Fagerhult Group AB

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2020, 2019

In its 2023 reporting, Fagerhult Group AB disclosed greenhouse gas emissions of 1.2K ktonnes CO2e. By scope: Scope 1: 7.5K tCO2e; Scope 2: 4.0K tCO2e; Scope 3: 1.0M tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
1.2K ktonnes CO2e
2023
⚡
Renewable Energy
75%
of total energy
♻️
Waste
4.1K tons
2023
⚙️
Energy Use
31.5K MWh
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).7.5K tCO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.4.0K tCO2e
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).1.0M tCO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
20231.2K ktonnes CO2e
202214.4K tCO2e (scopes 1 & 2) in 2022; 45239 tCO2e (scope 3) in 2021
202014.5K tonnes CO2e
201912.4K tons CO2e

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce direct and indirect GHG emissions (Scope 1 and 2) by 70% by 2030 (compared to 2021)
  • Reduce other indirect GHG emissions (Scope 3) by 30% by 2030 (compared to 2021)
  • 100% adoption of smart lighting by 2030

📅 Medium-term

  • Achieve 10% average annual growth
  • Maintain operating margin above 10%
  • 100% of luminaires sold to have an integrated sensor by 2030

🔭 Long-term

  • Achieve net-zero GHG emissions by 2045
  • Distribute 40-60% of annual profits to shareholders

🌱 ESG Focus Areas

Climate changeCircularityResponsible relationsResponsible operationsKnowledge leadership

⚠️ Challenges & Risks +

  • Educating customers about the opportunities of smart lighting
  • Managing diverse sustainability efforts across 12 different companies globally
  • Preparing for new statutory requirements under the CSRD reporting standard
  • Supply chain disruptions (mentioned in previous years, but impact lessened in 2023)

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards 2021
Assurance: KPMG