AB Electrolux 2023 AR2
The report highlights AB Electrolux's performance and strategic initiatives for the fiscal year 2023, a year marked by challenging market conditions, high inflation, and weak consumer demand. To restore profitability, the company stepped up its Group-wide cost reduction and North America turnaround program, delivering approximately SEK 5.5bn in savings. Electrolux also established a new, expanded science-based climate target to reduce Scope 1 and 2 emissions by 85% and Scope 3 emissions by 42% by 2030 compared to 2021, aiming for a net-zero value chain by 2050. Additionally, the company launched its EcoLine selection, highlighting its most resource-efficient appliances, which accounted for 29% of total units sold and 38% of gross profit in 2023.
Company: AB Electrolux
Sector: Consumer Discretionary
Country: Sweden
Year: 2023
Type: AR2
Pages: 124
AB Electrolux
Annual Report
The report highlights AB Electrolux's performance and strategic initiatives for the fiscal year 2023, a year marked by challenging market conditions, high inflation, and weak consumer demand. To restore profitability, the company stepped up its Group-wide cost reduction and North America turnaround program, delivering approximately SEK 5.5bn in savings. Electrolux also established a new, expanded science-based climate target to reduce Scope 1 and 2 emissions by 85% and Scope 3 emissions by 42% by 2030 compared to 2021, aiming for a net-zero value chain by 2050. Additionally, the company launched its EcoLine selection, highlighting its most resource-efficient appliances, which accounted for 29% of total units sold and 38% of gross profit in 2023.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 1, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees