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Voith Group announces plan to be carbon neutral by 2022

Voith Group has announced it plans for all its facilities to be carbon neutral by 2022.

The company says it will switch to purchasing carbon-neutral electricity in the near future and offset unavoidable carbon emissions with compensation measures. Voith presently purchases one third of its electricity needs from renewable resources, and will gradually increase the share of renewable energies, both in its own generation and in its purchasing.

Voith is also going to invest five million euros each year in energy efficiency, including its locations’ own generation.

From 2011-12 to 2018-19, Voith saved 28 per cent of its energy consumed, 27 per cent of the volume of waste and 44 per cent of fresh water. Over the coming years, Voith intends to make targeted investments totalling €50 million into improving the energy efficiency of its own plant and buildings over the long term.

“We continue on from Voith’s traditions as a family-owned company based on our understanding of sustainability: the obligation to ecologically clean and fair actions, and to return a profit over the long term,” says Dr. Toralf Haag, Voith CEO and president. “This is not only good for the environment and society in general but also makes economic sense.”