Raw: [
Home appliance manufacturer Electrolux announced today that it has set a new science-based climate target […]]
Electrolux Sets Science-Based Goals to Reduce Emissions from Products, Operations – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
Companies/ Environment
Electrolux Sets Science-Based Goals to Reduce Emissions from Products, Operations
Mark Segal
January 11, 2024
Home appliance manufacturer Electrolux announced today that it has set a new science-based climate target to reduce greenhouse gas emissions across its value chain, including in its products and operations.
The new target has been approved by the Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change. The company’s previous science-based targets, which included goals to reduce Scope 1 and 2 emissions by 82%, and Scope 3 product use emissions by 25% by 2025, on a 2015 basis, were achieved three years ahead of schedule.
Under the new target, Electrolux aims to reduce the company’s Scope 1 and 2 direct and indirect emissions from its own operations by 85% and to reduce the Group’s absolute scope 3 emissions, including use of sold products, materials, transport of products and business travel, by 42% between 2021 and 2030.
Electrolux Group CEO Jonas Samuelson said:
“We’re very proud to have our second science-based climate target approved at the end of 2023 by the Science Based Targets initiative after achieving our first science-based target three years ahead of plan. We’re focused on keeping up our momentum to drive climate action throughout our value chain.”
Electrolux Group was one of the first 100 companies in the world to set a climate target approved by the Science Based Targets initiative in 2018. With the new scope 1 and 2 goal, Electrolux Group is targeting a 97% emission reduction in operations by 2030 compared with 2015.
Elena Breda, Chief Technology and Sustainability Officer at Electrolux Group said:
“The new science-based target will bring us close to zero emissions in operations by 2030, despite the challenging global economic outlook and some manufacturing processes to be addressed together with our suppliers. As approximately 85% of the global climate impact of an appliance is generated when it is in use, therefore by offering resource and energy efficient products is where we can have the greatest positive climate impact and our scope 3 target supports our work on this.”
Mark Segal
Related Posts
Companies /
BCG Signs Carbon Removal and Consulting Agreement with 1PointFive
Environment /
ADNOC Acquires 10% Stake in Carbon Capture Developer Storegga
Companies /
Whirlpool Adds Onsite Wind and Solar at U.S. Plants
‹ BCG Signs Carbon Removal and Consulting Agreement with 1PointFive
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Iberdrola Secures €300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets
ABN AMRO Appoints Tanja Kramer as Head of Sustainable Impact Fund
Pattern Energy Closes $11 Billion Financing for Massive U.S. Clean Energy Project
Iberdrola Signs €5.3 Billion Credit Line with Rates Tied to Climate, Diversity Goals
Government
Former UK Conservative Energy Minister Resigns over Government Plan for New North Sea Oil & Gas Licenses
Canada Consults on Launch of New Federal Plastic Registry
Canada Finalizes Regulation Requiring 100% Zero Emission New Car Vehicle Sales by 2035
Biden Administration Proposes Strict Requirements to Qualify for Clean Hydrogen Tax Credit
Categories
Select Category
Business Wire
ESG News
Analysis
Climate
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy