We want to reduce our direct and indirect environmental impact – and we need money to help make that happen. So in 2020 we launched our own ‘green bond framework’ in alignment with the latest Green Bond Principles.
This action means we can pursue the funding required for projects that help us contribute to a sustainable future and deliver on our ambitious Better Living Program targets. All projects will be defined to support the UN’s Sustainable Development Goals and the Paris Climate Agreement.
With 100 actions planned by 2030, projects may include investments in R&D to improve the energy or water efficiency of appliances, development of recycled materials, reduced use of refrigerants with high greenhouse warming potential, as well as switching to 100% renewable energy at Electrolux factories.
Going forward, we’ll publish an annual Green Bond Impact Report to enable investors and other stakeholders to follow developments and get insights into how we’re using the green bond proceeds.