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4-Traders Homepage  >  Equities  >  Xetra  >  Man SE    MAN   DE0005937007

MAN SE (MAN)

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MAN AG : 2012-04-23, MAN commits to clear climate target

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04/23/2012 | 11:41am CET

2012-04-23

MAN will be playing a significant role in CO2 reduction: it intends to reduce its own CO2 emissions at MAN sites by 25 percent worldwide by 2020 (baseline: 2008). This mandatory target is set out in the Climate Strategy, which is part of MAN's Corporate Responsibility Strategy. It is presented in detail in the new 2011 MAN Corporate Responsibility Report, which meets the highest reporting level (A+) of the Global Reporting Initiative (GRI) for the first time.



By concentrating on the two fields of transportation and energy, MAN is focusing on precisely those products and services that significantly influence climate change. The new MAN Climate Strategy has now been adopted to contribute to the reduction of global CO2 emissions. "We can only meet our responsibility and seize business opportunities at the same time if we have clear and binding targets. After all, climate protection and cost effectiveness belong together: efficient, low-emission production and products minimize emissions and cut costs," explains Dr. Georg Pachta-Reyhofen, Chief Executive Officer of MAN SE.


In order to define and translate the climate targets, an MAN Climate Expert Team has developed five core initiatives. To cut CO2 emissions at the sites, renewable energy sources will be used, among other things, and comprehensive energy management will be introduced. At the MAN Truck & Bus plant in Steyr, the waste heat from engine test beds is already used to heat production halls, for example. In addition to cutting CO2 emissions at its sites, positioning efficient products with low emission values is also important to MAN.


MAN has defined key performance indicators to monitor and manage implementation of the entire Climate Strategy. The information will be collected and reported on a regular basis. "MAN wants to be recognized as one of the industry players to have dealt with the challenges of climate change the best by 2020," says Yvonne Benkert, Head of Corporate Responsibility for MAN SE.
MAN's 2011 Corporate Responsibility Report was fully checked by a firm of auditors for the first time. It is available on the Internet at www.man.eu/MAN/en/CR/.

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Financials (€)
Sales 2016 13 560 M
EBIT 2016 400 M
Net income 2016 85,0 M
Debt 2016 -
Yield 2016 3,22%
P/E ratio 2016 80,56
P/E ratio 2017 40,45
Capi. / Sales 2016 1,03x
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Joachim Gerhard Drees Chairman & Chief Executive Officer
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