In 2014, a major global manufacturer of carbon fiber products announced plans to invest $1 billion to build a manufacturing plant on 400 acres in...
The company pledges to continue its focus on improving energy efficiency and reducing CO2 emissions
Danfoss announced its commitment to supporting action on climate change as part of the U.S. White House’s American Business Act on Climate Pledge. By signing the pledge, Danfoss joins more than 140 other U.S. companies in voicing support for a strong outcome to the COP21 Paris climate negotiations.
As part of the American Business Act on Climate Pledge, Danfoss emphasized its commitment to reducing its climate impact by expanding existing efforts to improve energy efficiency in its buildings and manufacturing processes around the world and increase its utilization of low-carbon energy resources. This includes a 50% reduction by 2030 of the energy intensity of its buildings and processes compared to 2007 levels, and a 50% reduction by 2030 of the CO2 intensity of consumed energy compared to 2007.
Danfoss has already taken measures to help reduce the impact of its buildings and operations, and, thus, is making progress in achieving this pledge. Between 2007 and 2014, the company’s net sales increased by 55%, whereas its energy consumption, compared to sales, dropped by 29%. Typically, the energy-saving projects being deployed reduce energy consumption required for building operations by 25% to 30%. The savings are primarily obtained through the optimization and control of the buildings’ heating, air-conditioning, and ventilation systems using Danfoss’ own products.
“Danfoss is committed to creating a sustainable energy future,” said Mark Menzer, director of public affairs for Danfoss. “We laud the White House’s efforts and the leadership of the companies represented in the Pledge in taking action toward a low-carbon, sustainable future. Not only does improving energy efficiency and reducing emissions directly impact the environment, but a low-carbon economy also boosts economic growth and resiliency.”
Last week, Danfoss President and CEO Niels B. Christiansen joined a coalition of 78 CEO climate leaders from around the world facilitated by the World Economic Forum to urge world leaders to reach an ambitious climate deal that will generate jobs and growth.
“Hastening the shift to a low-carbon economy in an economically sustainable manner will generate growth and jobs in both the developing and developed world. Delaying action is not an option—it will be costly and will damage growth prospects in the years to come. The CEO climate leaders call on government leaders and policy makers to align on global measures, to be consistent in policy-making and to develop helpful innovation frameworks,” the coalition said in its published statement.