Compagnie de Saint-Gobain Power Purchase Agreement (6659Z)
September 15 2022 - 11:20AM
UK Regulatory
TIDMCOD
RNS Number : 6659Z
Compagnie de Saint-Gobain
15 September 2022
SAINT-GOBAIN SIGNS A MAJOR RENEWABLE ELECTRICITY SUPPLY
AGREEMENT IN POLAND
Saint-Gobain has signed a renewable electricity agreement (Power
Purchase Agreement) with Tion Renewables AG (currently being
renamed from Pacifico Renewables Yield AG), the German wind and
solar power producer.
The 15-year agreement will run from 2025 and cover around 45% of
Saint-Gobain Poland's electricity needs.
"This power supply agreement is an important milestone for
Saint-Gobain in Poland. It will contribute to a significant
reduction in our CO(2) emissions, in line with the Group's
commitment to achieve carbon neutrality by 2050", explains Joanna
Czynsz-Piechowiak, CEO of Saint-Gobain Poland.
It will enable a reduction in CO(2) emissions of 135,000 tons
per year, i.e. nearly 20% of Saint-Gobain's scope 1 and 2 emissions
in Poland and a 4% reduction in Saint-Gobain's scope 1 and 2 CO(2)
emissions in Europe.
The PPA foresees the purchase of approximately 190 GWh of wind
energy annually. This is equivalent to supplying about 100,000
European homes with renewable electricity each year. The total
capacity of the wind farms is equivalent to circa 52 MW spread over
three sites and 20 wind turbines.
This announcement illustrates how Saint-Gobain is stepping up
the pace on its carbon neutrality roadmap and comes in the wake of
the recent endorsement by the Science Based Targets initiative[1]
of the Group's commitments to reduce CO(2) emissions by 2050.
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures
and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of
public and private buildings, light construction and the
decarbonization of construction and industry are developed through
a continuous innovation process and provide sustainability and
performance. The Group's commitment is guided by its purpose,
"MAKING THE WORLD A BETTER HOME".
EUR44.2 billion in sales in 2021
166,000 employees, locations in 76 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
[1] A collaboration between CDP, the UN Global Compact, the
World Resource Institute (WRI), and the World Wildlife Fund (WWF),
and one of the commitments of the We Mean Business coalition, the
Science Based Targets initiative defines and promotes best
practices in science-based target setting and independently
evaluates and approves corporate targets to accelerate the
transition to a low-carbon economy.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGRFLFLRAFIELIF
(END) Dow Jones Newswires
September 15, 2022 12:20 ET (16:20 GMT)
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Feb 2024 to Mar 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Mar 2023 to Mar 2024