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COMPAGNIE DE SAINT-GOBAIN

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Real-time Euronext Paris  -  11:35 2022-06-24 am EDT
43.25 EUR   +3.10%
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Compagnie de Saint Gobain : Saint-Gobain Romania and ENGIE Romania sign a partnership to build the largest on-site photovoltaic park in Romania

05/19/2022 | 11:52am EDT

ENGIE Romania will thus contribute to Saint-Gobain Romania's decarbonisation efforts by developing an on-site renewable energy park and supplying green energy. Saint-Gobain is consolidating its position as an innovation-oriented world leader in the construction market, contributing to the reduction of CO2 emissions not only by providing solutions for energy-efficient buildings, but also consistently reducing its emissions in manufacturing. The ground-mounted photovoltaic panels will provide around 20% of the energy needed for the glass plant in Călărași, avoiding more than 2,400 tons of CO2 per year. The amount of the renewable energy produced is estimated at more than 14,000 MWh/year.

In a dynamic and volatile energy market, this on-site renewable energy project is a sustainable solution that allows for cost predictability while significantly reducing the carbon footprint.

"The partnership with Saint-Gobain is another step towards consolidating our expertise in offering tailor-made green solutions to our customers. We are very happy to have been chosen by Saint-Gobain, an iconic industrial player resolutely committed to the reduction of CO2 emissions, to be part of their green journey", declared Eric Stab, CEO of ENGIE Romania."For Saint-Gobain, sustainability is one of our top priorities and this investment is a further step in achieving our environmental objectives in Romania, substantially contributing to the reduction of our carbon footprint, in line with our Grow & Impact strategic plan, which underlines our firm commitment to protect existing resources and achieve carbon neutrality by 2050. We hope that this initiative will be an example to follow for the entire industry that is already making efforts towards environmentally friendly practices and we are confident that we will further strengthen our purpose of making the world a more sustainable place to live in by taking concrete actions,"said Ovidiu Păscuțiu, CEO of Saint-Gobain Romania.

At a global level, the Saint-Gobain Group is committed to reduce carbon emissions by 33% until 2030 as compared to 2017, and numerous programmes and measures are already in place to support this objective, such as setting an internal carbon price for both investments and R&D projects. This approach has been applied to guide all operational decisions towards low carbon generation and to address the Group's purpose - "Making the World a Better Home".

As a leader in low-carbon energy systems, ENGIE set the stage by accelerating the transition towards a carbon-neutral economy. The company aims to support its clients in their energy transition, with a target of 45Mt CO2-eq per year and has set the goal of reaching Net Zero Carbon by 2045.

Disclaimer

Compagnie de Saint Gobain SA published this content on 19 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2022 15:51:04 UTC.


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Sales 2022 48 641 M 51 309 M 51 309 M
Net income 2022 2 983 M 3 146 M 3 146 M
Net Debt 2022 6 533 M 6 891 M 6 891 M
P/E ratio 2022 7,55x
Yield 2022 4,68%
Capitalization 22 542 M 23 779 M 23 779 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,54x
Nbr of Employees 167 816
Free-Float 90,4%
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Last Close Price 43,25 €
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Benoît Bazin Chief Executive Officer & Director
Sreedhar Natarajan Chief Financial Officer
Pierre-André de Chalendar Chairman
Benoit d'Iribarne Senior VP-Technology & Industrial Performance
Armand Ajdari Vice President-Innovation, Research & Development
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