Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced relative CO2 emissions by 16 percent compared to 2007 levels
• Reduced energy consumption by 8.3 percent compared to 2007 levels
• Reduced water consumption by 12.6 percent compared to 2007 levels
• Reduced wastewater by 3.8 percent compared to 2007 levels
• Increased expenditure on environmental protection by 61.0 percent compared to 2007 levels
• Wuxi plant built a facility to treat up to 50,000 liters of industrial wastewater per day
• Bosch UK recycling old Worcester boilers, recovering approximately one metric ton of plastic per week for reuse

Social Achievements

• Awarded the German Diversity Prize 2013
• Supported victims of natural disasters (flooding in Germany, Austria, and the Czech Republic, typhoon in the Philippines)
• Launched a new training initiative offering 100 additional vocational training positions in Southern Europe and Germany
• Provided free education and vocational courses for people from socially deprived backgrounds through its foundations in Brazil, China, India, and the United States
• Reduced labor turnover rate by 2.1% compared to 2007

Governance Achievements

• Continued and expanded group-wide programs to promote diversity and attract the best staff
• Member of the United Nations Global Compact since 2004, committed to its ten principles
• Implemented compliance training courses and web-based training sessions

Climate Goals & Targets

Environmental Challenges

• Rising global energy demand
• Increasing waste production
• High youth unemployment
• Water scarcity and pollution

Mitigation Strategies

• Developing eco-friendly and energy-efficient solutions (close to 40% of global sales)
• Commitment to a 20 percent reduction in CO2 emissions by 2020 (relative to 2007 levels)
• Steady reduction of water consumption and waste volumes
• Knowledge sharing through the international “Bosch Connect” network
• Investing in education and training programs for young people
• Implementing intelligent water management strategies (e.g., Daejeon location)
• Recycling initiatives (e.g., Worcester boiler recycling)

Supply Chain Management

Supplier Audits: 260 (since 2011)

Responsible Procurement

• Code of Business Conduct
• Bosch purchasing guidelines
• Auditing suppliers on social and environmental issues

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001 (for just under 200 of 242 production and development locations)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Eco-friendly and energy-efficient solutions
• Geothermal heat pump
• Logapower FC10 fuel cell system
• Internet-enabled oil- and gas-fired condensing boilers
• Micromechanical sensors for smart buildings
• eClutch
• Coasting assistant
• Boost Recuperation System (BRS)
• Hydraulic hybrid drive
• Strong hybrid systems
• Plug-in hybrid systems
• iBooster

Awards & Recognition

• German Diversity Prize 2013
• Bosch Global Supplier Award
• MVO Award Weer terland 2014/2015 (Robert Bosch Packaging Technology B.V.)
• Energy Star (Geothermal heat pump)
• Lean & Green Efficiency Awards 2013 (Stuttgart-Feuerbach and Homburg plants)
• German Ideas Award (Homburg site)

Environmental Metrics

ESG Focus Areas

• Environment
• Products
• Associates
• Society

Environmental Achievements

• Reduced CO2 emissions relative to value added by more than 20 percent over 2007 levels (target initially set for 2020)
• Saved 530 million euros in energy costs between 2007 and 2014 through internal measures
• 70 percent of electricity needs covered by a wind park in Mexico for 13 Bosch locations since September 2015

Social Achievements

• Launched "Conserva com você" sustainability program in Campinas, Brazil to strengthen environmental awareness and reduce resource consumption
• Opened Advanced Manufacturing Training Center (MTC) in Coventry, England for innovative production processes and Industry 4.0 training
• Implemented occupational safety management system based on OHSAS 18001, reducing reportable work accidents by 53 percent from 2007 to 2015

Governance Achievements

• Continued and expanded group-wide programs to promote diversity and attract the best staff
• Implemented a corporate agreement to promote associates’ mental health at all German locations
• Established a whistleblower portal for reporting breaches of compliance

Climate Goals & Targets

Environmental Challenges

• Need to further reduce absolute CO2 emissions despite shrinking energy needs
• Need to accelerate the transition to a more sustainable, low-carbon economy
• Challenges in achieving mass-market electric mobility

Mitigation Strategies

• Investing nearly 400 million euros annually in e-mobility
• Working to make internal combustion engines more efficient
• Exploring synthetic fuels produced from renewable sources

Supply Chain Management

Supplier Audits: 471 audits conducted since 2010

Responsible Procurement

• Code of Business Conduct
• Bosch purchasing guidelines

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: UN Global Compact, Global Reporting Initiative

