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      February 07, 2024

      Continental Receives Top Marks for Contribution to Climate Change Mitigation

      Hanover, February 7, 2024. Continental has been awarded the top rating from international organization CDP for its leading role in climate change mitigation. The technology company has for the first time been included in the annual A list for its transparency and performance in relation to climate change. This makes Continental one of the few companies to achieve an “A” in the area of climate change mitigation.

      “As a leading technology company, we are committed to transparency and making an active contribution to global climate change mitigation,” says Ariane Reinhart, Executive Board member for Human Relations and Sustainability. “The recognition from CDP underscores our great commitment and speaks to the vigorous implementation of our measures. This success is a great motivation to drive forward innovative solutions for a sustainable future.”

      Each year, international non-profit organization CDP assesses the climate data of companies on behalf of investors and scores them on a scale from A to D-. Last year, more than 740 financial institutions with assets under management of around $136 trillion called on around 23,000 companies to disclose their environmental data. The results of the CDP ranking provide investors with an important basis for decision-making.

      “The A score from CDP officially proves that we have set the right targets and measures to contribute to the 1.5°C pathway of the Paris Agreement. Climate change is a major challenge, and Continental is part of the solution,” says Thomas Sewald, head of Group Environmental & Climate Protection.

      Continental has been taking part in the most important environmental ranking for 12 years. Last year, the technology company achieved an “A-” in the area of climate change mitigation. Since the end of 2020, Continental has powered its production facilities entirely with renewable electricity. The company aims to achieve carbon neutrality in production by 2040 and in its entire value chain by the end of 2050.