It is certainly no disadvantage for us that all countries are now committed to developing tougher regulations for climate protection as a result of the change in public awareness. We welcome these developments. Ultimately, any step taken to protect the environment and conserve resources reduces the risk of uncontrollable changes, helps promote a system of sustainable management, and counters the public’s fears for the future. Indeed, in some countries political bodies consult us when they want to sound out the technical feasibility of standards. For example, we advised SEPA, the Chinese Environmental Protection Agency, on the introduction of emissions regulations for vehicles.
The increase in binding regulations is also leading to rapid growth in the worldwide market for environmental technologies. Supplying a suitable solution for each country presents us with a business opportunity. Customers and investors are calling for greater transparency when it comes to actions taken to protect the environment and measures to limit greenhouse-gas emissions. If, as predicted, environmental aspects play a major role in corporate strategy and company value in the next five years, Bosch stands to benefit from the megatrend of environmental protection.
