Read our latest Sustainability Report
Approach and progress
Goals and progress
Turning ambition into action
In our work with sustainability, we have set science-based targets to guide our efforts. These targets aim to address our most significant impacts across our value chain.
Our targets relating to Scope 1, 2, and 3 emissions are aligned with climate science and validated by the Science Based Targets initiative (SBTi). They provide us with a clearly defined pathway to reduce emissions in line with the goals of the Paris Agreement on climate change.
To increase accountability and ensure that our sustainability goals can be translated into action, we use a cross-functional governance structure. This gives senior representatives from different functions a shared responsibility for achieving results. Furthermore, progress on some targets is also linked to executive compensation.
Reducing our own carbon footprint
We have halved our Scope 1&2 emissions since 2020, and our target is to achieve a 100% reduction by 2030.
We take a systematic approach to decarbonising our operations, investing in renewable energy and energy efficiency with a focus on our most energy-consuming production sites. This includes replacing gas-fired boilers with boilers fuelled by waste wood from our sites and investing in on- and off-site PV installations.
In 2023, we achieved 100% documented renewable electricity across the VELUX Group.
60% reductionFrom 2020 to 2024, we have achieved a 60% reduction in our Scope 1&2 emissions.
100% renewableWe have 100% documented renewable electricity across the VELUX Group through our solar PV renewable power purchase agreements, on-site solar PV plants, and the purchase of renewable electricity certificates.
Working with suppliers across our value chain
In the VELUX Group, more than 98% of our carbon footprint relates to Scope 3 emissions and comes from outside our own operations, the majority from the materials used in our products.
We are working to increase the share of lower-carbon materials that have a high recycled content. Through partnerships and collaborations with suppliers, we have already been able to reduce carbon emissions from the steel and aluminium used in our products.
We ask our suppliers to report data on their emissions using the CDP model, a reporting and disclosure platform. We also actively promote the Science Based Targets initiative and encourage our suppliers to set emission reduction targets in line with science.
33 suppliersAt the end of 2023, 33 of our suppliers have set targets under the Science Based Targets initiative.
72% reportingIn 2023, 126 of our direct-material suppliers reported their environmental data, representing at least 72% of our Scope 3 emissions.
3 partnershipsWe have established three partnerships on low-carbon materials.
Building an inclusive workplace
We aim to foster a Diverse, Equitable, and Inclusive (DEI) workplace that enables everyone to thrive. We believe everyone has the right to be treated fairly, regardless of their background, culture, or experience.
Building a more diverse and inclusive company will support our overall progress and innovation objectives. Part of our work to build an inclusive workplace is to increase the representation of underrepresented groups and increase the number of women in management positions.
31% women in managementIn 2024, 31% of management were women. This is an increase of 3 percentage points from 2023.
35% women in senior managementIn 2024, 35% of senior management were women. This is an increase of 3 percentage points from 2023.
100% recyclable, zero-plastic packaging
To make our packaging easier to recycle in one waste stream, we are transitioning to a single material solution developed from responsibly sourced paper and cardboard. This provides high protection for our products and is easier to dispose of. The new packaging material is now used for most roof windows and flashings in all European countries.
An ongoing focus on safety
As a production company, we have a strong focus on safety and an overall vision of zero accidents. To achieve this, we are making efforts to spread safe working practices across all areas of the business, raise awareness, and promote behavioural change towards greater safety in all our workplaces.
Our accident-reporting systems provide data that we can use to learn and drive preventative initiatives that can reinforce our safety performance.
2030 targets
To keep us on track towards a vision of zero accidents, we have set a goal to have less than one accident per one million working hours.
Our target is to have less than 0.2 lost working hours per 1000 working hours due to accidents.
Achieving more together
To limit climate change and help stop the biodiversity crisis, we must activate collaboration across all sectors of society. We partner with many different groups – from customers and suppliers to business organisations and climate networks – to create learnings and drive change. Explore a selection of our sustainability-related memberships and alliances: