International. Assa Abloy released its new 2020 Sustainability Report. During 2015-2020, the Group announced that it successfully completed its sustainability program and exceeded most health and safety, energy, water and material efficiency targets while reducing waste generated.
The company has established an ambitious new sustainability program for 2025. The new programme builds on the momentum and progress of the Group's successive five-year sustainability programmes. The new programme has raised the level of ambition across all indicators and complements Assa Abloy's long-term climate commitment to halve emissions by 2030 and reach net zero by 2050.
"Sustainability is vital for economic and industrial development and is a strategic priority for Assa Abloy. Overall, I am proud of the progress we have made on sustainability, compared to our 2020 targets. While we still have a lot to do, we are on a journey, and our ambitious new targets for 2025 and the long-term climate commitment to halve our emissions by 2030 and be net zero by 2050 will be our roadmap," said Nico Delvaux, President and CEO of Assa Abloy.
Sustainability Program 2020-2025
Operations
-25% carbon footprint - absolute
-25% Energy intensity (MWh / SEK M)
-25% Water intensity (m3 / SEK M)
-25% Hazardous waste intensity (kg / SEK M)
-50% intensity of organic solvents (kg / SEK M)
100% ISO 14001 -% certified sites in the scope of reports
Supply management
95% Supplier sustainability audits (% of direct material expenditure in identified risk countries)
95% Code of Conduct for Business Partners (% of direct and indirect material expenditure)
People
-33% Injury rate (number of injuries per million hours worked)
-33% Injury lost days rate (number of injury-related days lost per million hours worked)
30% Gender diversity (% of women in management positions)
The reference year for the new targets is 2019, as 2020 is not a representative year due to the Covid-19 pandemic.
Commitment to the Science Based Targets initiative
In October 2020, Assa Abloy announced that the Group is committed to setting science-based targets to further substantially reduce greenhouse gas emissions across the value chain. The Group will set targets that are aligned with the Paris Agreement, limiting global temperature rise to 1.5°C, halving emissions by 2030 and reaching net zero by 2050.
