The business also stated that it will collaborate with the Science Based Targets initiative (SBTi) to create emissions reduction goals for direct Scope 1 emissions from its facilities, including its offices, stores, and manufacturing facilities, as well as Scope 2 emissions from energy purchases, and Scope 3 emissions from the business' supplier chain. The LEGO Group's supply chain accounts for 98% of its carbon impact.
The company identified a number of areas of focus for its environmental sustainability investment plans over the following three years, including designing its factories and buildings to be carbon neutral run, increasing production of renewable energy in its factories, and purchasing renewable energy for factories, offices, and stores.
The LEGO Group on August 30, 2023 unveiled a number of climate-related pledges, including one to reach net zero emissions by 2050. The company also revealed intentions to increase its spending on environmental sustainability projects by three times to more than $1.4 billion over the following three years.
The business also stated that it will collaborate with the Science Based Targets initiative (SBTi) to create emissions reduction goals for direct Scope 1 emissions from its facilities, including its offices, stores, and manufacturing facilities, as well as Scope 2 emissions from energy purchases, and Scope 3 emissions from the business' supplier chain. The LEGO Group's supply chain accounts for 98% of its carbon impact.
The company identified a number of areas of focus for its environmental sustainability investment plans over the following three years, including designing its factories and buildings to be carbon neutral run, increasing production of renewable energy in its factories, and purchasing renewable energy for factories, offices, and stores. The LEGO Group announced that as part of its supply chain, it will collaborate with suppliers through its "Engage-to-Reduce" program, which was launched in 2014 in an effort to reduce environmental impact.
The LEGO Group also said that it would incorporate shadow carbon pricing on significant investments, add a carbon KPI to executive compensation starting in 2024, and adopt responsible travel rules to cut down on employee travel, with an emphasis on foreign air travel in particular.
Conclusion:
The LEGO Group announced that as part of its supply chain, it will collaborate with suppliers through its "Engage-to-Reduce" program, which was launched in 2014 in an effort to reduce environmental impact.
The LEGO Group also said that it would incorporate shadow carbon pricing on significant investments, add a carbon KPI to executive compensation starting in 2024, and adopt responsible travel rules to cut down on employee travel, with an emphasis on foreign air travel in particular.