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Strong focus to reduce greenhouse gas emissions

We have a target of a 70% reduction in greenhouse gas intensity in our scope 1 and 2 emissions by 2028 from a 2020 baseline, and we proactively work to implement initiatives that support us in reaching this target.

One of the initiatives is to install solar panels on several of our Operating Business Units (OBUs). Currently, several projects are in process, e.g. the implementation of solar panels on the factory rooftop of our electronics factory in Bangkok.

“We expect our solar system to be installed by the end of Q2, 2024. With this additive source of renewable energy, we expect to reduce our electricity dependency to the grid by up to 27% compared to 2023. This is an important step in reducing our carbon footprint and providing a greener manufacturing option for our customers,” says Bjorn Fiskers, MD at GPV Electronics TH, and continues:

“The installation of the solar panels is currently progressing according to plan. We have now received the 79 pallets of solar panels. Assembly and installation will be initiated in the beginning of June 2024 and the solar panels are expected to be functional in the beginning of July 2024.”

Ongoing projects with solar panels

On 6 May 2024, we were handed the keys to an additional 7,000 sqm to our current 15,000 sqm electronics factory in Thailand. The additional 7,000 sqm comes from the refurbishment of our previous mechanics factory, which is located in the same building as our electronics facilities. During the refurbishment, the roof of the factory has been replaced to be able to support the solar panels.

Apart from the solar panels at our electronics facility in Thailand, we have just finalised the installation of solar panels at our electronics factory in Suzhou, China, and are also working on installing solar panels at our electronics factory in Sri Lanka. Furthermore, a solar panel project at our mechanics site in Thailand will soon be initiated and is expected to be up and running in Q4 2024.

Read more about our environmental initiatives in the GPV extract of the ESG report from our owners Schouw & Co.

Pallets with solar panels ready to be installed on the roof of Electronics TH

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