Electrolux AB 2023 Annual Report with Sustainability Disclosures
Company: Electrolux AB
Sector: Manufacturing
Country: Sweden
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 124
The report describes a difficult 2023 market, with lower demand, a 4% organic sales decline and intensified Group-wide cost reduction efforts. It highlights resource-efficient products representing 29% of products sold and 38% of gross profit, while operational Scope 1 and 2 emissions fell 33% versus 2021 and 60% of energy came from renewable sources. The company also reports an expanded science-based target to reduce Scope 1 and 2 emissions by 85% and Scope 3 emissions by 42% by 2030. Its long-term ambition is net-zero emissions across the value chain by 2050.
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