Emissions Reduction

Emissions Reduction

There is no greater threat to our collective future than climate change. This is why we are committed to reducing emissions to net zero across the whole of our value chain by 2040.

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To reach Net Zero by 2040, we will reduce our direct emissions to an absolute minimum, and we will work in partnership with our suppliers to eliminate the 90% of our carbon footprint that results from third parties. Wherever we can’t eliminate emissions entirely, we will mitigate or remove those by investing in other climate protection measures.  But our primary goal continues to be the systematic reduction of emissions. Via an existing, approved science-based target, by 2030 we will reduce our value chain emissions in scopes 1, 2 and 3 by 25%, with a further 50% reduction in the following decade. This commitment is the ultimate destination of a journey that we started many years ago, including Mission 2025. 

Mission 2025 sustainability commitments

  • Reduce direct carbon emissions ratio by 30% vs. 2017;
  • 50% of our refrigerators in customer outlets will be energy efficient;
  • 50% of total energy used in our plants will be from renewable and clean* sources;
  • 100% of the total electricity used in our plants in EU and Switzerland will be from renewable and clean* sources.

* Clean source means CHP.

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Climate change is impacting our direct operations and our value chain through the increased cost of energy, water and raw materials; carbon taxation; water stress; disruption in raw materials and business operations due to severe weather conditions, etc.

Climate change – caused by greenhouse gas (GHG) emissions, emitted from every business and activity – is leading to global temperature increase and extreme weather conditions around the world. Global warming impacts environment and society across our entire value chain: from suppliers to customers and consumers. The UN’s Intergovernmental Panel on Climate Change (IPCC) has highlighted that urgent climate action is needed if we are to limit global temperature increase to 1.5°C. 

We consider emissions reduction a strategic priority, committing to our ongoing investment along the value chain in energy efficiency, renewable and low carbon technologies, while working in collaboration with our suppliers and other partners. We are committed to reduce emissions to net zero across the whole of our value chain by 2040. Read more about it here. This commitment is the ultimate destination of a journey that we have already started many years ago. 

We set our first carbon reduction commitments back in 2006 and since then we have been playing our part in global efforts to tackle climate change. At the beginning of 2016, we were among the first twelve companies globally with approved science-based carbon reduction targets and, since then, our strategy has been in line with the 2015 Paris Climate Change Agreement and the UN Sustainable Development Goals 7 and 13 on Clean Energy and Climate Action.

We have publicly committed to implement the recommendations of the Task Force on Climate-related Disclosure (TCFD), established by the Financial Stability Board (FSB). It will help us become more resilient in tackling climate challenge.