FUCHS SE receives Global Transition Award

FUCHS SE is the winner of the Global Transition Award 2023, which was presented by Handelsblatt together with its scientific partner right° on October 18, 2023. According to the jury, the world's largest independent supplier of innovative lubrication solutions is one of the pioneering German companies whose climate strategies are driving the transition to a 1.5 °C compliant economy.

This is the second time that FUCHS has received a prestigious sustainability award. After winning the German Sustainability Award 2016 as the most sustainable medium-sized company,  FUCHS has now received the Global Transition Award 2023 in Düsseldorf. The award is presented by Handelsblatt, a renowned German-language business newspaper, together with its scientific partner right° and the other partners Capgemini and Techem. FUCHS is a leader in climate performance, the jury said. The company stands out for its comprehensive reports on all emissions sub-areas, as well as its ambitious target for reducing emissions inside and outside the factory gates (Scope 3 emissions). FUCHS aims to become a net zero company by 2040.

This science-based objective is supported by close cooperation at global and local level. To achieve this, the Group is investing heavily in research & development, defossilization and innovative solutions, and is embedding the changes in a comprehensive strategy process that also places an emphasis on cultural change within the company.

Together with suppliers and industry associations, FUCHS develops standards and measures to quantify and certify sustainability along the entire value chain. The products themselves also enable greater sustainability for customers, both ecologically and economically. Because with FUCHS lubrication solutions, machines and processes in almost all industries and application areas run much more efficiently and save resources.

The Global Transition Award recognizes companies that actively contribute to a 1.5 °C compliant economy. In partnership with the climate tech company right°, the award honors companies that are helping to shape the transition to such a future and thus set a new climate standard in the　German economy. Selected companies are evaluated based on their current and aspired　climate performance and an analysis of their decarbonization strategies. Special recognition is given to companies that not only drive their own transformation, but also provide innovative solutions for others, thus decisively advancing the global transformation towards a climate compliant reorientation.

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