Bosch, a supplier of technology and services, announced it has become a member of the Chicago Climate Exchange (CCX), a North American 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 stated that it 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, according to the company.

"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. "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."