Release date -13022024

Electrolux Group has once again been recognized for its leadership in performance and transparency on climate change.

Electrolux Group is one of the few companies to have been awarded an 'A', out of more than 21,000 companies evaluated*.

CDP's annual environmental disclosure and scoring process is a widely recognized measure of companies' strong environmental transparency. The NGO holds the world's largest environmental database and its scores are widely used to support investment and procurement decisions towards a zero-carbon, sustainable and resilient economy. In 2023, more than 740 financial institutions with assets of more than $136 trillion required companies to disclose their data on environmental impacts, risks and opportunities through the CDP platform.

'This is a fantastic achievement and a recognition of the commitment of everyone at Electrolux Group. Each of us contributes to reducing our impact on the climate, from using less energy in our industrial operations, to designing and selling more efficient products. But we can't do it alone, and we need to continue to collaborate across the value chain,' says Elena Breda, Chief Technology & Sustainability Officer.

'Earning a place on the A list doesn't just mean you've made it to the rankings, it indicates that there is comprehensive, high-quality data that gives companies a holistic view of their environmental impact, serves as the basis for transition plans, and - crucially - enables them to pursue their ambitions,' says Sherry Madera, CEO of CDP.

Electrolux Group continues to work to address climate change and recently announced its second science-based climate target to reduce greenhouse gas emissions in products and industrial operations, in support of the Paris Climate Agreement. The new target, which comes after the Group achieved its previous science-based target three years ahead of plan, aims to reduce direct and indirect emissions from its industrial activities (Scope 1 and 2) by 85% between 2021 and 2030 (a reduction of 97% compared to 2015). The goal is also to reduce absolute Scope 3 emissions (use of products sold, materials, transportation of products and business travel) by 42% between 2021 and 2030.

CDP is an international non-profit organization that operates a global disclosure system aimed at investors, companies, cities, states and regions to manage their environmental impact. Thousands of companies submit climate information annually to CDP, which independently evaluates it based on its scoring methodology. To learn more, visit https://www.cdp.net/en/scores

Source: * Based on data reported in CDP's 2023 Climate Change Questionnaire.

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