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Bosch's commitment to sustainable development aligns with at least nine UN SDGs

Sustainable Products & Innovation

• Energy-efficient products
• Connected driving technologies
• Innovative gasoline pump

Awards & Recognition

• Premier’s Sustainability Award (Australia)
• AEA Environment award (Brazil)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 32.8% reduction in CO₂ emissions compared with 2007
• 4.1% less waste compared with 2015
• 16.1% reduction in water consumption compared with 2015
• 66% fewer accidents per million hours worked compared with 2007

Social Achievements

• Launched LGBT Allies Network with over 100 ambassadors
• Supported various educational projects globally (e.g., Inspire Suffolk, New Sunshine Charity Foundation, Mecenazgo)
• Implemented new safety initiatives at various locations (e.g., Changsha, Llica)
• Increased JobConnector profiles by 50% year-on-year

Governance Achievements

• Fully revised Code of Business Conduct
• Implemented new IT tool to assess business partner compliance
• Conducted worldwide anti-corruption risk analysis
• 261,057 associates participated in compliance training

Climate Goals & Targets

Environmental Challenges

• Reducing CO2 emissions from urban traffic
• Improving air quality in cities
• Addressing youth unemployment in Southern Europe

Mitigation Strategies

• Investing in e-mobility and improving existing technologies
• Developing innovative brake discs (iDisc) to reduce brake dust
• Implementing smart mobility networks (BePart)
• Offering apprenticeships through the Southern Europe Training Initiative

Supply Chain Management

Supplier Audits: 740 audits conducted since 2010; target of 1000 by 2020

Responsible Procurement

• Compliance with ILO core labor standards
• General environmental standards (notification requirements, bans on hazardous substances)
• Requirement for certified environmental management systems for preferred suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and technologies

Reporting Standards

Frameworks Used: UN Global Compact, GRI Standards (2016), German Council for Sustainable Development (RNE)

Certifications: ISO 14001 (at 221 locations), OHSAS 18001 (at 126 locations)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 13

Bosch's activities contribute to these goals through various initiatives in environment, social, and governance areas.

Sustainable Products & Innovation

• iDisc brake disc
• e-axle
• Easy Control technology
• BMA400 acceleration sensor
• EMMA energy management system

Awards & Recognition

• Bosch EHS Award
• Innovation Award of the Fédération Internationale de l’Automobile (FIA)

Environmental Metrics

ESG Focus Areas

• Climate change
• Energy efficiency
• Water scarcity
• Resource efficiency
• Occupational health and safety
• Supply chain sustainability
• Social responsibility
• Compliance and integrity
• Data security and protection

Environmental Achievements

• Made German sites CO₂ neutral in 2019
• Implemented over 1,000 projects to improve energy efficiency, saving around 0.21 TWh
• Launched around 50 water-saving projects in water-scarce regions, saving around 200,000 cubic meters of water

Social Achievements

• Rigorously reduced accident rate
• Launched a new training program for around 20,000 associates to handle AI
• Expanded compliance dialogue and revised existing content to make it more user-friendly

Governance Achievements

• Further developed compliance organization and broadened its scope
• Published a comprehensive appendix with examples and specific notes to the Code of Business Conduct
• Increased response rate in conflict minerals survey to 88%

Climate Goals & Targets

Environmental Challenges

• Climate change impacts (water scarcity, extreme weather events)
• Supply chain disruptions
• Shortage of raw materials
• Changes in regulatory framework (e.g., ban on internal-combustion engines)
• Changing customer preferences

Mitigation Strategies

• Developed alternative sourcing strategies
• Implemented measures to reduce water withdrawal in water-scarce regions
• Increased energy efficiency and renewable energy use
• Developed a systematic process for identifying human rights risks
• Implemented a global whistleblower system

Supply Chain Management

Supplier Audits: Around 1,600 CSR quick scans and over 1,000 CSR drill-deep assessments

Responsible Procurement

• Code of Conduct for Business Partners
• Agreements on quality and corporate social responsibility
• Sustainability criteria in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water scarcity

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and building technologies
• Electromobility

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001 (89% of manufacturing and development sites), ISO 45001 (64% of manufacturing and development sites)

Third-party Assurance: Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 4 (Quality Education)
• SDG 5 (Gender Equality)
• SDG 6 (Clean Water and Sanitation)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 12 (Responsible Production and Consumption)
• SDG 13 (Climate Action)

