Powerful partnership Allows Grundfos to Reach 2030 Emission Targets Five Years Ahead of Time

Grundfos has announced a new ambitious partnership with the German
renewable energy company ABO Wind. This strategically important
partnership means 80% of Grundfos’ European power consumption will
be sourced from renewable energy. It also allows Grundfos to reach its
2030-target of reducing Scope 1 and 2 greenhouse gas (GHG) emissions
by 50% already in 2025.

With the new partnership, Grundfos will receive clean, green energy
from a wind farm, currently being built in the municipality of
Haapajärvi, Finland. The wind farm, consisting of 14 Vestas turbines,
will be fully commissioned by the end of 2023. With significant
manufacturing presence in Europe, Grundfos has committed itself to
buying energy sourced from the wind farm for the next 10 years.

The agreement links to Grundfos’ overall emission reduction strategy.
Last year, the company became the first in the water solutions sector to
receive full validation of its 2050 net-zero target from the Science-Based
Targets Initiative (SBTi). SBTi also validated the company’s near-term
target of halving its Scope 1 and 2 GHG-emissions by 2030.

Karolin Pampel, Head of Department Project Finance & Sales Finland of
ABO Wind, said, “It’s very encouraging when businesses who are
leaders in their industry are determined to take the lead in the green

transition and invest heavily in renewable energy solutions. We look
forward to helping Grundfos lead the way towards a future powered by
clean, green energy.”

Mikael Geday, Executive Vice President & Chief Financial Officer of
Grundfos, added, “We took bold steps forward in our sustainability
ambitions in setting net-zero and 2030 science-based targets. Our
science-based targets highlight our leadership in taking climate action
across our footprint. We now take our sustainability journey to the next
level by reaching our 2030-targets five years ahead of time. The
partnership with ABO Wind will significantly reduce our carbon
footprint and is a statement of our intent and a signal we have a clear
roadmap to deliver on our promises.”
Image courtesy: ABO wind

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