Bosch Joins Chicago Climate Exchange(R)

Company Known for Providing Sustainable Technology and Services Expands
Commitment in Operations

FARMINGTON HILLS, Mich., July 31 /PRNewswire/ -- Bosch, a leading global
supplier of technology and services, today announced it has become a member of
the Chicago Climate Exchange (CCX(R)), 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 www.boschusa.com.
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).
Corporate Communications
Contact: Chandra Lewis
telephone: 248-876-6731
fax: 248-876-1116
e-mail: chandra.lewis@us.bosch.com
www.bosch.us

SOURCE The Bosch Group

Corporate Communications, Chandra Lewis of The Bosch Group, +1-248-876-6731,
fax, +1-248-876-1116, chandra.lewis@us.bosch.com