Bosch's activities support these SDGs through various initiatives

Sustainable Products & Innovation

• Energy-efficient household appliances
• Electric motors
• Fuel cell systems
• Smart energy management solutions
• Sustainable building technologies

Awards & Recognition

• Environmental award from the Brazilian Automotive Engineering Association (AEA)
• First place in the “Processes” category of the Brazilian ECO Award

Environmental Metrics

ESG Focus Areas

• Climate action and energy efficiency
• Data security and data protection
• Compliance and integrity
• Occupational health and safety
• Human rights

Environmental Achievements

• Achieved carbon neutrality (scopes 1 and 2) at over 400 locations worldwide since February 2020.
• Reduced water withdrawal by 23.1% at company locations in water-scarce regions compared to 2017.
• Generated 69 GWh of power from renewable sources in-house.

Social Achievements

• Launched various initiatives to support employee well-being, including flexible working models and mental health programs.
• Reduced accident rate to 1.5 accidents per million hours worked (goal was 1.7).
• Implemented over 20 solutions for automating administrative processes in HR management.

Governance Achievements

• Further developed and strengthened the company-wide compliance management system.
• Mandatory compliance training courses taken over 920,000 times.
• Implemented three pilot projects to put a monetary value on the economic, environmental, and social impact of operations.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic.
• Water scarcity in certain regions.
• Reducing scope 3 emissions (upstream and downstream value chain).

Mitigation Strategies

• Implemented extensive measures to contain the economic impact of COVID-19 and secure global supply chains.
• Launched around 50 projects to reduce water withdrawal in water-scarce regions.
• Developed a circular economy strategy focusing on materials used and implemented various measures to reduce CO2 emissions in logistics and product use phase.

Supply Chain Management

Supplier Audits: 1,150 CSR quick scans in 2020; over 1,100 CSR drill-deep assessments since 2011.

Responsible Procurement

• Basic Principles of Social Responsibility at Bosch, Code of Conduct for Business Partners, agreements on quality and corporate social responsibility, policy for conflict raw materials.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, water scarcity

Transition Risks

• Regulatory changes (e.g., ban on internal combustion engines), market shifts

Opportunities

• Electromobility, building technology, energy efficiency improvements

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001 (96% of sites), ISO 50001 (90% of sites), ISO 9001, IATF 16949

Third-party Assurance: Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

UN Sustainable Development Goals

• SDG 2, SDG 3, SDG 4, SDG 5, SDG 6, SDG 7, SDG 8, SDG 9, SDG 11, SDG 12, SDG 13

Bosch products and initiatives contribute to various SDGs through sustainable mobility, resource efficiency, responsible supply chains, and community engagement.

Sustainable Products & Innovation

• Heat pumps, hydrogen boilers, electric drives, e-bike systems, energy-efficient household appliances, SmartGrow Live indoor growing system.

Awards & Recognition

• Finalist of the German Sustainability Award; Green Controlling Award; A rating from CDP for climate action; Outstanding Environmental and Climate Performance Award (China); South Carolina Safety Award (USA); Safety Culture Role Model Enterprise (China); Manufacturing Excellence Award (India).

Environmental Metrics

ESG Focus Areas

• Climate action and energy efficiency
• Circular economy
• Human rights
• Diversity, equity, and inclusion
• Compliance and integrity

Environmental Achievements

• Bosch and its over 400 company locations worldwide have been climate neutral (scopes 1 and 2) since 2020.
• 89 percent of the electricity the Bosch Group consumes worldwide is green.
• Reduced water withdrawal by 21.5 percent compared with 2017 at company locations in regions with water scarcity.
• Saved around 200,000 metric tons of CO₂ since 2019 by switching shipments from air to sea or rail freight.
• Sixty-nine projects at 48 sites save 14,120 metric tons of waste a year.

Social Achievements

• Globally, the proportion of women executives across all management levels within the group rose to 18.4 percent in 2021.
• The Bosch Group donated 27.6 million euros to charitable causes worldwide.
• Administered some 79,000 doses of Covid-19 vaccine in Germany.

Governance Achievements

• Web-based training on the Code of Business Conduct updated as scheduled.
• A comprehensive revision of the Code of Conduct for Business Partners was initiated in 2021.
• 1,044 reports (previous year: 924) were recorded via the whistleblower systems.

