EQS-News: FUCHS SE receives Handelsblatt “Lighthouse Tribute” – Further honor at the Global Transition Award for continuous climate performance

Mannheim, January 30, 2025 – As part of the current Global Transition Award, FUCHS SE was honored with the “Lighthouse Tribute” on January 29, 2025. This tribute is awarded to previous winners who continuously demonstrate their ongoing development towards 1.5°C alignment – a special recognition by the jury.

The Global Transition Award recognizes companies that actively contribute to a 1.5°C-compliant economy and thus set a new climate standard in the German economy. It was presented for the third time since 2022 by Handelsblatt, a renowned German-language business newspaper, together with its scientific partner right° and its partner Capgemini. FUCHS SE, the world's largest independent provider of innovative lubrication solutions, had already been recognized in 2023 for its leadership in climate performance.

“This success was no flash in the pan – now the expert jury has certified the continuity of our commitment to climate neutrality as part of our FUCHS2025 transformation program,” says Stefan Fuchs, Chairman of the Executive Board. The company is vigorously pursuing its goal of reducing operational emissions (Scope 1 and Scope 2 emissions) and emissions from the value chain (Scope 3 emissions). FUCHS has made great strides in this area since 2011. From 2021 to 2023, for example, FUCHS was able to reduce Scope 1 and 2 emissions by 20%.

FUCHS aims to become a net zero company by 2050. For operational Scope 1 and 2 emissions, the goal is to achieve net zero by 2040. To this end, the Group is investing heavily in research and development, defossilization and innovative solutions. The jury believes that the lubricants specialist's intensive research activities and collaborations with international partners also strengthen the company's credibility and innovative strength.

“Net zero will only become a reality if the entire value chain is designed to be emission-free. We are focusing intensively on the areas where we can exert direct influence and communicating clearly and transparently the contribution that our partners along the value chain need to make,” emphasizes Dr. Sebastian Heiner, FUCHS Executive Board member and CTO.

Decisive steps have been taken in the area of operational Scope 1 and Scope 2 emissions: By the end of 2025, FUCHS plans to convert all sites worldwide to 100% green electricity – a significant milestone on the road to a more sustainable future. In 2023, 52% of FUCHS electricity consumption was already covered by green electricity. FUCHS expects this rate to increase significantly again in 2024. The further electrification of processes (e.g. heat generation for manufacturing processes) and the company's own vehicle fleet are also on the agenda.

In terms of Scope 3 emissions, the focus is on the gradual conversion from fossil-based raw materials to recycled and bio-based raw materials. “The Advanced Circular Technology (ACT) program from FUCHS - creating a circular value chain without compromising on performance - is the most important tool for reducing emissions and is central to achieving net zero,” says CTO Heiner. In Europe, FUCHS has already switched all of its own plastic packaging for the automotive sector to 100% recycled material. The company is also proud to have redeveloped the premium products in the TITAN range using renewable raw materials, which leave a smaller carbon footprint while maintaining the same performance. This has enabled FUCHS to take a major step forward on its own path to climate neutrality.

FUCHS SE
Public Relations
Einsteinstraße 11
68169 Mannheim
Telefon +49 621 3802-1104
E-Mail: tina.vogel@fuchs.com

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Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS

Founded in 1931 as a family business in Mannheim, FUCHS is now the world's largest independent supplier of innovative lubrication solutions, covering almost every industry and application. Today, the company's 6,200 employees in over 50 countries still share the same goal: to keep the world moving both sustainably and efficiently. To live up to this claim, we think in terms of perfection, not merely standards. When developing individual solutions, we enter into an intensive customer dialogue – acting as an experienced consultant, innovative problem solver and reliable team partner. In 2023, the high-tech company generated revenue of EUR 3.5 billion with 33 production sites and 55 operating companies.