Science Based Targets: Electrolux Group meets targets
Electrolux Group is one of the first companies in the world to join the Science Based Targets initiative and meet the targets it sets. In doing so, the Swedish household appliance manufacturer is helping to keep the limit on global warming set in the Paris Agreement below 1.5°C. In Switzerland, too, partnerships such as the commitment to "Madame Frigo" contribute to greater sustainability.
In contrast to setting climate targets using the conventional method (potential-based targets), SBTs (science-based targets) identify the reduction in greenhouse gas emissions a company needs to achieve in order to keep global warming below 1.5°C as agreed in the Paris Agreement. For the Electrolux Group, a target has been set to reduce all direct and indirect operational CO2-emissions (Scope 1 and 2) by 80% and emissions from product use (Scope 3) by 25% compared to 2015. In 2022, the Electrolux Group succeeded in achieving the set targets three years in advance. Scope 1 and Scope 2 emissions were reduced by 82% and Scope 3 emissions by more than 25% compared to 2015.
Leading in sustainability thanks to science-based targets
"We had set ourselves ambitious climate targets and are now among the first companies worldwide to achieve them. This proves that we are a leader in sustainability. But our work doesn't stop there. We are continuously working to make our business operations climate-neutral by 2030," says Peter Barandun, CEO of Electrolux Switzerland.
In order to reduce its environmental footprint, the company relies on renewable energies and continuously optimizes operational processes in all business areas. Thus, 98% of the electricity consumed worldwide comes from renewable sources. In addition, the Group has its own photovoltaic plants in seven countries. And the circular economy is also steadily gaining in importance: for example, the interior linings of the new 70% built-in refrigerators are made of recycled plastic. In addition, 55% of all Electrolux Group plants, including the Swiss logistics center in Mägenwil, are "Zero Waste to Landfill" certified. This means that nearly 98% of total production waste is either recycled or recovered.
Local commitment to a more sustainable diet
Electrolux not only develops solutions that enable a more sustainable life, but also initiates a social dialogue. As an Official Partner of the non-profit association "Madame Frigo", the company sets an example against food waste in Switzerland. In the jointly conducted awareness campaign, attention was drawn to the problem and consumers were given useful tips on how to avoid foodwaste.
Source and further information: Electrolux Group
