Voith Group currently purchases 35.4% of its electricity from renewable sources. Credit: Mischa004.

German engineering multinational Voith Group has announced plans to make its worldwide operations carbon-neutral from 2022 onwards.

The company plans to achieve carbon neutrality by switching to carbon-neutral electricity, as well as offsetting carbon emissions from its operations with compensation measures.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Voith Group currently purchases 35.4% of its electricity from renewable sources, and the company plans to increase its share of renewable energy through purchasing and generation. Voith Group will also invest €5m each year to improve energy efficiency, including generation at its locations worldwide.

Voith Group president and CEO Toralf Haag said: “As a global technology company, we consider the efficient use of resources and energy at all locations worldwide to be part of our entrepreneurial responsibility.

“By combining economic principles with ecological commitment, we are not only making a contribution to climate protection but are at the same time creating quantifiable added value for our company.”

Since 2011, the company has already saved 28% of the energy consumed at its sites, as well as 44% of the fresh water used and 27% of the waste produced.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In addition to the planned yearly €5m investments, Voith Group intends to make targeted investments totalling €50m into improving the long-term energy efficiency of its plants and buildings across the world.

Haag said: “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.

“This is not only good for the environment and society in general but also makes economic sense.”