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Bosch North America

Bosch Joins Chicago Climate Exchange®

Company Known for Providing Sustainable Technology and Services Expands Commitment in Operations
FARMINGTON HILLS, Mich., July 31, 2008 – Bosch, a leading global supplier of technology and services, today announced it has become a member of 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. In joining, 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.

In addition to this initiative, Bosch has long been committed to developing energy-efficient products and technologies in the renewable and clean energy space. In 2007, more than 40 percent of the company’s R&D expenditure was directed at products that help to protect the environment and conserve natural resources. Many appliances, systems, and components from Bosch contribute directly to protecting the environment and conserving resources by reducing the demand for energy, using renewable energies, avoiding energy waste, allowing the use of alternative fuels, and reducing emissions.

“Bosch is deeply committed to environmental stewardship and developing innovative, renewable energy technologies that save energy and reduce CO2 emissions,” said Peter Marks, Chairman, President and Chief Executive Officer, Robert Bosch LLC. “By joining CCX and reducing our greenhouse gas emissions, we are further demonstrating this commitment which is at the heart of Bosch’s core philosophy.“

“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.”

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 272,000 associates generated sales of over 46 billion euros (over $63 billion) in fiscal 2007. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.”

In North America, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial automation and mobile products, power tools and accessories, security technology, thermo-technology, packaging equipment and household appliances. Bosch employs approximately 25,000 associates in more than 80 locations throughout the U.S., Canada and Mexico, with reported sales of $9.5 billion in fiscal 2007. For more information on the company, visit

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 worlds 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).

Bosch Joins Chicago Climate Exchange® - July 2008


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