Climate Goals & Targets

Environmental Challenges

• Supply-chain disruptions and material shortages.
• Increasingly apparent effects of climate change.
• Tightening legal requirements and regulations (e.g., Act on Corporate Due Diligence Obligations in Supply Chains in Germany, regulations on taxonomy and sustainability reporting at EU level).
• Water scarcity and extreme weather events.
• Shortage of raw materials and changes in the regulatory framework.

Mitigation Strategies

• Actively tackling scope 3 emissions (aiming for a 15 percent reduction by 2030).
• Improving existing measures such as further increasing energy efficiency and minimizing the use of carbon offsets.
• Developing alternative sourcing strategies.
• Implementing risk minimization programs for high-risk raw materials over the next three years.
• Preparing for the new requirements of the EU Corporate Sustainability Reporting Directive (CSRD) and EU taxonomy.

Supply Chain Management

Supplier Audits: 1,400 CSR quick scans and 60 CSR drill-deep assessments in 2021

Responsible Procurement

• Code of Conduct for Business Partners, Terms and Conditions of Purchase, quality and corporate social responsibility agreements, policy for conflict raw materials

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes (e.g., ban on internal combustion engines), market shifts

Opportunities

• Development of energy-efficient products (e.g., heat pumps, eBikes), expansion of renewable energy generation

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, ISO 50001, ISO 45001, IATF 16949

Third-party Assurance: Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 11 (Sustainable cities and communities)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

Bosch products and initiatives contribute to these goals through energy efficiency, renewable energy, sustainable mobility, resource efficiency, and climate action.

Sustainable Products & Innovation

• Heat pumps, hydrogen boilers, eBikes, energy-efficient household appliances, AI-powered wildfire detection sensor

Awards & Recognition

• CDP A-rating for climate action, Europe’s Climate Leaders 2021, Sustainable Business Award 2021 (European Chamber of Commerce in China), Water Conservation and Reuse Award (Brazil), gold trophy for waste management (India), Forbes “World’s Best Employer 2021”, Germany’s best employers, Automotive TopCareer Award, WEP Brazil Award

Environmental Metrics

ESG Focus Areas

• Climate action
• Water stewardship
• Circular economy
• Human rights
• Diversity, equity, and inclusion
• Responsible corporate governance

Environmental Achievements

• Achieved carbon neutrality in scopes 1 and 2 since 2020.
• Reduced scope 3 CO2 emissions by approximately 16 percent since 2018.
• Reduced water withdrawal by 24.2 percent at company locations in water-scarce regions compared to 2017.
• Reduced the carbon footprint of the Bosch Green Collection fridge-freezer combination by more than 33 percent.

Social Achievements

• Launched a global awareness campaign on the Bosch reporting system and whistleblower protection.
• Increased the proportion of women executives to 19.2 percent.
• Donated 27.4 million euros to charitable causes worldwide.
• Reduced the accident rate to 1.62 accidents per 1 million hours worked.

Governance Achievements

• Published an update of the Bosch Group’s Code of Conduct for Business Partners.
• Established a new management system to implement human rights and environmental due diligence obligations.
• Implemented an accompanying IT-based testing and monitoring process for selected business partners.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to climate events and geopolitical factors.
• Shortage of raw materials.
• Changes in the regulatory framework.
• Increasing variety of customer preferences.

Mitigation Strategies

• Developed alternative sourcing strategies.
• Implemented a risk-based approach in supplier selection and assessment.
• Developed a comprehensive risk analysis concept to satisfy due diligence requirements.
• Implemented a new management system for human rights and environmental due diligence.

Supply Chain Management

Supplier Audits: Around 66% of relevant direct materials suppliers assessed in 2022 using various methods (self-declarations, quick scans, third-party audits, drill-deep assessments).

Responsible Procurement

• Code of Conduct for Business Partners
• Terms and Conditions of Purchase
• Risk-based approach to supplier selection and assessment
• Supplier sustainability requirements

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding

Transition Risks

• Regulatory changes
• Market shifts
• Shortage of raw materials

Opportunities

• Development of energy-efficient products and services
• Expansion of renewable energy sources
• Growth in sustainable mobility and building technologies

Reporting Standards

Frameworks Used: GRI, CDP, TCFD

Certifications: ISO 14001, ISO 50001, ISO 45001

Third-party Assurance: Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 11 (Sustainable cities and communities)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

Bosch products and initiatives contribute to these SDGs through various means, including energy efficiency, renewable energy, sustainable mobility, responsible supply chains, and community engagement.

