The Electrolux Group announced it set two new ambitious targets to reduce greenhouse gas emissions. This effort is in support of the Paris climate agreement. Both approved by the Science Based Targets initiative, thereby making Electrolux one of the first 100 companies to join this collaboration against climate change.
Most noteworthy, Electrolux has committed to reducing its greenhouse gas emissions. They expect to cut from operations by 80%. Also, cutting emissions from products by 25% by 2025 (base year 2015).
These targets, reviewed and approved by the Science Based Targets initiative. This is a collaboration between many organizations. First off, the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF). Hence, this helps companies decide a pathway to reduce emissions. Also, it’s in line with the Paris Agreement’s goals. Those goals are limiting global warming to well below 2°C above pre-industrial levels.
Seems as if the company is very proud. To be part of the Science Based Targets initiative is big. These are ambitious climate targets for 2025. So they are strengthening their commitment as a sustainability leader. This came from Jonas Samuelson, Electrolux President and CEO. “This is a natural addition to our target for an overall 50% reduction of carbon emissions from 2005 to 2020.”
Seems like they will meet their targets by driving product efficiency. Thereby, eliminating high-impact greenhouse gases from products. Also, they focus on renewable energy sources for operations. Most important they aim to increase the share of those sources to 50% by 2020.
Alberto Carrillo Pineda, Director, Science-Based Targets and Renewable Energy at CDP, said: “We applaud Electrolux for setting a science-based target, being one of the companies to help take the initiative over the 100 approved targets mark. By taking this step, they are not only climate-proofing their operations, but also helping reduce emissions for the millions of customers served by the company through their products. Therefore, this shows what widespread impact global corporations can have in leading the way to a low-carbon future.”
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