LOADING

Type to search

The LEGO Group Pledges $1.4 Billion to Achieve Net-zero GHG emissions by 2050

The LEGO Group Pledges $1.4 Billion to Achieve Net-zero GHG emissions by 2050

Listen to this story:

The LEGO Group today pledged to achieve net-zero greenhouse gas (GHG) emissions by 2050 as part of its continued efforts to reduce environmental impact. The company has submitted its intention to the Science Based Target initiative (SBTi) and will work with the SBTi to develop a target which will cover Scope 1, 2 & 3 emissions*.

The pledge is an extension of its existing near-term climate target to reduce GHG emissions by 37% by 2032 from a 2019 base, which was previously approved by the SBTi.

Niels B Christiansen, CEO, the LEGO Group said:

“Our immediate priority is to meet our 2032 carbon reduction targets and we’re making progress across a range of initiatives. This new, long-term goal will ensure that the decisions we make today will reduce our carbon footprint over the coming decades. It will also encourage future generations of LEGO employees, partners and suppliers to continue working with a sense of urgency to reduce the environmental impact of our business”

“We know that children are looking to us to do what’s right. Caring for the environment is one of their top concerns and we receive hundreds of letters a year with great ideas from kids on how we can make a difference. They are holding us to account, and we must set ambitious goals and take meaningful and lasting actions to protect their futures.”

The LEGO Group will seek to work with the SBTi to develop the net-zero target over the next two years, whilst developing a climate transition plan demonstrating a roadmap to achieving the target.

Related Article: European Energy Partners With Novo Nordisk and LEGO to Replace Fossil-Based Materials in Plastic Production

The LEGO Group plans to triple its investment in environmental sustainability over the next three years, particularly in areas that will help reduce GHG emissions, spending more than $1.4 billion on sustainability-related activities. This includes:

  • Designing buildings and sites to be carbon neutral run. Factories and
    buildings will be designed and constructed to the highest
    environmental standards. For example, we are currently building two
    factories which are designed to be carbon neutral run once completed
    and aim to secure Gold LEED certification as the baseline standard on
    all new factories and buildings on our global campus.
  • Increasing capacity and production of renewable energy at our sites.
    We will reduce absolute emissions across our manufacturing, stores
    and offices through increasing production of renewable energy in our
    factories and buying renewable energy for factories, offices and
    stores.
  • Taking CO2 emissions into account across all business decisions. This
    includes Shadow Carbon Pricing on key investments, a Carbon KPI which
    will be tied to executive remuneration from 2024 and responsible
    travel policies to reduce the amount of employee travel, especially
    international air travel.
  • Joining forces with suppliers to collectively reduce environmental
    impact.
     98% of our GHG emissions come from outside our operations,
    from our supply chain. We continue to work with our suppliers, via
    our long-standing Engage-to-Reduce programme which was established in
    2014, to collectively lower their environmental impact.

Beyond this activity, the company will also continue to invest in initiatives to reduce carbon globally that may not count towards achieving the SBTi-approved target at this stage. This includes exploring compensation actions, such as supporting carbon capture programmes, and scaling up a mass balance approach to reduce reliance on fossil fuels as a raw material.

Christiansen said:

“Our first priority is to measurably reduce our carbon emissions, but the challenge is vast, and we are taking steps across all areas of our business to reduce our environmental impact.”

Source: The LEGO Group

Topics

Related Articles