Fagerhult Group's Targets Approved by SBTi - Smart Energy Decisions

Commercial, Energy Efficiency, GHG Emissions  -  October 27, 2023

Fagerhult Group's Targets Approved by SBTi

The Fagerhult Group's near-term and long-term targets were validated and approved by the Science Based Targets initiative (SBTi). 

The long-term target to become science-based net-zero is set to no later than 2045 for the lighting fixtures company.

The company plans to focus on improving energy efficiency to reach its  climate goals. Lighting accounts for up to 15% of global energy consumption, and by using the latest smart lighting solutions, users can potentially reduce energy consumption by up to 90%. 

"We are very proud to have our targets validated and approved by the Science Based Targets initiative. This validation reaffirms our unwavering commitment to addressing climate change and ensures that our actions are grounded in science as well as consistent with the goals of the Paris Agreement. We will follow up and report on our progress continuously in a transparent way," said Bodil Sonesson, CEO and President  of Fagerhult Group, in a statement. "We see a lot of innovative solutions and new materials across the Group, but we also know that we need to focus even more on the use phase and smart lighting. Almost 90% of our emissions originate from the products being used.”

The Fagerhult Group’s near-term targets are set to reduce emissions by 70% in Scopes 1 and 2 and by 30% in Scope 3 by 2030 from the baseline year 2021. The Group has also set a long-term, science-based target to become net zero by 2045.

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