Dürr : Dürr Group presents climate strategy and aims to reduce emissions by 70% by 2030 | MarketScreener
Bietigheim-Bissingen, November 16, 2021-The Durr Group has presented a holistic climate strategy with ambitious climate protection targets. By 2030, the machine and plant engineering firm intends to reduce the greenhouse gas emissions it generates by 70%, thus contributing to the achievement of the 1.5 degree target stipulated by the Paris Climate Agreement. In addition to its own emissions, the MDax-listed Group is also focusing on the climate effect from the upstream supply chain and the use of its products.
The guiding theme of the new climate strategy is “investing instead of compensating.” Instead of compensating emissions through payments, the Durr Group is investing in climate-friendly technologies in order to minimize greenhouse gas emissions.“We actively assume our responsibility for climate protection. With our climate strategy and the corresponding reduction targets, we are among the pioneers in mechanical and plant engineering. Ecological sustainability has a long tradition at Durr.
For example, we have been active in environmental technology since the 1960s. At customers’ sites worldwide, our technologies make an important contribution to reducing emissions in production. We will substantially reduce the ecological footprint of our own locations by investing in climate-friendly technologies and buildings and by switching to green electricity,” says Dr.
Jochen Weyrauch, future CEO of Durr AG and responsible for the Group’s sustainability strategy.Scientific monitoring: Science Based Targets initiative
Currently, the company is having its climate strategy and its targets scientifically validated by the Science Based Targets initiative (SBTi). The globally recognized organization examines whether the reductions targeted by the Durr Group are in line with achieving the 1.5 degree target. The opinion of the SBTi is expected for the first half of 2022.Investments in energy efficiency
In 2019, the CO2 emissions directly attributable to the Durr Group amounted to approximately 57,000 tons.
These are the so-called Scope 1 and 2 emissions, which mainly result from site operations and the purchase of energy.The climate strategy contains measures to reduce these emissions by 70% by 2030. By 2023, all locations worldwide will be converted to green electricity without exception. Moreover, the Group is investing heavily in photovoltaics.
The German locations in Bietigheim-Bissingen, Schopfloch and Holzbronn will be the first, investing EUR1.4 million in this alone. In a second step, further plants are to follow in Germany, Poland, China and the USA. In addition, ORC (Organic Rankine Cycle) systems from our own product range will be installed.
This allows electricity to be generated sustainably from waste heat. With the help of photovoltaics and ORC, the appropriately equipped locations are expected to self-generate at least 70% of the required electricity in a climate-neutral manner.Further emissions reductions are to be achieved through investments in buildings. For example, the new buildings at HOMAG in Schopfloch and Sroda (Poland) announced in the spring will be equipped with energy-efficient building technology.
Lighting and heating will also be converted to low-consumption technology. Ultimately, the Durr Group aims to improve the energy efficiency of its locations by 1% to 2% each year. In addition, the entire fleet of company vehicles in Germany will be gradually converted to alternative power trains by 2030 at the latest.Energy-efficient products and emissions reduction in the supply chain
The new climate strategy also aims to reduce so-called Scope 3 emissions.
They mainly include CO2 emissions in the supply chain and emissions caused by customer use of the products sold. Naturally, the amount of these emissions is much larger than our own emissions and can only be influenced indirectly. Nevertheless, they are to be reduced by at least 15% by 2030.The innovation work of the Group focuses on the energy efficiency of its products.
In the past 15 years, Durr has already been able to reduce the energy consumption of large paint shops for the automotive industry by two thirds through appropriate innovations. This course will be continued and intensified. “We are an important partner for our customers in decarbonization, since our machines and systems have a major impact on the climate footprint of production,” says Dr Jochen Weyrauch. “When making investment decisions, customers are increasingly conscious about the degree to which new production equipment will contribute to achieving their climate goals. That is why we are focusing more strongly on the development of energy-saving technologies and the use of renewable energies within the scope of our climate strategy.”The Durr Group will increasingly work towards sustainability with its suppliers.
At present, a program is being developed that offers financial incentives for suppliers with climate-friendly processes. In logistics, more goods transports are to be shifted from road to rail and transports by air freight are to be avoided as far as possible. In addition, the carbon footprint of logistics partners will play a role when awarding contracts in the future.Employees will also be involved in the new climate strategy.
In the future, suggestions from the workforce that contribute to the ecological transformation of the company will be promoted and rewarded through a new ideas management program. Moreover, the Group is working on offers for commuters in order to reduce emissions on the way to work.Press photos
The Durr Group has presented a holistic climate strategy with ambitious climate protection targets. The company will reduce and avoid the emission of greenhouse gas at its own business locations and in the supply chain.
This inolves measures in six different fields of action.Currently, the Durr Group is having its climate strategy and its targets scientifically validated by the Science Based Targets initiative (SBTi). The opinion of the SBTi is expected for the first half of 2022.The innovation work of the Group focuses on the energy efficiency of its products. In the past 15 years, Durr has already been able to reduce the energy consumption of large paint shops for the automotive industry by two thirds through appropriate innovations.The Durr Group is active in several areas which are relevant for the transformation of our society towards climate neutrality.
One example ist the building sector, where sustainable materials such as wood make a measurable contribution to the reduction of CO2 emissions. The Durr Group’s subsidy HOMAG Group offers equipment for the production of construction elements for timber houses.About DurrThe Durr Group is one of the world’s leading mechanical and plant engineering firms with extensive expertise in automation and digitalization/Industry 4.0. Its products, systems and services enable highly efficient and resource-saving manufacturing processes in different industries.
The Durr Group supplies sectors like the automotive industry, mechanical engineering, chemical, pharmaceutical, medical technology and woodworking industries. It generated sales of EUR 3.32 billion in 2020. The company has around 17,500 employees and 120 business locations in 33 countries.
Since February 2021, the majority-owned automation specialist Teamtechnik has also been part of the Group. The Durr Group operates in the market with the brands Durr, Schenck and HOMAG and with five divisions:Paint and Final Assembly Systems: paint shops as well as final assembly, testing and filling technology for the automotive industry, assembly and test systems for medical devicesApplication Technology: robot technologies for the automated application of paint, sealants and adhesivesClean Technology Systems: air pollution control, noise abatement systems and coating systems for battery electrodesMeasuring and Process Systems: balancing equipment and diagnostic technologyWoodworking Machinery and Systems: machinery and equipment for the woodworking industryDisclaimerThis publication has been prepared independently by Durr AG/Durr group. It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments.
Such forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to those described in disclosures of Durr AG, in particular in the chapter “Risks” in the annual report of Durr AG. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performances or achievements of the Durr group may vary materially from those described in the relevant forward-looking statements. These statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning.
Durr AG neither intends, nor assumes any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.Our financial reports, presentations, press releases and ad-hoc releases may include alternative financial metrics. These metrics are not defined in the IFRS (International Financial Reporting Standards).
Net assets, financial position and results of operations of the Durr group should not be assessed solely on the basis of these alternative financial metrics. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the IFRS. The calculation of alternative financial metrics may vary from company to company despite the use of the same terminology.
Further information regarding the alternative financial metrics used at Durr AG can be found in our -> financial glossary on the web page.Award-winning: Durr Group among Germany’s best companies for vocational trainingAttachmentsOriginal documentPermalinkDisclaimerDurr AG published this content on 16 November 2021 and is solely responsible for the information contained therein.
Distributed by Public, unedited and unaltered, on 16 November 2021 10:15:05 UTC.
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