ASSA ABLOY publishes its Sustainability Report 2023

Rhea-AI Summary

ASSA ABLOY publishes Sustainability Report 2023, showing significant reductions in carbon emissions, water intensity, waste intensity, and injury rate. The company remains committed to ambitious sustainability targets for 2025 and beyond.

Positive

• ASSA ABLOY reduced absolute carbon emissions by 23% against the 2019 baseline.
• Water intensity decreased by 51% and waste intensity by 25% in 2023.
• Injury rate was reduced by 20% compared to previous years.
• The company aims to halve absolute Scope 1 & 2 carbon emissions and reduce Scope 3 emissions by 28% by 2030.
• 246 Environmental Product Declarations were verified and published by the end of 2023.

Negative

• None.

STOCKHOLM, March 11, 2024 /PRNewswire/ -- ASSA ABLOY, the global leader in access solutions, has today published its Sustainability Report 2023. During the year, the Group continued to make good progress on its sustainability program and targets to 2025. 

In 2023, against the 2019 baseline, ASSA ABLOY reduced its absolute carbon emissions (Scope 1 & 2) by 23%, its water intensity by 51%, waste intensity by 25% and the injury rate was reduced by 20%.

"Our dedicated teams across the organization continued to implement focused projects, ensuring we are on a good path to realizing our 2025 targets," says Nico Delvaux, President and CEO ASSA ABLOY. "We are committed to delivering on our ambitious Science Based Targets (SBT), to halve our absolute Scope 1 & 2 carbon emissions and reduce absolute Scope 3 carbon emissions by 28% by 2030. Our long-term commitment to sustainability will provide significant opportunities to reduce our costs, reduce our climate risk, and to develop more sustainable solutions to meet our customers' needs," Nico Delvaux concludes. 

Sustainability program improvements 2023 versus 2022

• The injury rate decreased by 25%
• The Group's total absolute Scope 1 & 2 carbon emissions decreased by 4%
• The water intensity decreased by 18%
• By the end of 2023 the Group had 246 Environmental Product Declarations verified and published.

ASSA ABLOY's Sustainability Report with detailed information about the Group's sustainability program can be found on: www.assaabloy.com/group/en/sustainability

For more information, please contact:

Charles Robinson, VP & Head of Sustainability, tel. no: +353 8 770 985 83
Björn Tibell, VP & Head of Investor Relations, tel. no: +46 08-506 485 73

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

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

https://news.cision.com/assa-abloy/r/assa-abloy-publishes-its-sustainability-report-2023,c3943536

The following files are available for download:

https://mb.cision.com/Main/7333/3943536/2659424.pdf	Press release (PDF)
https://news.cision.com/assa-abloy/i/sustainabilityreport2023,c3276806	SustainabilityReport2023

 

View original content:https://www.prnewswire.com/news-releases/assa-abloy-publishes-its-sustainability-report-2023-302085137.html

SOURCE ASSA ABLOY

FAQ

How much did ASSA ABLOY reduce its absolute carbon emissions by in 2023?

ASSA ABLOY reduced its absolute carbon emissions by 23% against the 2019 baseline.

What was the reduction percentage in water intensity for ASSA ABLOY in 2023?

Water intensity decreased by 51% in 2023 for ASSA ABLOY.

What is ASSA ABLOY's long-term commitment regarding carbon emissions reduction?

ASSA ABLOY aims to halve its absolute Scope 1 & 2 carbon emissions and reduce Scope 3 emissions by 28% by 2030.

How many Environmental Product Declarations did ASSA ABLOY have verified and published by the end of 2023?

By the end of 2023, ASSA ABLOY had 246 Environmental Product Declarations verified and published.