STOCK TITAN

Alfa Laval continues to invest in growth and accelerates towards net zero

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Alfa Laval announced at its Capital Markets Day in Italy plans to accelerate its net zero targets for scope 1 and 2 emissions to 2027, three years ahead of schedule. The company projects reaching 100 BSEK in annual sales by 2030, driven by strong growth across its three divisions and increasing demand from global energy transition. The company has expanded production capacity in major geographies and is implementing plans to increase energy efficiency and replace fossil fuels with renewable energy across its operations. Alfa Laval's climate targets, validated by the Science Based Targets initiative, include a 50 percent reduction in scope 3 emissions.

Alfa Laval ha annunciato durante il suo Capital Markets Day in Italia piani per accelerare i suoi obiettivi di zero emissioni nette per le emissioni di ambito 1 e 2 al 2027, tre anni prima del previsto. L'azienda prevede di raggiungere 100 BSEK di vendite annuali entro il 2030, trainata da una forte crescita in tutte e tre le divisioni e da una crescente domanda nella transizione energetica globale. L'azienda ha ampliato la capacità produttiva in importanti aree geografiche e sta attuando piani per aumentare l'efficienza energetica e sostituire i combustibili fossili con energia rinnovabile in tutte le sue operazioni. Gli obiettivi climatici di Alfa Laval, validati dall'iniziativa Science Based Targets, includono una riduzione del 50 percento delle emissioni di ambito 3.

Alfa Laval anunció en su Capital Markets Day en Italia planes para acelerar sus objetivos de emisiones netas cero para los alcances 1 y 2 a 2027, tres años antes de lo previsto. La empresa proyecta alcanzar 100 BSEK en ventas anuales para 2030, impulsada por un fuerte crecimiento en sus tres divisiones y una creciente demanda en la transición energética global. La compañía ha ampliado su capacidad de producción en las principales geografías y está implementando planes para aumentar la eficiencia energética y reemplazar los combustibles fósiles por energía renovable en todas sus operaciones. Los objetivos climáticos de Alfa Laval, validados por la iniciativa Science Based Targets, incluyen una reducción del 50 por ciento en las emisiones de alcance 3.

알파 라발은 이탈리아에서 열린 자본 시장의 날(Capital Markets Day)에서 1 및 2 범위 배출에 대한 탄소 중립 목표를 2027년으로 가속화할 계획을 발표했습니다. 이는 예정된 일정보다 3년 빠른 것입니다. 회사는 2030년까지 연간 판매 100 BSEK를 달성할 것으로 예상하고 있으며, 이는 세 개의 부문에서 강력한 성장과 글로벌 에너지 전환에 대한 수요 증가에 의해 주도됩니다. 알파 라발은 주요 지역에서 생산 능력을 확장하고 있으며, 모든 운영에서 화석 연료를 재생 가능 에너지로 대체하고 에너지 효율성을 높이기 위한 계획을 실행하고 있습니다. 알파 라발의 기후 목표는 Science Based Targets Initiative에 의해 검증되었으며, 3 범위 배출량을 50% 줄이는 것을 포함합니다.

Alfa Laval a annoncé lors de son Capital Markets Day en Italie des plans pour accélérer ses objectifs de zéro émission nette pour les émissions de portée 1 et 2 d'ici 2027, soit trois ans plus tôt que prévu. L'entreprise prévoit d'atteindre 100 BSEK de ventes annuelles d'ici 2030, soutenue par une forte croissance dans ses trois divisions et une demande croissante liée à la transition énergétique mondiale. La société a élargi sa capacité de production dans des zones géographiques clés et met en œuvre des plans pour améliorer l'efficacité énergétique et remplacer les combustibles fossiles par des énergies renouvelables dans toutes ses opérations. Les objectifs climatiques d'Alfa Laval, validés par l'initiative Science Based Targets, comprennent une réduction de 50 % des émissions de portée 3.

Alfa Laval hat auf seinem Capital Markets Day in Italien Pläne angekündigt, seine Netto-Null-ziele für die Emissionen der Kategorie 1 und 2 auf 2027 vorzuziehen, was drei Jahre früher ist als geplant. Das Unternehmen plant, bis 2030 einen Jahresumsatz von 100 BSEK zu erreichen, der durch starkes Wachstum in allen drei Divisionen und die steigende Nachfrage im globalen Energiewandel vorangetrieben wird. Das Unternehmen hat die Produktionskapazitäten in bedeutenden Regionen erweitert und setzt Pläne um, die Energieeffizienz zu steigern und fossile Brennstoffe in seinen Betrieben durch erneuerbare Energien zu ersetzen. Die Klimaziele von Alfa Laval, die von der Initiative Science Based Targets validiert wurden, beinhalten eine Reduzierung der Emissionen der Kategorie 3 um 50 Prozent.

Positive
  • Accelerated achievement of net zero targets for scope 1 and 2 by 2027
  • Projected annual sales growth to 100 BSEK by 2030
  • Strong growth across all three divisions
  • Expanded production capacity in major geographies
Negative
  • None.

