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Electrolux raises the bar in sustainability reporting
Electrolux products with the best environmental performance accounted for 22% of total sold units and 35% of Electrolux gross profit in 2010. Sales of Green Range products, which have the best energy and water efficiency, have been progressing steadily since their roll-out in 2008. These are some of the findings in Electrolux 2010 sustainability performance review, Sustainability matters, where the Group presents its strategy and progress on integrating sustainability into the business.
The Global Reporting Initiative guideline is the most respected sustainability standard for reporting performance on the environment, laboor and human rights practices and societal engagement. Integrated into Electrolux online Annual Reports, Sustainability matters is built around a clickable GRI index allowing readers to drill down to the Group's response to various sustainability issues.
"The report not only outlines our strategy and how we intend to achieve it, it describes the issues most relevant to our business and how we work with stakeholders to stay on top Report," says Henrik Sundstrom, Vice President of Sustainability Affairs in Electrolux.
"Never before has our sustainability reporting been so interconnected with the Annual Sharp focus lies on four issues: climate change, ethical business and safe workplaces, responsible sourcing and restructuring. The report details how Electrolux manages issues and also discloses information about more than 70 performance indicators as defined by the GRI.
Another finding in the report is that Electrolux has cut energy use by 25% since 2005, and set 2014 targets for transportation (15% carbon reduction from transport), and water use (20% reduction) with long and short-term product targets for energy, water and chemical use to follow in 2011.
"In 2010, we began the process of developing a blueprint for actions to strengthen our sustainability commitment," says Keith McLoughlin, President and CEO of Electrolux. "We improved our grasp on emerging global challenges. We sharpened our insight into how these will affect consumer needs and business conditions.
"2011 will mark a shift in speed for Electrolux."
27th May 2011