In order to achieve this outcome in just two months’ time, Fuchs will offset any CO2 emissions which have not yet been avoided, with compensation measures. The company will therefore invest 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, like the United Nations (UN). Validation of the project results with regard to the CO2 savings achieved is verified by independent testing bodies, such as TÜV.
Fuchs’ commitment to environmental sustainability has already been seen in the UK in a number of ways. For instance, the UK company can offer its Lube Cube, which gives customers the option of buying its products in a recyclable cardboard box, rather than a plastic container. The change has resulted in a saving of more than 660,000 kg of plastic since Lube Cube launched in 2012. In addition, more than 2,000 solar panels have been installed at Fuchs’ base in Hanley, Stoke. The panels now produce 12% of the energy required for the entire plant.
Stefan Fuchs, chairman of Fuchs Petrolub SE, says: “Fuchs’ CO2 neutrality commitment 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.”
The Paris agreement aims to limit global warming to well below 2°C compared with pre-industrial levels.
Fuchs adds: "When selecting projects, our focus is on climate protection projects that support economic, ecological and social development worldwide in regions with Fuchs locations. As a result, we fulfil our global social responsibility in the sense of corporate citizenship. At the same time Fuchs supports the 17 sustainable development goals of the UN, to which the company has officially committed itself since 2018.”