Electrolux (Stockholm) published its annual Sustainability Report for 2013, and announced a new goal to cut the group's CO2 impact in half by 2020 (compared to 2005 levels).
The report focuses on how the appliance maker's business strategy and approach to sustainability are intertwined.
“At Electrolux we want to deliver smarter, more resource-efficient solutions to more people around the world,” Keith McLoughlin, President and CEO of Electrolux, said in the report. “To make this kind of positive difference every day, sustainability has to be fully embedded across our organization and right at the core of our business strategy. I’m convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.”
Electrolux said its biggest environmental impact come from the carbon dioxide emitted as appliances are used. Top management priorities will be on addressing energy constraints, maximizing product efficiency, and reducing carbon emissions.
The new carbon target—to halve the climate impact by 2020 compared to 2005—will cut greenhouse gases from approximately 50 to 25 million tonnes in four key areas:
• product use
• elimination of gases with high global warming potential
The report also reviews the group's sustainability strategy, which is now in its fourth year. The report also includes an illustrated overview of the group’s value chain.
The report also focuses on human rights, and describes how the company is working harder to align recent acquisitions—including those in Egypt, the Ukraine, and Chile—to group standards.
to Daily News