Electrolux Group stands out in the Carbon Trust report

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According to Carbon Trust and UN Cool Coalition, Electrolux Group is leading the cooling industry in reducing the climate footprint of its products. The report “Cooling suppliers: a stocktake on the path to Net Zero” provides a snapshot of how the cooling industry is transforming itself to address climate change. “Electrolux Group – explains Paul Huggins, Associate Director, Head of Industrial Decarbonization at the Carbon Trust – stands out as a company that passionately champions sustainability leadership in its business operations. Electrolux Group achieved its place in our ‘Transformers Group’ because of ambitious SBTi verified climate targets that it achieved three years ahead of time, active support for industry collaborations that encourage climate action by the industry and government, and by use of green financing to retool its factories to build more sustainable products”. Since 2019, Electrolux Group has been committed to phasing out high-GWP gases within the Cool Coalition initiative. By the end of 2023, the company had replaced high-GWP gases from 97% of its products containing refrigerants and insulation foams. “We are using green financing to help us transform into a sustainable business, with a current portfolio of SEK 6.8 billion in green assets that meet our criteria to reduce climate impact according to Electrolux Group Green Financing Framework – says Elena Breda, Chief Technology and Sustainability Officer at Electrolux Group –. This green financing is being used to not only replace hydrofluorocarbons (HFCs) with low-GWP gases, but to also improve the energy efficiency of our manufacturing operations by at least 20% and the overall efficiency of our products by at least 15%”.