Viessmann Group has committed to new decarbonisation targets after its Co-CEO spoke at a sustainability forum as part of COP26.
Viessmann announced plans to become climate neutral by 2050, reducing emissions from its operations, products and the entire value chain in line with the 1.5°C pathway defined in the Paris Agreement in 2015.
The group will invest over €60m over the coming years to upgrade facilities with efficiency and climate technologies, and all future manufacturing sites will be developed as net-zero facilities where possible.
The announcement came as Viessmann presented its first climate report at COP26 in Glasgow, where Max Viessmann spoke at the Sustainable Innovation Forum.
He said: “Every company must become a climate solutions company. It must come straight from the heart. We need to emphasise the responsibility that we have to the future, and be aware that how we live today will impact future generations.”
Graham Russell, managing director, Viessmann UK, added: “Viessmann has a strong track-record in reducing emissions and achieving its own ambitious energy efficiency targets at its global manufacturing sites – with technologies already available. This gives us a headstart in leading the way towards a climate neutral building stock.”