COD Compagnie De Saint-gobain

TIDMCOD

RNS Number : 1190N

Compagnie de Saint-Gobain

20 September 2023

SAINT-GOBAIN SIGNS A NEW MAJOR RENEWABLE ELECTRICITY SUPPLY AGREEMENT IN NORTH AMERICA

Saint-Gobain has signed a 15-year renewable electricity supply agreement (Power Purchase Agreement or PPA) with TotalEnergies for the purchase of solar power for its 125 industrial sites in North America (United States and Canada).

This 100 MW PPA, known as the Danish Fields Solar Project (Danish Fields), is expected to offset Saint-Gobain's North American CO(2) emissions from electricity (scope 2 emissions) by 90,000 Metric Tons per year. The project is expected to come online by the end of 2024.

Commenting on this agreement, Mark Rayfield, CEO of Saint-Gobain North America, said: "With this agreement, Saint-Gobain North America will further reduce its CO(2) emissions, demonstrating how fast the manufacturing industry can transform when long term solutions are at hand. This renewable energy project is a new milestone on the way to meeting Saint-Gobain's commitment to reduce scope 1 and 2 CO(2) emissions by 33% by 2030 - compared to 2017 - and to reach carbon neutrality by 2050."

Danish Fields is the third PPA signed in North America by Saint-Gobain. The first PPA , with the Blooming Grove Wind Farm in Illinois, was signed in 2021, and the second , with Cottonwood Bayou Solar Project in Texas, was signed in 2022. The three projects combined are expected to represent a reduction of more than 70% in Saint-Gobain North America's scope 2 emissions, compared to 2017 levels.

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".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about the Group, visit www.saint-gobain.com and follow us on X @saintgobain

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGRPPUQABUPWGAU

(END) Dow Jones Newswires

September 20, 2023 11:57 ET (15:57 GMT)

Compagnie De Saint-gobain (LSE:COD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Compagnie De Saint-gobain (LSE:COD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024