Husqvarna Group - One of the World's Most Sustainable Companies according to TIME and Statista

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Husqvarna Group has been recognized by TIME and Statista as one of the world's most sustainable companies in 2024, ranking 183rd among the top 500. This accolade follows an evaluation of 5,000 leading companies, focusing on emissions, energy consumption, and renewable energy usage. Husqvarna Group has achieved significant milestones, reducing emissions by 51% since 2015 while growing its business by 47%. The company has shifted from petrol to battery-powered products, with 43% electrified as of 2023, aiming for two-thirds by 2026. This recognition underscores Husqvarna's dedication to sustainability and innovation in combating climate change.

STOCKHOLM, July 8, 2024 /PRNewswire/ -- Husqvarna Group has been acknowledged by TIME and Statista as one of the world's most sustainable companies in their 2024 ranking. When TIME and Statista acknowledged the 500 companies Doing best for the Earth in 2024, Husqvarna Group achieved an impressive ranking of 183rd. The recognition follows a rigorous evaluation process that assessed the world's 5,000 leading companies across various sectors. 

To qualify, the companies at the top of the list have signed on to some of the most respected climate programs, including the 1.5°C target from the Science Based Targets initiative (SBTi), and receive high scores from CDP (formerly the Carbon Disclosure Project). TIME and Statista's ranking of the world's most sustainable companies aims to identify organizations making substantial progress in environmental sustainability. The ranking evaluates companies based on a combination of quantitative and qualitative data collected in, among them Scope 1 and 2 emissions and energy consumption relative to company size, emissions reductions, and proportion of renewable energy used by the company's operations.

With more than 90% of its emissions originating from end-users, Husqvarna Group recognizes the critical importance of electrification in reducing its overall carbon footprint:

"Reducing carbon emissions is essential for combating climate change. Our dedication to sustainability drives our innovation and transformation, ensuring we provide low-carbon and resource smart solutions to our customers. Husqvarna Group is proud to be one of the highest-ranked companies in the world, showcasing leadership and dedication to sustainability on a global stage," says Calle Medin, Head of Sustainability at Husqvarna Group.

Husqvarna Group has made remarkable strides in its sustainability journey, reducing its emissions by 51% since the base year 2015, while also achieving a 47% growth in business. The company is actively transforming its business model by shifting from petrol to battery-powered products. As of 2023, 43% of Husqvarna Group's motorized products are electrified, up from 11% in 2015. The Group aims to electrify two-thirds of its motorized products by 2026.

Learn more about the methodology and see the full list of companies here.

For further information, please contact:
Henrik Sjöström, Head of External Communication
+46 727 15 77 85
press@husqvarnagroup.com 

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SOURCE Husqvarna Group

FAQ

What is Husqvarna Group's ranking in TIME and Statista's 2024 list of the world's most sustainable companies?

Husqvarna Group is ranked 183rd in TIME and Statista's 2024 list of the world's most sustainable companies.

When was Husqvarna Group recognized as one of the world's most sustainable companies?

Husqvarna Group was recognized on July 8, 2024.

How much has Husqvarna Group reduced its emissions since 2015?

Husqvarna Group has reduced its emissions by 51% since 2015.

What percentage of Husqvarna Group's motorized products are electrified as of 2023?

As of 2023, 43% of Husqvarna Group's motorized products are electrified.

What is Husqvarna Group's target for electrifying its motorized products by 2026?

Husqvarna Group aims to electrify two-thirds of its motorized products by 2026.

What initiatives has Husqvarna Group committed to in order to qualify for TIME and Statista's sustainability ranking?

Husqvarna Group has committed to initiatives like the 1.5°C target from the Science Based Targets initiative (SBTi) and has received high scores from CDP.

How does Husqvarna Group's sustainability efforts impact its overall business growth?

Husqvarna Group's sustainability efforts have led to a 47% growth in business while significantly reducing emissions.

What is the importance of electrification for Husqvarna Group?

Electrification is important for Husqvarna Group to reduce its overall carbon footprint, as more than 90% of its emissions come from end-users.