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july 19, 2021 - Bosch

Bosch honors its suppliers’ endeavors for sustainability

Stuttgart, Germany – As it continues to pursue its sustainability strategy, Bosch has decided to recognize commitment to sustainability among its roughly 23,000 suppliers worldwide. For the first time, this year’s international Bosch Supplier Awards include an honor in this category. Announcing the award winners, Prof. Stefan Asenkerschbaumer, CFO and deputy chairman of the board of management of Robert Bosch GmbH, said: “With a current purchasing volume of 35 billion euros, Bosch’s responsibility in the global supply chain extends far beyond the factory gates. Together with our suppliers, we assume social responsibility, which also means striving to achieve a high level of sustainability.” For Bosch, the award is also an expression of partnership and long-term cooperation with its suppliers and service providers. Forty-six companies from 16 countries received one of the coveted Bosch Global Supplier Awards for their exceptional performance in various categories. The jury recognized Infineon, Salesforce, and Steelcase for their climate action programs.

Sustainable supply chains: spotlight on climate action

With its 400 locations worldwide, Bosch has been climate neutral since the first quarter of 2020. In close cooperation with its global supplier network, Bosch wants to go one step further, and aims for a 15 percent reduction in its upstream and downstream CO2 emissions along its entire value chain by 2030. “Climate action is a collective task shared by industry, politics, and society,” Asenkerschbaumer says. “Climate-conscious action is a common bond between Bosch and its suppliers.” In the future, the company will make aspects such as CO2 emissions or CO2 ratings a criterion for awarding new contracts. “We plan to put some initial ideas into practice more broadly as of 2022,” the CFO says.

Electrification and green hydrogen: opportunities for suppliers

Bosch is focusing above all on electrification and hydrogen technology, for example in mobility and heating, in order to turn technological and environmental upheaval into new business opportunities . “Global efforts to combat climate change are boosting electrification and green hydrogen,” Asenkerschbaumer says. As for the associated business opportunities, he sees suppliers as important partners for Bosch: “Our suppliers and service providers play a crucial role in many technical innovations that ultimately help improve quality of life and conserve natural resources.”

Robustness: disruptions also affecting supply chains

At Bosch, partnering with regional and local suppliers ensures a high degree of robustness and availability in the supply chain. According to Asenkerschbaumer, this strategy has once again proved invaluable in crises such as the coronavirus pandemic and the current market bottlenecks. Nevertheless, companies and their suppliers worldwide need to prepare early for changes in the event of ongoing supply chain disruptions. “At Bosch, we’re well prepared for this. We essentially take a decentralized approach by manufacturing locally in our customers’ countries and relying on a standardized global manufacturing network.” In light of the challenging business year, the CFO expects purchasing volumes in 2021 to be only slightly above the previous year’s level.

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