Sustainable Products & Innovation

• Bosch Green Collection fridge-freezer combination
• Electric steam boilers
• Heat pumps
• Hydrogen-ready boilers
• Electric motors for commercial vehicles
• Fuel cell systems
• Hydrogen engines
• BMV080 particulate matter sensor
• Smart Spraying Solution
• IXO 7 cordless screwdriver

Awards & Recognition

• CDP Climate A rating
• Bavarian Energy Award
• Green Manufacturing Award (China)
• CII awards (India)
• Forbes World’s Best Employer 2022
• Digital Communication Award 2022

Environmental Metrics

ESG Focus Areas

• Climate action
• Water
• Circular economy
• Diversity
• Human rights
• Health

Environmental Achievements

• Carbon neutral overall (scopes 1 and 2) since 2020. Residual emissions of roughly 581,000 tons of CO₂ were offset through carbon credits in 2023, a decrease of roughly 136,000 metric tons of CO₂, or 19 percent year-on-year.
• Reduced natural gas consumption at European locations by 20 percent during the heating period.

Social Achievements

• Introduced a worldwide training program for all associates involved in the product development process, focusing on basic knowledge about sustainability along the value chain.
• Reduced the number of workplace accidents to 1,073 in 2023, compared with 1,153 in 2022.

Governance Achievements

• Established an audit committee at the end of March 2023.
• Set targets for the proportion of women in management positions (30.0 percent on the supervisory board and 16.67 percent on the board of management by the end of 2025).

Climate Goals & Targets

Environmental Challenges

• Lack of economic tailwind.
• Changing markets in diverse areas of business (electrification, automation, connectivity, competitive structure, political environment).
• Difficulty in estimating the speed at which trends will take hold.
• Weak global economic environment.
• Weak consumer climate and weak construction and real estate sector.
• Intensifying competition, particularly from Asian competitors.
• Exchange-rate burdens in countries such as China and Turkey.
• Subdued expectations in Home Comfort, as the European heating market is expected to significantly lose momentum.
• Geopolitical tensions, including the war in Ukraine and conflicts in the Middle East.
• Limited availability of electronic components (especially semiconductors), despite improvements in the past fiscal year.
• Risks from fluctuating exchange and interest rates and commodity price risks.

Mitigation Strategies

• Organizational realignment of the Mobility business sector.
• Comprehensive package of measures to lay sound foundations for enduringly greater profitability.
• Rigorous pursuit of long-term strategy.
• Product innovations and modifications, as well as novel services.
• Systematically opening up new business areas.
• Adapting global organization to changing conditions.
• Strengthening competitiveness by improving cost efficiency and revising product strategy.
• Broadening international footprint to achieve a better regional balance.
• Analyzing the structure of supply sources with regard to trade barriers.
• Extensive measures concerning purchasing activities, manufacturing processes, global production network, administration, and sales.
• Strengthening productivity and efficiency in research, development, and product management.
• Greater use of generative AI in software development.
• Overarching, long-term investment strategy for the Mobility business sector.
• Intensive work on cost and structures.
• Strengthening portfolio through acquisitions and partnerships.
• Hedging transactions managed at corporate level.
• Continuous development of export-control organization.
• Close monitoring of milestones and greater consideration of superordinate levels.
• Close monitoring of political developments to adapt to changed framework conditions.
• Balancing business internationally and growing more strongly in under-represented markets.
• Company-wide cybersecurity organization to identify and evaluate potential risks in connection with cyberthreats.

Supply Chain Management

Responsible Procurement

• Implementation of the Act on Corporate Due Diligence Obligations in Supply Chains (“Lieferkettensorgfaltspflichtengesetz”) including a risk management system to ensure human rights and environmental due diligence obligations are upheld.

Climate-Related Risks & Opportunities

Transition Risks

• Emissions standards aimed at complying with climate targets.
• Changes in regulatory policies for the heating market.

Opportunities

• Growth opportunities from the use of heat pumps and renewables in building technology.
• Opportunities in electromobility and fuel cells.

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol Corporate Accounting and Reporting Standard, IFRSs

Third-party Assurance: EY GmbH & Co. KG Wirtschaftsprüfungsgesellschaft

Sustainable Products & Innovation

• Green Collection of cooling appliances using a higher proportion of environmentally friendly materials.
• Next generation of dishwashers with a stronger focus on energy efficiency, CO₂ reduction, and connectivity.
• Electric heat pumps and hybrid heat-pump solutions.