Vitesco Technologies, an international supplier of advanced drive technologies and solutions for e-mobility, has become an independent member of the RE100 alliance for 100 percent renewable energy. RE100 is a global initiative with more than 300 member companies worldwide committed to 100 percent renewable electricity.
"As part of our DIRECTION 2030 strategy, we at Vitesco Technologies are pursuing the goal of climate-neutral production by 2030," explains Hans-Jürgen Braun, Head of Operations at Vitesco Technologies. "Our Membership in the RE100 alliance is of central importance to us in this regard. Since 2020, all of our production sites worldwide have been sourcing 100 percent electricity from renewable energy sources. This has already enabled us to reduce direct and indirect CO2 emissions for our operational activities by almost 90 percent."
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable power. Led by international non-profit the Climate Group in partnership with CDP, the group have a total revenue of over US$6.6 trillion and operate in a diverse range of sectors. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a clean economy.
Sam Kimmins, Head of RE100, The Climate Group said: “I am delighted to welcome Vitesco Technologies to RE100. By committing to 100 percent renewable electricity by 2030, Vitesco Technologies joins over 300 of the world’s leading businesses committed to driving market change. This sends a powerful message that renewable electricity makes good business sense, and we encourage others to follow”
On April 2021, The Supervisory Board approved the planned spin-off from Continental and subsequent stock market listing of Vitesco Technologies.
"The switch to green power is an important milestone in our decarbonization efforts and part of our comprehensive environmental strategy and sustainability agenda," said Christoph Seifert, head of environmental protection at Vitesco Technologies