LUND, Sweden, Nov. 21, 2024 /PRNewswire/ -- Today Alfa Laval is hosting its annual Capital Markets Day in San Bonifacio, Italy, at one of the company's heat exchanger production sites. The company is presenting an update on its strategic priorities, financial targets and investment plans to secure continued growth. As part of the investments, Alfa Laval announces plans to effectively reach its scope 1 and 2 net zero targets by 2027, three years ahead of the originally announced target year.

Following years of both organic and inorganic growth at Alfa Laval, coupled with significant investments in expanding production capacity and developing innovative solutions and products for the future, Alfa Laval is today presenting plans to secure further growth through technology and footprint investments. Given the pace of growth in Alfa Laval's key markets, in combination with a strong financial position allowing value accretive inorganic growth opportunities, the current assumption is that Alfa Laval will reach 100 BSEK in annual sales by 2030 at the latest.

"We have seen strong growth across our three divisions and during the past years taken action to expand production capacity in all major geographies. The growing demand emerging from the global energy transition will continue to drive our growth towards 2030. Based on current market trends, we expect to reach 100 BSEK no later than 2030," says Tom Erixon, CEO and President, Alfa Laval.

Net zero in scope 1 and 2 by 2027

As part of the priorities made over recent years, significant investments have been made in implementing robust and ambitious plans to address every aspect possible related to achieving net zero targets for scope 1 and 2. The main part of the plans is to increase energy efficiency and replace fossil fuels with renewable energy in processes across divisions and the company's locations around the world.

"In recent years we have proven that the actions and plans we set in motion to reach our scope 1 and 2 net zero targets in our operations enable us to deliver on our targets faster than expected. Today we are happy to announce that we will further increase our efforts and speed up our investment plans, enabling Alfa Laval to reach net zero for scope 1 and 2 in 2027. We are determined to lead the way and be a frontrunner in showing what is possible going towards net zero," says Emma Adlerton, Executive Vice President, Group Affairs, Alfa Laval. 

Alfa Laval's climate targets, validated by the Science Based Targets initiative, were initially to reach net zero for scope 1 and 2 by 2030, and a 50 percent reduction in scope 3 emissions.

Devoted to sustainable growth                                                                                               

Demand is rising for sustainable energy, clean water, food and decarbonized marine transportation. Alfa Laval continuously develops its offering by evolving and expanding its existing technologies and applications, as well exploring emerging technologies. Alfa Laval's growth strategy is deeply rooted and devoted to supporting the global sustainable transformation.

Contacts

Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90
johan.lundin@alfalaval.com

Sara Helweg-Larsen
Head of Communication, Alfa Laval
Mobile: +46 730 35 80 98
sara.helweglarsen@alfalaval.com

This is Alfa Laval   

The ability to make the most of what we have is more important than ever. Together with our customers, we're innovating the industries that society depends on and creating lasting positive impact. Alfa Laval is a leading global provider of first-rate products in the areas of heat transfer, separation and fluid handling. We're set on helping billions of people to get the energy, food, and clean water they need. And, at the same time, we're decarbonizing the marine fleet that is the backbone of global trade.

We pioneer technologies and solutions that enable our customers to unlock the true potential of resources. As our customers' businesses grow stronger, the goal of a truly sustainable world edges closer. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we're pioneering positive impact.

Alfa Laval was founded 140 years ago, has customers in 100 countries, employs more than 22,000 people, and annual sales were SEK 63.6 billion (5.5 BEUR) in 2023. The company is listed on Nasdaq Stockholm. 

About Alfa Laval's scope 1, 2 & 3 targets

The Science Based Targets initiative (SBTi) has validated Alfa Laval's climate targets, ensuring that its climate ambitions are in line with the latest science and will contribute to meeting the 1.5-degree target defined in the Paris Agreement.  

Scope 1 and 2 encompass direct and indirect operational emissions from Alfa Laval, and scope 3 includes both upstream and downstream emissions from the company's value chains.

www.alfalaval.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/alfa-laval/r/alfa-laval-continues-to-invest-in-growth-and-accelerates-towards-net-zero,c4069358

The following files are available for download:

https://mb.cision.com/Public/905/4069358/8e5c23b776208983.pdf

Alfa Laval continues to invest in growth and accelerates towards net zero Alfa Laval press release 20241121

 

Cision View original content:https://www.prnewswire.com/news-releases/alfa-laval-continues-to-invest-in-growth-and-accelerates-towards-net-zero-302312599.html

SOURCE Alfa Laval

FAQ

What is Alfa Laval's (ALFVY) new net zero target date?

Alfa Laval has announced plans to reach net zero for scope 1 and 2 emissions by 2027, three years ahead of their original 2030 target.

What is Alfa Laval's (ALFVY) projected annual sales target for 2030?

Alfa Laval projects reaching 100 BSEK in annual sales by 2030 at the latest.

What were Alfa Laval's (ALFVY) annual sales in 2023?

Alfa Laval reported annual sales of SEK 63.6 billion (5.5 BEUR) in 2023.

ALFA-LAVAL AB UNSP/ADR

OTC:ALFVY

ALFVY Rankings

ALFVY Latest News

ALFVY Stock Data

18.65B
413.33M
0.01%
Specialty Industrial Machinery
Industrials
Link
United States of America
Lund