Posted to News on 12th Mar 2024, 14:30
The advantages of choosing ‘Made in Europe’ products
The choice to invest in products Made in Europe' brings advantages that are often overlooked, with PEM highlighting the elimination of exposure to the Carbon Border Adjustment Mechanism (CBAM) duty in particular.
Notably, these European products adhere to strict ethical and environmental guidelines, promoting safety and eco-friendly production methods. Supporting European manufacturing not only boosts local economies and preserves jobs but fosters innovation and champions sustainability efforts, aligning with eco-conscious consumer priorities.
One key advantage lies in the transparency of sourcing and manufacturing processes within Europe, for Europe. This transparency not only enhances consumer confidence but also reduces carbon footprints due to shorter transportation distances. This aspect is particularly significant as it aligns with concerns about climate change and, additionally, prevents exposure to the Carbon Border Adjustment Mechanism (CBAM) duty.
In the current climate of heightened environmental responsibility, PEM announces its readiness for CBAM a climate measure designed to address the risk of carbon leakage, ensuring equivalent carbon pricing for imports and domestic (EU) products subjected to carbon costs under the EU ETS.
Mary Ann Fleming, president of PennEngineering EMEA, states: At PEM Europe, we embrace CBAM as an opportunity to further our dedication to sustainable production, fostering innovation, and contributing to a cleaner future for generations to come. We've seen and solved 80 years of fastening challenges.
By choosing PEM products, customers are not only assured of the highest quality and reliability but are also contributing to a sustainable and environmentally responsible future.
