Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 December 1, 2015 - 2:02 PM EST
Print Email Article Font Down Font Up
Danfoss Joins White House's American Business Act on Climate Pledge

Emphasizing Its Commitment to a Sustainable Energy Future and Climate Action, Danfoss Pledges to Continue Its Focus on Improving Energy Efficiency and Reducing CO2 Emissions

BALTIMORE, MD--(Marketwired - December 01, 2015) - Danfoss, a leading manufacturer of high-efficiency components and controls for air-conditioning, heating, refrigeration, industrial, and water systems, today announced its commitment to supporting action on climate change as part of the U.S. White House's American Business Act on Climate Pledge. By signing the pledge, Danfoss joins more than 140 other U.S. companies in voicing support for a strong outcome to the COP21 Paris climate negotiations.

As part of the American Business Act on Climate Pledge, Danfoss emphasizes its commitment to reducing its climate impact by expanding existing efforts to improve energy efficiency in its buildings and manufacturing processes around the world and increase its utilization of low-carbon energy resources. This includes a 50 percent reduction by 2030 of the energy intensity of its buildings and processes compared to 2007 levels, and a 50 percent reduction by 2030 of the CO2 intensity of consumed energy compared to 2007.

Danfoss has already taken significant measures to help reduce the impact of its buildings and operations, and, thus, is making progress in achieving this pledge. Between 2007 and 2014, the company's net sales increased by 55 percent, whereas its energy consumption, compared to sales, dropped by 29 percent. Typically, the energy-saving projects being deployed reduce energy consumption required for building operations by 25-30 percent. The savings are primarily obtained through the optimization and control of the buildings' heating, air-conditioning, and ventilation systems using Danfoss' own products.

"Danfoss is committed to creating a sustainable energy future," said Mark Menzer, director of public affairs, Danfoss. "We laud the White House's efforts and the leadership of the companies represented in the Pledge in taking action toward a low-carbon, sustainable future. Not only does improving energy efficiency and reducing emissions directly impact the environment, but a low-carbon economy also boosts economic growth and resiliency."

Danfoss CEO urges climate deal that generates jobs, growth

Last week, Danfoss President and CEO Niels B. Christiansen joined a coalition of 78 CEO climate leaders from around the world facilitated by the World Economic Forum to urge world leaders to reach an ambitious climate deal that will generate jobs and growth.

"Hastening the shift to a low-carbon economy in an economically sustainable manner will generate growth and jobs in both the developing and developed world. Delaying action is not an option -- it will be costly and will damage growth prospects in the years to come. The CEO climate leaders call on government leaders and policy makers to align on global measures, to be consistent in policy-making and to develop helpful innovation frameworks," the coalition said in its published statement.

Danfoss engineers solutions that help customers reduce their energy footprint with a strong return on investment. Its proven technologies are used around the world to help reduce energy use and carbon emissions in intensive and critical processes, such as cooling of buildings, preserving food supply, optimizing industrial manufacturing, and delivering clean, potable water.

For more information, please read the White House's Fact Sheet on the American Business Act on Climate Pledge:

Related links:

Danfoss engineers technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply, energy efficiency and climate-friendly solutions. Our products and services are used in areas such as refrigeration, air conditioning, heating, motor control and mobile machinery. We are also active in the field of renewable energy as well as district heating infrastructure for cities and urban communities. Our innovative engineering dates back to 1933 and today Danfoss is a world-leader, employing 24,000 employees and serving customers in more than 100 countries. We are still privately held by the founding family. Read more about us at

Image Available:

Source: Marketwired (Canada) (December 1, 2015 - 2:02 PM EST)

News by QuoteMedia