Sustainability Report 2020

PDF of legal annual report with financial statements.

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Sustainability In Brief

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The world in which we operate is constantly changing due to the influence of global megatrends, which create challenges for our business – but also bring about enormous opportunities. Our sustainability framework – For the Better – helps us manage these global megatrends, and ensures we contribute toward international sustainable development objectives such as the UN Sustainable Development Goals.

Global megatrends

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Global demographic trends – such as population growth, the growing middle class, an aging population and urbanization – are increasing the demand for home appliances, which puts more pressure on natural resources. By 2035, another billion people are expected to buy their first refrigerator.

Implications for Electrolux

  • Significant growth potential in emerging markets.
  • Continued need to improve the environmental performance of products.
  • Growing importance of the silver-haired consumer group and the increasing number of smaller households.
  • Potential for new business models, e.g. shared ownership.

Resources & planetary boundaries

There is growing concern among various stakeholders that humans are causing irreversible damage to the planet’s fragile systems, and that there is an urgent need to reduce greenhouse gas emissions and adapt to a changing climate. There is also a pressing need for businesses to work within planetary boundaries by developing ‘circular business’ models that promote resource efficiency, cleaner chemistry and waste reduction.

Implications for Electrolux

  • Continued need to improve the environmental performance of products.
  • Pressure to reduce water consumption in areas with water scarcity.
  • Competition for some metals and minerals.
  • Growing importance of the circular economy.
  • Expectations to go beyond chemical legislation.

Technology & digitalization

New technologies are scaled rapidly and globally, with purchasing decisions increasingly influenced by online information and social media. The Internet of Things (IoT) promises to connect billions of products in the near future.

Implications for Electrolux

  • Greater consumer empowerment and awareness requires transparency and sustainable business practices.
  • Digitalization will drive the next wave of operational efficiency, including closer integration with suppliers.
  • Connectivity offers opportunities for new business models that result in better resource efficiency.
  • IoT enables a lifelong relationship between producers and consumers but requires high standards of data security and privacy.

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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

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