Electrolux Receives EU Sustainable Energy Award Feb 5, 2007

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Electrolux received the Sustainable Energy Award in Corporate Commitment Category from the European Commission. The award recognizes the appliance company's efforts to reduce energy consumption of products, factories and services. The award is part of the EC's Sustainable Energy Europe 2005-2008 initiative, which aims to increase public awareness for renewable energy, energy efficiency, clean transport, and alternative fuels.

Electrolux President and CEO Hans Stråberg cited the group's continuous development of energy-efficient appliances, and said the energy efficiency of Electrolux major appliances improved by about 40 percent in the last decade.

"We believe that incentive programs across Europe to stimulate the replacement of older appliances with new, energy-efficient ones could significantly impact CO2 emissions," said Stråberg. "We estimate that there are about 200 million appliances that are more than 10 years old currently in use in European households. By replacing these, we could cut CO2 emissions by some 22 million tonnes per year, corresponding to 6 percent of the EU's Kyoto target."
 

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