Bang & Olufsen AS 2024 AR2
The report highlights Bang & Olufsen's progress in implementing its Luxury Timeless Technology strategy during the 2023/24 fiscal year. Key achievements include reaching a record-high gross margin of 53.3% and obtaining Cradle to Cradle certification for its third product, the Beosound A5 speaker. The company also received validation for its near-term and net-zero greenhouse gas emissions reduction targets from the Science Based Targets initiative (SBTi). Additionally, Bang & Olufsen successfully transitioned its operational electricity consumption to 100% renewable sources and completed approximately 25,000 repairs and refurbishments at its Struer repair centre.
Company: Bang & Olufsen AS
Sector: Consumer Discretionary
Country: Denmark
Year: 2024
Type: AR2
Pages: 165
Bang & Olufsen AS
Annual Report
The report highlights Bang & Olufsen's progress in implementing its Luxury Timeless Technology strategy during the 2023/24 fiscal year. Key achievements include reaching a record-high gross margin of 53.3% and obtaining Cradle to Cradle certification for its third product, the Beosound A5 speaker. The company also received validation for its near-term and net-zero greenhouse gas emissions reduction targets from the Science Based Targets initiative (SBTi). Additionally, Bang & Olufsen successfully transitioned its operational electricity consumption to 100% renewable sources and completed approximately 25,000 repairs and refurbishments at its Struer repair centre.
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Document Details
Report Year
2024
Reporting Period
Jun 1, 2023 - May 31, 2024
Fiscal Year
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
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees