Nemak, S.A.B. de C.V. is a Mexican company that operates in the Engines & Parts sector. The company is a leading global manufacturer of high-tech aluminum components for the automotive industry. Nemak has a strong presence in the Americas, Europe, and Asia, and it provides innovative solutions to automakers that help them reduce weight, improve fuel efficiency, and meet emissions regulations.

Nemak is committed to sustainability and decarbonisation, and it has implemented several initiatives to reduce its environmental impact. One of the key areas of focus for the company is corporate energy. Nemak has set ambitious targets to reduce its energy consumption and greenhouse gas emissions, and it has implemented various measures to achieve these goals.

One of the most significant initiatives that Nemak has undertaken in the area of corporate energy is the implementation of a corporate power purchase agreement (PPA). A PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for electricity over a set period. The PPA enables Nemak to purchase renewable energy directly from a wind farm, which helps the company reduce its carbon footprint and lower its energy costs.

Nemak's PPA is a 10-year agreement with a wind farm in Mexico, which will provide the company with 30% of its energy needs. The PPA will help Nemak reduce its greenhouse gas emissions by 65,000 tons per year, which is equivalent to taking 13,000 cars off the road. The PPA is also expected to save Nemak $2 million in energy costs over the next decade.

In addition to the PPA, Nemak has implemented several other initiatives to reduce its energy consumption and greenhouse gas emissions. The company has invested in energy-efficient equipment and processes, and it has implemented a program to optimize its energy use. Nemak has also implemented a program to reduce its water consumption and improve its waste management practices.

Nemak's commitment to sustainability and decarbonisation is reflected in its corporate culture. The company has a dedicated sustainability team that works to identify opportunities to reduce its environmental impact and improve its social responsibility. Nemak's sustainability team works closely with its suppliers and customers to promote sustainable practices throughout the supply chain.

Nemak's commitment to sustainability and decarbonisation is also reflected in its corporate governance. The company has a board-level sustainability committee that oversees the company's sustainability strategy and initiatives. The committee is responsible for setting sustainability targets, monitoring progress, and ensuring that sustainability is integrated into the company's business strategy.

In conclusion, Nemak, S.A.B. de C.V. is a Mexican company that operates in the Engines & Parts sector. The company is a leading global manufacturer of high-tech aluminum components for the automotive industry. Nemak is committed to sustainability and decarbonisation, and it has implemented several initiatives to reduce its environmental impact. One of the key areas of focus for the company is corporate energy, and it has implemented a corporate power purchase agreement (PPA) to purchase renewable energy directly from a wind farm. The PPA is expected to help Nemak reduce its greenhouse gas emissions by 65,000 tons per year and save $2 million in energy costs over the next decade. Nemak's commitment to sustainability and decarbonisation is reflected in its corporate culture and governance, and the company has a dedicated sustainability team and a board-level sustainability committee that oversee its sustainability strategy and initiatives.