PALFINGER AG is a leading global manufacturer of innovative lifting solutions for a wide range of industries, including construction, logistics, and transportation. Founded in 1932 in Austria, the company has grown to become a trusted partner for customers around the world, with a presence in over 130 countries.

As a company operating in the Material Handling Machinery sector, PALFINGER AG is acutely aware of the need to decarbonize its operations and reduce its environmental impact. To this end, the company has implemented a number of initiatives aimed at reducing its carbon footprint and promoting renewable energy.

One of the key ways in which PALFINGER AG is working to decarbonize its operations is through the use of corporate power purchase agreements (PPAs). These agreements allow the company to purchase renewable energy directly from wind and solar farms, reducing its reliance on fossil fuels and supporting the growth of the renewable energy sector.

In 2019, PALFINGER AG signed a corporate PPA with the Norwegian energy company Statkraft, which will provide the company with 100 GWh of renewable energy per year. This represents a significant step towards the company's goal of sourcing 100% of its electricity from renewable sources by 2025.

In addition to its use of corporate PPAs, PALFINGER AG is also investing in its own renewable energy infrastructure. The company has installed solar panels on the roofs of its production facilities, generating clean energy to power its operations. This not only reduces the company's carbon footprint but also helps to reduce its energy costs.

PALFINGER AG is also committed to improving the energy efficiency of its operations. The company has implemented a number of measures to reduce its energy consumption, including the use of energy-efficient lighting and heating systems, and the optimization of its production processes to reduce waste and improve efficiency.

As part of its commitment to corporate energy management, PALFINGER AG has also established an energy management system in accordance with the ISO 50001 standard. This system helps the company to identify opportunities for energy savings and to monitor its progress towards its energy efficiency targets.

In addition to its focus on renewable energy and energy efficiency, PALFINGER AG is also committed to promoting sustainable practices throughout its supply chain. The company works closely with its suppliers to ensure that they meet its high standards for sustainability and ethical conduct, and it has implemented a number of initiatives to reduce the environmental impact of its products.

For example, PALFINGER AG has developed a range of lightweight lifting solutions that are designed to reduce fuel consumption and emissions in the transportation sector. These solutions are particularly well-suited to the logistics industry, where reducing fuel consumption and emissions is a key priority.

Overall, PALFINGER AG is a company that is committed to decarbonizing its operations and reducing its environmental impact. Through its use of corporate PPAs, investment in renewable energy infrastructure, and focus on energy efficiency and sustainable practices, the company is leading the way in the Material Handling Machinery sector towards a more sustainable future.