ASSA ABLOY’s climate targets validated as science-based


ASSA ABLOY, the global leader in access solutions, has received validation from the Science Based Targets Initiative (SBTi) for the company’s emissions reduction targets.

STOCKHOLM, November 16, 2022 /PRNewswire/ — In 2020, ASSA ABLOY launched ambitious sustainability goals to significantly reduce its greenhouse gas emissions across the entire value chain, including halving absolute emissions by 2030 and reaching net zero no later than 2050. The SBTi has now ratified that ASSA ABLOY’s emissions reduction targets are in line with requirements to limit global warming to 1.5°C, which is consistent with the latest climate science and the Paris Climate Agreement.

“Sustainability will be vital for economic and industrial development in the decades to come. ASSA ABLOY is committed to halving CO2 emissions2 emissions from our own operations (Scope 1 and 2) by 2030. In addition, we will reduce the footprint of our broader value chain, including raw materials, logistics and products, by 28% by 2030, thereby setting our Scope 3 footprint. We will reach net zero no later than 2050,” says Nicolas Delvaux, Chairman and CEO of ASSA ABLOY. “The ratification of our goals by SBTi demonstrates our ambition to lead our industry towards a more sustainable future.”

“We have strong plans in place to reduce our energy consumption by implementing our manufacturing footprint program and energy efficiency measures at our most energy-intensive sites. This, combined with increased use of renewable energy, will help us achieve our 50% reduction target from a 2019 baseline. However, over 98% of our total CO2 emissions in the wider value chain are in our Scope 3 footprint. ASSA ABLOY is committed to reducing its Scope 3 emissions by 28% by 2030. This will be achieved through concrete initiatives to use raw materials more efficiently, use low-carbon materials and develop more sustainable solutions,” says Charles RobinsonDirector and Head of Sustainable Development, ASSA ABLOY.

About the Science Based Targets initiative

The Science Based Targets initiative mobilizes businesses to set science-based targets and strengthen their competitive advantage in the transition to a low-carbon economy. It is a collaboration between the CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the commitments of the We Mean Business Coalition.

For more information please contact:

Charles Robinson, director and responsible for sustainable development, tel. no: +353 877 098 583, e-mail [email protected]
Björn Tibell, Head of Investor Relations, tel. no.: +46 70 275 67 68, Email: [email protected]

About ASSA ABLOY

The ASSA ABLOY Group is the world leader in access solutions. The Group operates worldwide with 51,000 employees and sales of 95 billion Swedish crowns. The Group holds leading positions in areas such as efficient door opening, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people discover a more open world.

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SOURCEASSA ABLOY

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