dormakaba Holding AG / CH0011795959

dormakaba reduces CO2 emissions: Commissioning of 21,000 solar panels at three production sites

dormakaba Holding AG / Key word(s): ESG


01.02.2024 / 06:30 CET/CEST

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Rümlang, 1 February 2024 – In the last three months, dormakaba has started operating three photovoltaic power plants with a total of 21,000 solar panels on the roofs of its production sites in Melaka (Malaysia), Suzhou (China), and Taishan (China). The solar installations are planned to produce more than 11,000 megawatt hours (MWh) of electricity annually and to save almost 7,000 tons of CO2 equivalent (CO2e) annually. This initiative to expand the use of renewable energy is part of dormakaba's climate transition plan, which aims to reduce operational emissions by 42% by 2030 – with a baseline of 74,770 tons of CO2e in financial year 2019/20.

"The commissioning of the solar panels is a significant step towards achieving our CO2 emission reduction target and contributing to the transition to a low-carbon economy. This measure is both ecologically beneficial and makes economic sense due to the expected high carbon price in the future. The on-site solar panel installations contribute to 25% of the total savings planned in our climate transition plan. Besides this, we are also working on energy efficiency projects, electrifying the vehicle fleet, improving fuel consumption, and reducing the use of heating fuels," says Stephanie Ossenbach, Group Sustainability Officer of dormakaba. Key data of the solar energy projects: Melaka (Malaysia): 1,020 solar panels, expected annual production of 826 MWh, and savings of 540 tons of CO2e Suzhou (China): 2,258 solar panels, expected annual production of 1,216 MWh, and savings of 762 tons of CO2e Taishan (China): 17,675 solar panels, expected annual production of 9,050 MWh and savings of 5,671 tons of CO2e In the recent years, dormakaba has installed solar panels on the rooftops of its manufacturing sites worldwide. For example, its manufacturing facility in Chennai (India) generates enough solar energy on-site to cover 100% of its electricity needs (440 solar panels). Furthermore, the Key & Wall Solutions factories in Senai (Malaysia) and Greater Noida (India) also consume energy from their solar installations, covering 42% and 15% of their electricity needs, respectively. dormakaba has committed to an industry-leading sustainability framework with over 30 ambitious ESG targets as part of its Shape4Growth strategy. The framework spans both social and environmental spheres, including promotion of diversity and inclusion, sustainable development of our suppliers, fostering a proactive safety culture, and strong human rights due diligence amongst others.  Visit dormakaba’s latest Sustainability Report to learn about its goals and results: https://report.dormakaba.com/2022_23/sustainability/

Patrick Lehn
Senior Manager Group External Communications / Press Officer [e-mail]
[phone]   Stephanie Ossenbach 
Group Sustainability Officer [e-mail]
[phone]

General Disclaimer This communication contains certain forward-looking statements including, but not limited to, those using the words “believes”, “assumes”, “expects” or formulations of a similar kind. Such forward-looking statements reflect the current judgement of the company, involve risks and uncertainties and are made on the basis of assumptions and expectations that the company believes to be reasonable at this time but may prove to be erroneous. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks, uncertainties and other factors outside of the company's and the Group's control which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the company or the Group and those either expressed or implied by such statements. Except as required by applicable law or regulation, the company accepts no obligation to continue to report, update or otherwise review such forward-looking statements or adjust them to new information, or future events or developments. 
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dormakaba®, dorma+kaba®, Kaba®, Dorma®, Ilco®, LEGIC®, Silca®, BEST® etc. are registered trademarks of the dormakaba Group. Due to country-specific constraints or marketing considerations, some of the dormakaba Group products and systems may not be available in every market.

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Language:	English
Company:	dormakaba Holding AG
	Hofwisenstrasse 24
	8153 Rümlang
	Switzerland
Phone:	[phone]
E-mail:	[e-mail]
Internet:	https://www.dormakabagroup.com
ISIN:	CH0011795959
Listed:	SIX Swiss Exchange
EQS News ID:	1827603

End of News	EQS News Service

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1827603  01.02.2024 CET/CEST