Faurecia selects KPMG as its advisor for onsite renewable electricity production
Faurecia, one of the world’s leading automotive technology companies, selects KPMG, the leader in audit and advisory services, as its partner for on-site power purchase agreements advisory services. Under this partnership, Faurecia will benefit from KPMG’s expertise to prepare, execute and implement its solar panel equipment program across all facilities, worldwide.
End of 2019, Faurecia has defined an ambitious plan to become CO2 Neutral for its internal emissions by 2025. The installation of solar panels in Faurecia premises is a step on this journey. As Faurecia will delegate the installation and the operation of these renewable electricity production assets to third parties (“developers”), KPMG will advise and support Faurecia to identify and contract the right developers.
Produce renewable electricity on our sites is part of our efforts to meeting our 2025 objective to become CO2 neutral for our direct emissions. With a global coverage and a capacity to produce a target of 100 MWp through solar panels installed in our facilities, we will be producing on site as much as technically possible.
We are delighted to support Faurecia’s ambitious CO2 Neutrality plan as we design and implement the Group’s global on-site PPA program. Our global practice called IMPACT focuses on helping clients achieve their decarbonization goals. Being next to Faurecia in this journey is a pride as both our organizations are driving a necessary change for the planet.
Beyond its CO2 Neutrality ambitions for 2025 & 2030, Faurecia aims for full CO2 neutrality by 2050, including the use phase of its products. These targets are aligned with the 1.5°C ambition of the Science Based Target initiative.