Decarbonisation
Our decarbonisation commitments
We are committed to reducing emissions from our own operations and our value chain. To guide our work, we have established emissions reduction targets for our own operations and value chain that are aligned with climate science and validated by the Science Based Targets initiative (SBTi).
Our initiatives include:
- Reduce our operational (Scope 1&2) GHG emissions by 100% from 2020 levels by 2030
- Halve our value chain (Scope 3) emissions from 2020 levels by 2030
- By 2030, reduce our energy intensity by 56% compared with 2015 baseline
Where we are today
Reducing our value chain emissions
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 have identified and are working with several decarbonisation levers in order to reduce the embodied carbon footprint of our products. We are working to increase the share of materials that are lower carbon and have a higher recycled content. Through partnerships and collaborations with suppliers, we have already been able to reduce carbon emissions from steel and aluminium used in our products.
Reducing our own emissions by 2030
By 2030, we have committed to reducing our emissions from production and operations by 100% compared with 2020 levels. To achieve this, we are transitioning to renewable energy, focusing on energy efficiency across all our sites, and transitioning to electric vehicles.
Furthermore, we have entered into renewable power purchase agreements enabling two new solar plants in southern Spain. The solar parks will produce enough power to cover the equivalent of all VELUX Group European operations and about 90% of our current global electricity consumption.
As reported in our Sustainability Report 2023, we concluded that a 100% reduction is currently not possible from a technical point of view. We are looking into the most efficient way to address our remaining emissions.