celebrated reaching two milestones in its goal to achieve climate neutrality.
The company has reduced its carbon emissions by 60% since it started its green plan in 2020, despite an increase in energy consumption due to production facilities’ high capacity utilisation and the construction of new ones.
Its reduction in carbon emissions is mainly due to its global switch to 100% green electricity.
In addition to natural gas, which is mainly used to fire furnaces, electricity is Schott’s largest energy source in terms of volume.
To make the switch, Schott is relying on renewable energies through corresponding Energy Attribute Certificates (EACs).
In order to make a strong contribution to the energy transition, the company has committed to using high-quality, independently verified green electricity certificates.
Since 2022, the company has also relied on power purchase agreements (PPAs), which make a more concrete contribution to the energy transition.
PPAs are contracts with operators of renewable energy plants, such as wind farms. Schott has concluded three long-term contracts with providers in Germany, and is pursuing further opportunities.
The company will cover 17% of its electricity consumption in Germany for the year 2023 using PPAs.
Dr. Jens Schulte, board member and Head of the Zero Carbon programme said: "At the moment, we are investing a mid-double-digit million euro amount to achieve our climate targets.
“We are using this money to acquire high-quality green electricity and also research new technologies for decarbonized production.
"In order to convert our plants to these technologies, we expect to invest higher sums in the coming years."