Compagnie de Saint-Gobain Power Purchase Agreement (6659Z)

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RNS Number : 6659Z

Compagnie de Saint-Gobain

15 September 2022

SAINT-GOBAIN SIGNS A MAJOR RENEWABLE ELECTRICITY SUPPLY AGREEMENT IN POLAND

Saint-Gobain has signed a renewable electricity agreement (Power Purchase Agreement) with Tion Renewables AG (currently being renamed from Pacifico Renewables Yield AG), the German wind and solar power producer.

The 15-year agreement will run from 2025 and cover around 45% of Saint-Gobain Poland's electricity needs.

"This power supply agreement is an important milestone for Saint-Gobain in Poland. It will contribute to a significant reduction in our CO(2) emissions, in line with the Group's commitment to achieve carbon neutrality by 2050", explains Joanna Czynsz-Piechowiak, CEO of Saint-Gobain Poland.

It will enable a reduction in CO(2) emissions of 135,000 tons per year, i.e. nearly 20% of Saint-Gobain's scope 1 and 2 emissions in Poland and a 4% reduction in Saint-Gobain's scope 1 and 2 CO(2) emissions in Europe.

The PPA foresees the purchase of approximately 190 GWh of wind energy annually. This is equivalent to supplying about 100,000 European homes with renewable electricity each year. The total capacity of the wind farms is equivalent to circa 52 MW spread over three sites and 20 wind turbines.

This announcement illustrates how Saint-Gobain is stepping up the pace on its carbon neutrality roadmap and comes in the wake of the recent endorsement by the Science Based Targets initiative[1] of the Group's commitments to reduce CO(2) emissions by 2050.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME".

EUR44.2 billion in sales in 2021

166,000 employees, locations in 76 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

[1] A collaboration between CDP, the UN Global Compact, the World Resource Institute (WRI), and the World Wildlife Fund (WWF), and one of the commitments of the We Mean Business coalition, the Science Based Targets initiative defines and promotes best practices in science-based target setting and independently evaluates and approves corporate targets to accelerate the transition to a low-carbon economy.

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September 15, 2022 12:20 ET (16:20 GMT)