Climate change is one of the most serious and complex challenges facing the world and, according to scientific research, it constitutes the world’s most urgent environmental risk.
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.
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 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.
Emissions reduction is one of the six main pillars in our Mission 2025 sustainability commitments. By 2025 we will:
- Reduce emission intensity in our direct operations by 30% vs. the baseline of 2017;
- Help our customers reduce their emissions: 50% of our total refrigerators in customer outlets will be energy-efficient models;
- Source 50% of the total energy we use in manufacturing plants from renewable and clean energy sources;
- Reach our target of 100% renewable and clean electricity in our manufacturing plants in the EU and Switzerland.
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.