I think it is a PR move - but might be good for us. If there are lots of companies willing to offset their carbon emissions, this creates a market for solutions

I think it is a PR move - but might be good for us. If there are lots of companies willing to offset their carbon emissions, this creates a market for solutions. And if there's a market, then there's a reason to invest in product development (I'm thinking about carbon capture solutions). Same thing with switching to renewable energy. Higher demand pushes prices up and therefore fuels innovation and development of new projects. I don't see this making any difference for the company itself (except the PR benefits and on the negative side the costs). The real benefits come from actually reducing carbon emissions. It is possible we will in the future have something like a carbon tax. If this happens, companies that have already cut their emissions have an advantage. Also, this can start affecting the share prices already earlier as investors will start counting in the possibility of carbon tax happening. Disclaimer: I have no idea how carbon intensive their production is. In some industries, the actual emissions are meaningless and true carbon opportunities/risks lay elsewhere. In the case of Bosch, it might be for example the switch from developing technology for combustion engines to electric cars that has the real effect.