Bang & Olufsen AS 2022 SR
The report outlines Bang & Olufsen's ESG and sustainability strategy for the 2021/22 fiscal year, focusing on product longevity and circular economy. Key achievements include launching the world's first Cradle-to-Cradle certified consumer electronics speaker, the Beosound Level, and joining the Science Based Targets initiative. The company committed to achieving 100% renewable electricity in operations by 2024/25 and became a signatory to the UN Global Compact. Despite a 10% growth in product sales, the company faced challenges with increased Scope 1 and 2 emissions, which it aims to mitigate through new long-term targets. Social highlights include reaching an employee engagement score of 77 and establishing a Diversity, Equity, and Inclusion Council.
Company: Bang & Olufsen AS
Sector: Consumer Discretionary
Country: Denmark
Year: 2022
Type: SR
Pages: 50
Bang & Olufsen AS
ESG And Sustainability Report
The report outlines Bang & Olufsen's ESG and sustainability strategy for the 2021/22 fiscal year, focusing on product longevity and circular economy. Key achievements include launching the world's first Cradle-to-Cradle certified consumer electronics speaker, the Beosound Level, and joining the Science Based Targets initiative. The company committed to achieving 100% renewable electricity in operations by 2024/25 and became a signatory to the UN Global Compact. Despite a 10% growth in product sales, the company faced challenges with increased Scope 1 and 2 emissions, which it aims to mitigate through new long-term targets. Social highlights include reaching an employee engagement score of 77 and establishing a Diversity, Equity, and Inclusion Council.
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Document Details
Report Year
2022
Reporting Period
Jun 1, 2021 - May 31, 2022
Fiscal Year
2022
Published
Jul 6, 2022
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women in Management
Workplace Fatalities
Employees