TIDMCOD

RNS Number : 0923T

Compagnie de Saint-Gobain

22 March 2021

PRESS RELEASE

March 22, 2021

SAINT-GOBAIN in North America enters into a purchase agreement for sustainable energy

Saint-Gobain in the US entered into a 12-year Power Purchase Agreement (PPA) with Invenergy, a leading privately held global developer and operator of sustainable energy solutions, for 120 megawatts (MW) of the 250 MW Blooming Grove Wind Farm capacity in McLean County, Illinois, which recently started operations.

This agreement is the largest renewable energy deal to date for Saint-Gobain and is a key milestone in supporting the Group's target to reach net-zero carbon emissions by 2050. The associated Renewable Energy Certificate System (RECS) represents 40% of the Group's CO(2) emissions from electricity in the US, resulting in a 21% reduction of Saint-Gobain's overall carbon footprint (scope 1 and 2) in the US.

With this agreement and other ongoing projects, the share of renewable electricity within Saint-Gobain's worldwide electricity consumption, will double in 2021, from 18.9% in 2020.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 70 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

 
 
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March 22, 2021 13:09 ET (17:09 GMT)