Sustainability Report 2019

PDF of legal annual report with financial statements.

Download PDF
Sustainability In Brief

PDF version of this site.

Download PDF

Electrolux introduced a green bond framework to fund climate investments and other environmental initiatives. In addition, the company updated its pension asset management approach to address climate-change related risks and opportunities in a future, low-carbon emission society.

Green bonds are a new way to fund our sustainability initiatives. Proceeds will be used to finance or refinance projects covered by the environmental areas of the Electrolux sustainability framework, For the Better.

This can include investments in R&D to improve the energy or water efficiency of appliances, development of recycled materials, elimination of refrigerants with high greenhouse warming potential and increased use of renewable energy at Electrolux factories, for example, through the installation of solar panels.

“We believe this framework will be of particular interest to the market, as our green bonds focus on industrial and R&D projects, which have significant potential to enable us to reduce our climate impact,” says Therese Friberg, Chief Finance Officer, Electrolux Group.

To enable investors and other stakeholders to follow the development of Electrolux green bond issuance and how the green bond proceeds are used, the Group publishes an annual Green Bond Impact Report.

The framework has been developed in alignment with the Green Bond Principles 2018, with projects eligible for funding defined to support the UN Sustainable Development Goals and the Paris Climate Agreement. The framework has been independently evaluated by the Center for International Climate Research (CICERO).

Sustainable pension schemes 

Electrolux recognizes climate change as an urgent and potentially irreversible threat to the planet. The consequences represent a significant financial risk for the Group’s pension schemes, which impact the long-term returns of our pension assets.

The framework for Electrolux defined benefit schemes started in 2018, recognizing sustainability and climate change risks in the Group's investment guidelines.

"Adding sustainability requirements for our pension assets enables us to mitigate the financial risks resulting from a changing climate and to make sure our employees' pensions are managed sustainably," says Martin Bendixen, Group Treasurer.

Each pension scheme is required to set a process to manage the financial risks related to climate change. Setting a strategy for identifying and accessing sustainable investment opportunities is also assessed.


Electrolux is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people around the world, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our brands, including Electrolux, AEG and Frigidaire, we sell approximately 60 million household products in approximately 120 markets every year. In 2019 Electrolux had sales of SEK 119 billion and employed 49,000 people around the world.

S:t Göransgatan 143

SE-105 45 Stockholm, Sweden

Terms & Conditions 2019