Apu Gosalia, industry expert adviser and partner in sustainability strategy, discusses whether climate neutrality is possible for lubricant companies as well as how these companies can meet their sustainability goals now and in the future.
“A climate-neutral lubricant player is a role model!” said Apu Gosalia. He elaborated: “At the very least, the preparation of an annual CO2 balance will soon gain the same importance in large, medium-sized and even small lube companies as the financial balance sheet already has.”
To Gosalia, lubricant companies with an established CO₂ balance (i.e. a corporate carbon footprint, or CCF), calculated according to a de-facto standard by a certified sustainability institution, give companies the correct tools to meet the requirements of their customers, the capital market, politics, society and the demands of the younger generations, while at the same time realizing the potential talents of the lubes industry.
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Is a climate-neutral lubricant company an illusion?
Gosalia: On the contrary, a climate-neutral lubricant company is not an illusion but rather an institution—a role model! At the same time, it is a strategic goal that companies and organizations operating in the lubes industry must strive for and achieve, as the success of lube players is no longer judged by purely economic criteria. Ecological factors must be considered, too. What is an illusion, however, is the term “emission-free company.”