FUCHS announces intention to go CO2-neutral

FUCHS, which has its UK headquarters in Stoke-on-Trent, will be CO₂-neutral globally by January 1 2020 – from energy consumption in production to consumables in administration.

In order to implement CO₂-neutrality in just two months’ time, FUCHS will offset its CO₂emissions, which have not yet been avoided so far, with compensation measures.

This will be done by the company investing in high-quality climate protection projects aimed primarily at promoting renewable energies.

The projects are accredited, approved and monitored according to internationally recognised certification standards such as the Gold Standard, as well as by renowned organisations such as the United Nations (UN).

The validation of the project results with regard to the CO₂ savings achieved is verified by independent testing bodies such as TÜV.

The UK company has made progress with the launch of its Lube Cube, which gives customers the option of buying its leading products in a recyclable cardboard box rather than a plastic container.

The change has resulted in an incredible saving of more than 660 000 kg of plastic since the Lube Cube launched in 2012.

Furthermore, more than 2000 solar panels have been installed at FUCHS’ base on New Century Street in Hanley, Stoke. The panels now produce 12% of the required energy for the entire plant.

Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE, said: “FUCHS’ CO₂-neutrality strategy is embedded in our sustainability strategy, which we launched 10 years ago.

“In this way, we are taking responsibility for global climate protection and making an important contribution to achieving the goals of the UN climate protection agreement ratified in Paris in 2015.”

This agreement aims to limit global warming to well below 2°C compared with pre-industrial levels.

Fuchs added: “When selecting projects, our focus is on climate protection projects that support economic, ecological and social development worldwide in regions with FUCHS locations.

“In this way we fulfil our global social responsibility in the sense of corporate citizenship. At the same time FUCHS also supports the 17 sustainable development goals of the UN to which the company has officially committed itself since 2018.”

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/04112019/fuchs-announces-intention-to-go-co2-neutral/