Parent company of AEG and Zanussi, Electrolux Group has published its 2022 Sustainability Report, which reveals the company is three years ahead of its plan.
In 2018, Electrolux Group was one of the first 100 businesses to set its global science-based climate target and it has exceeded its sustainability goals for a third consecutive year.
The latest report also shows the Group is not only one of the first 100 business globally to meet their goals, but is three years ahead of plan.
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Among its successes, the report also highlighted that throughout 2022, Electrolux has reduced its absolute Scope 1 and 2 greenhouse gas emissions by 82%, compared to 2015, beating its 2025 target of 80%.
The company saw a drop in Scope 3 emissions by more than 25% compared to 2015, an improvement of 5% on 2021 and in line with the business’ 25% reduction target by 2025.
Luke Harding, Electrolux UK & Ireland General Manager, commented: “By setting bold science-based targets, companies are able to show their commitment to do their part in keeping global warming below 1.5°C in line with the Paris Climate Agreement.
“I’m extremely proud of the work that we have put in across the last year that has meant we have been able to achieve our climate targets ahead of plan.
“We all have a responsibility to reduce our carbon footprint, and sustainability remains at the forefront of our work”.
The report also covers the company’s progress of its other sustainability targets, relating to consumers and the business, with a focus on the Group’s sustainability framework ‘For the Better 2030’, which launched in March 2020.
Harding continued: “For the Better 2030 continues to drive our business toward climate neutrality and circularity between 2020 and 2030 and across the value chain by 2050.
“The framework consists of our very own climate goals, all of which will help us achieve a ‘Better Company, Better Solutions and Better Living’ within society.”
In relation to the company’s framework, the latest sustainability report highlighted key results across all sections stating 35% of the company’s ocean cargo is transported with more sustainable fuels.
In addition to this, 98% of electricity used in the company’s global operations comes from renewable sources; and recycled plastic is used in 70% of the inner liners of the Group’s new built-in refrigerators.
Finally, the Group has introduced the first vacuum cleaner produced without paint to reduce chemical use, energy, and material impact.
Expanding its reach into the wider community, in 2022, the Electrolux Food Foundation launched a toolkit to give teachers the tools to teach kids about sustainable eating.
To date, the company has reached 88,000 children, globally, educating future generations on how to promote a more sustainable world.
Harding continued: “Not only does our sustainability framework help us maximise our contribution to society, it also flows through each area of our business, and we will continue to adapt our approach to sustainable innovation to meet the needs of future generations.”