Our approach to sustainability
The Executive Committee and the Board of Directors together oversee the sustainability strategy. The Executive Committee approves any updates to sustainability strategy and targets. The Group steers and coordinates sustainability work, while the segments are responsible for execution.
In our operations, we take climate and resource issues into consideration. Our product design aims to put more weight on incorporating environmentally friendly materials in product design. We produce products and services that use less energy, reduce resource demand, perform reliably for years and are safe for installers to install. We make efforts to enhance circular economy by reusing production waste where possible as well as to minimise waste from production. This includes investigating and developing new materials and methods that reduce negative environmental impact. We have investigated the water footprint of our manufacturing facilities and are analysing the results for further action.
Voluntary commitments which include reporting of our actions represent one concrete way of managing and measuring our sustainability achievements. We participate in the Carbon Disclosure Project (CDP). In 2019, we reported our first Communication on Progress as United Nations Global Compact signatory. In addition, we are a member of several local and global trade organisations that have sustainability-related initiatives on their agendas. As the built environment has a big role to play in managing climate change, we are committed to the World Green Building Council’s Net Zero Carbon Buildings Commitment. The programme is a call for coordinated action by the building and construction sector to work together to fully decarbonise buildings and infrastructure by 2050.