SBTi approves Fagerhult Group’s net-zero science-based targets

As a brand within Fagerhult Group, we are glad to announce that our overall near and long-term targets are now 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.

Energy-efficiency is high on the agenda to reach the climate goals and the lighting industry has a part to play. Lighting accounts for up to 15 per cent of global energy consumption and by using the latest smart lighting solutions, users can potentially reduce energy consumption by up to 90 per cent.

“We are very proud to have our targets 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,” says Bodil Sonesson, CEO Fagerhult Group.

Fagerhult Group has set near and long-term goals to reduce direct and indirect GHG emissions, which Fagerhult takes an active part in. The near-term targets are set to reduce emissions by 70 per cent in Scope 1 and Scope 2, and by 30 per cent in Scope 3 by 2030, from the baseline year 2021. The Group has also set out a long-term science-based target to become net- zero by 2045.

“At Fagerhult, we work continuously to reach our sustainability goals and we are glad to be part of a group with such determination to achieve net-zero GHG emissions by 2045 together. Having our near and long-term targets validated by the Science Based Targets initiative (SBTi) is a significant milestone in our sustainability journey,” says Daniel Johansson, Managing Director at Fagerhults Belysning.

Fagerhult Group’s sustainability agenda “Positive Change for Better Living” is an integrated part of the business strategy and daily operations, and it echoes through our organisation. With good light in focus, Fagerhult continues to look ahead to protect our environment and the prospects of future generations.

About the Science Based Targets initiative

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments.