STOCKHOLM, Sept. 6,
2022 /PRNewswire/ -- Fagerhult Group commits to
Science Based Targets initiative, SBTi, this was communicated at
the Capital Markets Day that was held in Stockholm on August
31st.
During the Capital Markets Day, Fagerhult Group presented a
business update with focus on the Group's strategic initiatives and
the four Business Areas. Fagerhult Group consider mega trends to be
in favour for the business and generate good growth opportunities.
Climate change and energy crisis increase the need for energy
efficient lighting solutions. By using the latest LED technology
and connectivity solutions energy consumption can be reduced by up
to 90% compared to conventional lighting solutions.
The Group also presented high level ambitions related to the
business with further updates at a later date for connectivity and
sustainability. The ambitions are in line with the Group's strong
historical development. The growth agenda for the business was
supported by specific growth opportunities in each Business Area
and the strategic initiatives: Innovation, Sustainability and
People & Culture, are all making good progress.
Looking forward, the importance of sustainability will continue
to grow. Fagerhult Group's sustainability agenda, called 'Positive
change for better living', was launched earlier this year and
covers a broad ESG agenda (Environment, Social, Governance).
Providing energy efficient lighting solutions, the Group already
contributes to make the society more sustainable. Now Fagerhult
Group takes the next step and commit to the SBT-initiative. The
Group will set targets to align with the Paris agreement, to limit global warming to
1.5°C and become net-zero. Now follows a process to set near-term
and net-zero targets and have these validated by SBTi.
"Committing to the Science Based Targets initiative is a natural
next step on our sustainability journey. The climate change demands
action and through our long-term commitment we want to lead our
industry towards a more sustainable future. By committing to the
Science Based Targets initiative we want to make sure we as a Group
are transparent in our efforts and make a difference. We have
committed both to near-term and net-zero targets and will now
continue the process to further map and validate our targets", says
Bodil Sonesson, President and CEO
Fagerhult Group.
The material from the Capital Markets Day can be accessed at:
https://www.fagerhultgroup.com/investors/
For more information, please contact:
Bodil Sonesson, President and
CEO, +46 722 23 76 02, bodil.sonesson@fagerhultgroup.com
Michael Wood, CFO, +46 730 87 46
47, michael.wood@fagerhultgroup.com
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Fagerhult Group commits
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SOURCE Fagerhult