Bosch Rexroth is now participating with the Chicago Climate Exchange
||Leading global supplier now part of cutting edge exchange program to help reduce gas emissions
(Hoffman Estates, IL – www.boschrexroth-us.com) – Bosch Rexroth, a leading global supplier of products, systems and services for drive, control and motion technologies, announced it is participating in the Chicago Climate Exchange® (CCX®), the world’s first and North America’s only voluntary, legally binding greenhouse gas emissions reduction, registry and trading program. The company is participating with CCX through its parent organization, the Bosch Group.
As part of the Bosch Group and CCX initiative Bosch Rexroth will be helping to reduce greenhouse gas emissions. Overall, Bosch has committed to achieve a six percent reduction in greenhouse gas emissions at its U.S. operations by 2010, from a baseline of the company’s average greenhouse gas emissions in the year 2000.
“As a local company, we are pleased to participate in the Chicago Climate Exchange,” said Berend Bracht, president and chief executive officer of Bosch Rexroth in North America. “We are looking forward to working with CCX in this initiative. Bosch Rexroth is aware of current environmental concerns in the industrial sector and we are excited to be part of the solution to this important issue that affects all of us.”
“Bosch is a pioneer in the world of energy efficiency and sustainability – its CCX membership establishes it at the forefront of market-based climate change mitigation,” said Dr. Richard Sandor, chairman and chief executive officer of CCX. “We are proud to welcome Bosch to CCX and look forward to their contribution to the evolution of this organization.”
In addition to this initiative, Bosch Rexroth has long been committed to developing energy-efficient products and technologies used in the renewable and clean energy space. For example the company’s electric, hydraulic, pneumatic and linear motion products are used in areas ranging from wind energy, trash-to-energy and solar power production, to energy reduction and efficiency improvement programs on the factory floor.
Bosch Rexroth AG, part of the Bosch Group, achieved sales of approximately $7.4 billion (5.4 billion Euros) in 2007 with nearly 33,000 employees. Under the brand name of Rexroth the company offers all drive and control technologies, from mechanics, hydraulics and pneumatics to electronics and associated service. Over 500,000 customers worldwide utilize Rexroth’s unique technological know-how to implement their innovative and future-oriented systems and machine concepts. The global player, represented in over 80 countries, is an extensive supplier of components and systems for industrial and factory automation and mobile applications. Visit www.boschrexroth-us.com for more information.
Chicago Climate Exchange is an Exchange whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX, which began trading in 2003, is the world’s first and North America’ only legally binding, rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and mitigation, including offset providers and offset aggregators, and located throughout the United States. CCX members derive from all sectors of the global economy, including the public sector, and emissions reductions being achieved through CCX by major utilities, corporations, cities, states and counties, are the only reductions in North America being achieved through a legally binding compliance regime, subject to independent third party verification provided by FINRA and price transparency. The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine in 2002 for his founding of CCX, and in 2007 as the “father of carbon trading.”
Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the Chicago Climate Exchange, is a CFTC designated contract market which offers standardized and cleared futures and options contracts on emission allowances and other environmental products. In 2005, CCX launched the European Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by Climate Exchange plc, a publicly traded company listed on the AIM division of the London Stock Exchange (CLE.L).
For more information, please contact
Bosch Rexroth Corporation
5150 Prairie Stone Parkway
Hoffman Estates, IL 60192
Telephone (847) 645-3728
Fax (847) 645-3728
Godfrey Public Relations
40 North Christian Street
Lancaster, PA 17602
Telephone (717) 393-3831 ext. 133
Fax (717) 393-1403