Faurecia has signed an exclusive advisory contract with Schneider Electric to procure off-site renewable electricity as part of its CO2 neutral programme.
With the agreement, Faurecia will benefit from Schneider Electric’s support in the development and deployment of processes for power purchase agreement sourcing to cover all Faurecia sites in Europe, North America, China and Brazil.
Faurecia intends to procure 1,200 MWh/y of off-site renewable electricity through development partners, representing 90% of its global consumption, in compliance with industry standards for CO2 emissions calculation (including the WRI, CDP, SBTi, and RE100).
“Procuring zero-carbon energy from renewable sources is essential to meeting our 2025 objective to become CO2 neutral for our direct emissions,” said Faurecia Sustainable Transformation VP, Rémi Daudin.
“As well as producing our own renewable energy on site wherever possible, these power purchase agreements will ensure all our energy needs will be met with low- or zero-carbon options.”
For his part, Schneider Electric Energy and Sustainability Services VP, Steve White, added: “One year after starting our partnership with Faurecia, we are delighted to have the opportunity to grow our relationship under this new advisory service. Together, our organisations are driving industrial change for the better when it comes to energy efficiency and decarbonisation.”
By 2025, Faurecia aims to eliminate 920 ktCO2 and reach CO2 neutrality in its operations. This will be achieved by reducing the amount of energy used for electricity and heat through efficiency measures, by on-site renewable energy generation and through off-site power purchase agreements.
Faurecia wants to converge to CO2 neutrality by 2030 for scopes 1, 2 and 3, excluding the use phase of its products and is aiming for full CO2 neutrality, including the use phase of its products, by 2050.