Significant earnings improvement across the Group. During the second quarter Electrolux improved its operating income by close to 25%, achieving an operating margin of 6.2%.Read more
Electrolux Head of Sustainability Affairs on new 2020 targets
New targets around recycling, renewable energy and zero landfill have been set for 2020 in the Electrolux Sustainability Report for 2016 released today. In the above interview, Electrolux Head of Sustainability Affairs Henrik Sundström discusses both highlights of the report and the new targets.
Supporting the Electrolux sustainability framework For the Better, the new targets have been set as part of the company’s commitment to cut its carbon footprint by 50% by 2020.
While Electrolux has doubled the amount of recycled plastics used in products compared to two years ago, Sundström outlines the target to increase this use from 7,400 tons in 2016 to 20,000 tons in 2020. To help achieve this, the company will analyze products to see where it can use more recycled materials, and find more suppliers of good recycled plastics.
And to help reduce Electrolux carbon footprint in manufacturing (the company has already reduced its carbon footprint in operations by 50 per cent compared to 2005), a target to introduce 50 per cent renewable energy into operations has also been set for 2020. With two thirds of energy used last year coming from electricity, Electrolux will achieve this by using more renewable energy from wind, solar and hydropower.
Finally, the third target for 2020 is to achieve zero landfill for operations – and the company has four pilot projects in place to develop procedures to eliminate, reuse or recycle waste.
“Sustainability is part of the Electrolux business strategy – it’s a transformational driver for Electrolux and supports the best in class consumer experiences that are core to the Electrolux strategy”, said Sundström.
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