Ambitious Greenhouse Gas Emissions 'Commitment Approved by Science Based Targets Initiative

Ambitious Greenhouse Gas Emissions 'Commitment Approved by Science Based Targets Initiative

STOCKHOLM, Feb.9, 2017 /PRNewswire/ Husqvarna Group is the first Swedish listed company and the world's first forest and garden company, to have its greenhouse gas emission reduction targets approved by theScience Based Targets Initiative.

The Science Based Target Initiative works with companies to set ambitious emission reduction targets, consistent with the global effort to keep temperature increases well below 2C, one of the key goals of the 2015 Paris Agreement on climate change.The initiative is a collaboration of The World Wide Fund for Nature (WWF), UN Global Compact, CDP and World Resources Institute (WRI).

The Husqvarna Group has committed to reduce its greenhouse gas emissions intensity by 10 percent across the company's value chain by 2020 from a base year of 2015. The absolute greenhouse gas emissions will be reduced by 33 percent by 2035, also from a base year of 2015.*

"Our greenhouse gas reduction targets are ambitious, measurable and now also independently approved. We aim to reduce our emissions throughout the value chain from our suppliers to the use of our products. Delivering on these targets not only strengthens our business, it delivers value to employees, customers and investors alike. Setting the targets and getting approval by the Science Based Targets initiative, demonstrates that we're serious and committed to contributing to a low-carbon future," says Kai Wrn, CEO and President of Husqvarna Group.

Lila Karbassi, Chief, Programmes, UN Global Compact, one of the Science Based Targets initiative partners says:

"Husqvarna Group has recognized the opportunity and the imperative to be part of the transition to the low-carbon economy. By having their ambitious target approved, they now have a clearly defined pathway to cut their emissions and this will help future-proof their growth. Other companies that have set targets have seen benefits including increased innovation, reduced regulatory uncertainty, strengthened investor confidence and improved profitability and competitiveness. We encourage other companies to follow Husqvarna's lead."

Husqvarna Group willreduce greenhouse gases across the value chain by:

Product use

Shift from petrol to battery products

Innovative solutions for efficiency improvement of petrol driven products

Transportation

Production close to customer & direct distribution

Efficient transportation by optimized packaging

Manufacturing

Waste reduction through a lean operating system

Utilizing renewable electricity and/or own generated energy by solar panels

Sourcing

Embedding the TOP 150 suppliers into the Groups CO2 program to ensure full value chain impact

For more information, please contact
sa Larsson, Global Media and Sustainability Manager
Phone: +46 8 738 90 80
Email: asa.larsson@husqvarnagroup.com

*Husqvarna AB commits to reduce scope 1 and scope 2 emissions 30% per unit of value added by 2020 from a 2015 base-year. In addition, the company commits to reduce scope 3 emissions 10% per unit of value added within the same timeframe (purchased goods and services, transportation, and product use emissions). This is a milestone in the long-term goal to reduce absolute scope 3 emissions from the use of their products 33% by 2035 from a 2015 base-year."

Husqvarna Group
Husqvarna Group is a world-leading producer of outdoor power products for garden, park and forest care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a world leader in cutting equipment and diamond tools for the construction and stone industries. The Group's products and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo, Zenoah and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries. Net sales in 2015 amounted to SEK 36 billion and the Group has more than 13,000 employees in 40 countries.

About the Science Based Targets initiative
The Science Based Targets initiative champions science-based target setting as a powerful way of boosting companies' competitive advantage in the transition to the low-carbon economy. It is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC) and one of the We Mean Business Coalition commitments. The initiative defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies' targets.
www.sciencebasedtargets.org
@sciencetargets

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Press release (PDF)

SOURCE Husqvarna AB

Ambitious Greenhouse Gas Emissions 'Commitment Approved by Science Based Targets Initiative

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