ASSA ABLOY AB
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:234,476 tCO2e (Scope 1 & 2)
Scope 3 Emissions:14,361,452 tCO2e
Renewable Energy Share:20.6%
Total Energy Consumption:637,232 MWh
Water Consumption:1,350,000 m3
Waste Generated:82,801 tons
ESG Focus Areas
- Climate Change
- Water Stewardship
- Waste Reduction
- Energy Efficiency
- Health and Safety
- Supply Chain Sustainability
- Diversity and Inclusion
Environmental Achievements
- Reduced total greenhouse gas emissions by 6% vs. 2021
- Reduced water intensity by 20% vs. 2021
- Reduced energy intensity by 15% vs. 2021
- Reduced absolute carbon footprint by 20% against the 2019 baseline
- Reduced water intensity by 40% against the 2019 baseline
- 299 Environmental Product Declarations verified and published
Social Achievements
- 874 sustainability audits of direct material suppliers carried out during 2022
- 76% of all direct and indirect material supplier spend signed the Business Partner Code of Conduct
- Implemented a global health and safety reporting system
- Launched initiatives to address employee stress and mental health
Governance Achievements
- Science Based Targets ratified by the Science Based Targets initiative
- Continued to evolve reporting process in accordance with the Task Force on Climate-related Financial Disclosures (TCFD)
- Conducted scenario analyses to understand climate-related financial risks and opportunities
Climate Goals & Targets
Long-term Goals:
- Reach net-zero emissions no later than 2050
Medium-term Goals:
- Halve absolute Scope 1 & 2 greenhouse gas emissions by 2030 (from 2019 baseline)
- Reduce absolute Scope 3 greenhouse gas emissions by 28% by 2030
Short-term Goals:
- Achieve 2025 targets (detailed in report)
Environmental Challenges
- Increased injury rate (4% vs. 2021, attributed partly to acquisitions)
- Supply chain disruptions due to global events and component shortages
- Energy crisis in EMEIA region
- Achieving Scope 3 emissions reductions
Mitigation Strategies
- Fast-tracking acquired companies into Health and Safety program
- Developing alternative sourcing strategies and securing multiple suppliers for critical components
- Investing in solar PV installations to reduce energy reliance and risk
- Developing Scope 3 calculator, engaging with key suppliers, and focusing on product design, material choices, and logistics optimization
Supply Chain Management
Supplier Audits: 874 in 2022
Responsible Procurement
- Business Partner Code of Conduct
- Supplier sustainability audit program
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
Transition Risks
- Regulatory changes
- Market shifts
- Carbon taxes
Opportunities
- Development of energy-efficient products
- Growth in green buildings market
Reporting Standards
Frameworks Used: GRI Standards, TCFD, UN Global Compact
Certifications: ISO 14001
Third-party Assurance: EY (GRI Standards compliance assessment)
UN Sustainable Development Goals
- SDG 9
- SDG 11
- SDG 12
- SDG 13
- SDG 8
- SDG 14
Initiatives contribute to these goals through various actions detailed in the report
Sustainable Products & Innovation
- Products with EPDs, energy-efficient products, products with higher recycled content, products designed for recyclability