Stuttgart, Germany – In the fight against climate change, technology is paving the way, and Bosch is at the forefront of these endeavors. In February 2020, Bosch became the first global industrial company to achieve carbon-neutral production. It is developing green technologies that conserve resources, reduce energy consumption, protect the environment, and mitigate global warming. “Industry will become a driver of ecological transformation in business and society. Bosch is mobilizing all its resources and contributing its technological know-how and many years of manufacturing expertise,” says Rolf Najork, the member of the Bosch board of management responsible for industrial technology. In 2021, green tech for industry generated sales of over 800 million euros for the company. That is just under 14 percent of the total sales of Bosch’s Industrial Technology business sector (6.1 billion euros in 2021). The green tech market is growing by 8 percent annually (source: BMU, 2021). “Bosch is growing faster than the market. By 2023, we want to break the one-billion-euro mark in sales of green industrial technology,” Najork says. Ecological transformation is paying off: according to the VDMA, the association of German machinery and equipment manufacturers, the systematic use of green tech can cut industrial greenhouse gas emissions by almost 90 percent (source: VDMA, 2020). The VDMA study also says that by 2050, the expansion of climate-friendly technologies in the industrial sector will create a market potential of over 300 billion euros a year. At Hannover Messe (May 30–June 2, 2022), Bosch will be presenting its green tech solutions – from industry, for industry, and beyond.
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About Bosch
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.