Small steps around the world contribute to the goal of 100% green electricity by 2030

You shouldn’t have to wonder if your lubricants and processes are contributing to a more sustainable world. It’s why we shared our three sustainability goals last fall, and it’s why we’re excited to launch a three-part blog series about each goal.

Kicking off the series is our already achieved Goal #1: Use 50% green electricity by 2025. 

Since green electricity is almost CO2-neutral, it’s a significant way to achieve climate neutrality. The good news is that we’ve already exceeded this goal – 72% of our electricity consumption uses green electricity – and we’ve updated it with a commitment to use 100% high-quality green electricity at our production sites by 2030. 

A few ways our operations around the world are doing this are by:

  • Purchasing green electricity
  • Generating their own energy through solar panels
  • Committing to Power Purchase Agreements (PPAs) where available. A PPA is limited outside the EU, but guarantees that only energy through renewable sources like solar, wind, and hydropower is purchased through the supplier. These PPAs actually fund the construction of new green power plants, and it comes with the economic benefit of buying electricity cheaper than before and with a contractual price guarantee. It’s a win-win that more and more offices are taking advantage of.
  • Purchasing GOOs (Guarantee of Origin certificates) which, in the EU, guarantees a specific amount of power is produced at a specific plant. It offsets emissions so that CO2 emissions can be mathematically reduced to 0.
  • Using 100-percent renewable wind energy in our New Hampshire facilities.

After all, we don’t want what we manufacture today to damage our tomorrow – and we know you don’t, either. You can trust that we won’t stop taking new steps every day to move toward a healthier world and be the global citizens you expect us to be. 

Look for our next blog in the series, which will be all about our progress toward Goal #2: Decrease CO2 emissions by 75%.

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