Potential offtaker

HELLA GmbH & Co. KGaA

www.hella.com

Estimated electricity consumption

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Countries of production presence

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HELLA GmbH & Co KGaA is a leading global provider of innovative lighting and electronics solutions for the automotive industry. Founded in 1899, the company has a rich history of developing cutting-edge technologies that enhance the safety, comfort, and efficiency of vehicles. With headquarters in Lippstadt, Germany, and operations in over 35 countries, HELLA is a truly global player in the auto electrical and electronics sector.

As the world moves towards decarbonisation and renewable energy, HELLA is committed to reducing its carbon footprint and promoting sustainability in all aspects of its operations. The company has set ambitious goals to reduce its greenhouse gas emissions and increase the share of renewable energy in its energy mix. To achieve these goals, HELLA has implemented a range of initiatives that focus on corporate energy management, corporate power purchase agreements (PPAs), and renewable energy.

Corporate energy management is a key pillar of HELLA's sustainability strategy. The company has implemented a comprehensive energy management system that covers all aspects of its operations, from production processes to office buildings. The system is based on the ISO 50001 standard and includes regular energy audits, energy efficiency measures, and employee training. By optimising its energy use, HELLA has been able to reduce its greenhouse gas emissions and energy costs, while also improving its overall efficiency and competitiveness.

Another important aspect of HELLA's sustainability strategy is the use of corporate PPAs. These agreements allow the company to purchase renewable energy directly from a renewable energy project developer, often at a lower cost than traditional utility rates. By entering into long-term PPAs, HELLA can secure a stable and predictable source of renewable energy, while also supporting the development of new renewable energy projects. In 2020, HELLA signed its first corporate PPA for a wind farm in Poland, which will supply the company with 22 GWh of renewable energy per year.

In addition to corporate PPAs, HELLA is also investing in renewable energy projects directly. The company has installed solar panels at several of its production facilities, which generate clean energy and reduce the company's reliance on grid electricity. HELLA is also exploring the use of other renewable energy sources, such as geothermal and biomass, to further diversify its energy mix and reduce its carbon footprint.

Overall, HELLA is a leader in the auto electrical and electronics sector, with a strong commitment to sustainability and decarbonisation. Through its corporate energy management, corporate PPAs, and renewable energy projects, the company is reducing its greenhouse gas emissions, promoting renewable energy, and enhancing its competitiveness in a rapidly changing market. As the world continues to transition towards a low-carbon economy, HELLA is well positioned to thrive and contribute to a more sustainable future.

✓ Declared Net Zero commitment