Husqvarna Group is the first Swedish listed company and the world’s first forest and garden company, to have its greenhouse gas emission reduction targets approved by the Science Based Targets Initiative.
The Science Based Target Initiative works with companies to set ambitious emission reduction targets, consistent with the global effort to keep temperature increases well below 2°C, one of the key goals of the 2015 Paris Agreement on climate change. The initiative is a collaboration of The World Wide Fund for Nature (WWF), UN Global Compact, CDP and World Resources Institute (WRI).The Husqvarna Group has committed to reduce its greenhouse gas emissions intensity by 10 percent across the company’s value chain by 2020 from a base year of 2015. The absolute greenhouse gas emissions will be reduced by 33 percent by 2035, also from a base year of 2015.
“Our greenhouse gas reduction targets are ambitious, measurable and now also independently approved. We aim to reduce our emissions throughout the value chain – from our suppliers to the use of our products. Delivering on these targets not only strengthens our business, it delivers value to employees, customers and investors alike. Setting the targets and getting approval by the Science Based Targets initiative, demonstrates that we’re serious and committed to contributing to a low-carbon future,” says Kai Wärn, CEO and President of Husqvarna Group.
Lila Karbassi, Chief, Programmes, UN Global Compact, one of the Science Based Targets initiative partners says:
“Husqvarna Group has recognized the opportunity – and the imperative – to be part of the transition to the low-carbon economy. By having their ambitious target approved, they now have a clearly defined pathway to cut their emissions and this will help future-proof their growth. Other companies that have set targets have seen benefits including increased innovation, reduced regulatory uncertainty, strengthened investor confidence and improved profitability and competitiveness. We encourage other companies to follow Husqvarna’s lead.”
Husqvarna Group will reduce greenhouse gases across the value chain by: Product use
Shift from petrol to battery products
Innovative solutions for efficiency improvement of petrol driven products
Transportation
Production close to customer & direct distribution
Efficient transportation by optimized packaging
Manufacturing
Waste reduction through a lean operating system
Utilizing renewable electricity and/or own generated energy by solar panels
Sourcing
Embedding the TOP 150 suppliers into the Group´s CO2 program to ensure full value chain impact – Press release
