Assa Abloy Ab Class B · OMXSTO:ASSA_B
Assa Abloy Ab Class B — ESG Presentation (2024)
41 slides from Assa Abloy Ab Class B's sustainability presentation, 2024
Slide 1: Sustainability summary 2024
Sustainability summary 2024 Experience a safer and more open world Internal
Slide 2: Contents
1. Sustainability in brief Highlights Strategy Our sustainability journey Our material topics Performance and 2025 targets 2. Innovation and products Innovation strategy Resource use and circular economy Contents Product sustainability 3. Operations Addressing climate change Actions within our own o
Slide 3: Sustainability in brief
Sustainability in brief 3 Internal
Slide 4: Highlights 2024
Highlights 2024 Dow Jones Sustainability INJURY RATE WATER INTENSITY ENERGY INTENSITY Recognition Index Europe and memberships ASSA ABLOY is a constituent of the Dow Jones Sustainability Index Europe for the fourth year in a 0% 10% 10% row. The index tracks the performance of the top Our injury rate
Slide 5: CEO statement
CEO statement Sustainability is an important business driver, which will enable us to reduce our environmental and carbon footprint while continuing to grow our business. Our long-term commitment to sustainability will provide significant opportunities to reduce our costs, reduce our climate risk, a
Slide 6: Where we operate
Where we operate 31% Europe sales We are truly global and uniquely local ASSA ABLOY has operations in more than 70 countries and 54% North America sales in over 180 countries. Our operations extend across sales 7% Asia more than 1,000 sites, including 195 R&D sites and more than sales 200 production
Slide 7: Delivering sustainable progress
Delivering sustainable progress We are successfully decoupling growth from emissions—demonstrating that it’s possible to increase sales while reducing our carbon footprint. This progress reinforces our belief that sustainability is not just the right thing to do—it’s a smart business strategy. By co
Slide 8: Our sustainability journey
Our sustainability journey 2050 Net zero ASSA ABLOY has committed to reaching net zero no later Sustainability is integrated in everything we than 2050. do and is a driver throughout our value chain. By growing our sustainable product offering and reducing our environmental footprint while ensuring
Slide 9: Pioneering sustainability reporting
Pioneering sustainability reporting The annual report 2024 includes ASSA ABLOY’s first report according to the new Corporate Sustainability Reporting Directive (CSRD), one year ahead of the mandatory requirement. The CSRD report provides further details on ASSA ABLOY’s work on sustainability includi
Slide 10: Our material topics
Our material topics The double materiality analysis helps us assess our interaction with sustainability topics both from an inside-out perspective (how we impact the world) and from an outside-in perspective (how our Group is affected financially by the sustainability topics). We carried out a doubl
Slide 11: Sustainable development
Sustainable development Our material topics corresponds to the following UN Sustainable Development Goals. Water and marine resources Climate Own workforce change and workers in the value chain Circular Our positive economy contribution Value creation for society 11 Internal
Slide 12: Performance and targets for 2025
Performance and targets for 2025 Throughout the year, we made significant advancements towards most of our 2025 goals, based on our 2019 baseline, though we aim to achieve even more moving forward. In particular, we made strong improvements in our water and energy intensity. Operations 25% 25% 25% 2
Slide 13: Performance and targets for 2025, continued
Performance and targets for 2025, continued Supply management People 95% 95% 2025 TARGETS 33% 33% 30% 2025 TARGETS Supplier Business Partner Injury rate (number Injury lost day rate Gender diversity sustainability audits Code of Conduct of injuries per million (number of lost days (percent of female
Slide 14: Performance and targets for 2025
Performance and targets for 2025 Target Change Area 2019 2020 2021 2022 2023 20241 2019–2025 2019–2024 Linked SDGs Environmental KPI ISO 14001 – % of sites certified in reporting scope 2, 4 76% 77% 77% 76% 73% 77% 100% +1 p.p. 12 Carbon footprint – Scope 1 & 2 greenhouse gas emissions (tons absolute
Slide 15: Innovation and products
Innovation and products 15 Internal
Slide 16: Innovation
Innovation New products are evaluated from a lifecycle perspective. Many recently developed products save energy as a result of improved insulation and intelligent control of door opening solutions. Innovation is carried out either locally, divisionally, or shared between the divisions depending on
Slide 17: Sustainable solutions
Innovation strategy Sustainable solutions Vision Our solutions are sustainable by design, enable circularity and guide our industry, customers, partners Sustainable innovation goals and end-users to a more sustainable future • All new released products have a sustainability value proposition Mission
Slide 18: Sustainability compass
Sustainability compass We use our Sustainability Compass to guide product development in terms of reuse, recycled content, recyclability and selecting low carbon material. The Sustainability Compass ensures that our next generation of products is more sustainable than the previous generation, which
Slide 19: ecoLOGIC
CASE ecoLOGIC “Welcoming both customers and energy savings at the door” Customer Weather flow data data Insight & ecoLOGIC AI With ecoLOGIC we go beyond direct product related features – we help to reduce a building’s heating or cooling energy consumption. This not only ✓ Hold-open time reduces our
Slide 20: Resource use and circular economy
Resource use and circular economy The purpose of a circular economy is to ensure that resources and products stay in closed loops of usage that eliminate waste, rather than eventually ending up in landfill. Utilizing circular practices to optimize resource management is a key strategy to reduce the
Slide 21: Environmental footprint assessment
Environmental footprint assessment All our products are evaluated from Environmental Product Product compliance an environmental lifecycle Declarations (EPD) perspective, encompassing several aspects like water, chemicals use, ▪ Product declarations supports sales ▪ All CE-marked* products must be r
Slide 22: Product sustainability
Product sustainability Our product sustainability efforts deliver tangible value to our customers. Through innovative design, resource efficiency, and circular solutions, we create offerings that not only meet customer needs but also contribute to a more sustainable future. We evaluate the design pr
Slide 23: Guiding product development towards our science-based targets
Guiding product development towards our science-based targets Aggregated product portfolio level Aggregated Sustainability Product Portfolio tool shows the impact of different product portfolios Scope 3 combined to understand how we can build different scenarios between product portfolios for best s
Slide 24: Re-engineering for reduced energy consumption
CASE Re-engineering for reduced Energy in use emission comparison (kgCO₂) energy consumption 1800 1608 1600 1400 1200 1000 860 800 ▪ Sensors are powered off when the 600 -46% 400 door is in OFF or fully OPEN mode 200 0 ▪ Idle power in the motor control is Benchmark EiU New EiU disabled when the door
Slide 25: We are part of a transforming construction industry
We are part of a transforming construction industry ▪ Our Sustainability Compass integrate Innovation sustainability and circularity into every Design for the environment aspect of our product development ▪ Our EPD development process enable product transparency towards customers Circularity and bei
Slide 26: Operations
Operations 26 Internal
Slide 27: Addressing climate change
Adressing climate change ASSA ABLOY has made a long-term commitment to address climate change by setting both near-term and net-zero science-based targets consistent with the Science Based Targets initiative. Our targets are aligned to a 1.5°C trajectory, the most ambitious aims of the Paris Agreeme
Slide 28: Actions within our own operations
Actions within our own operations We are fully committed to delivering on our ambitious science-based targets: to halve our absolute Scope 1 & 2 carbon emissions and reduce absolute Scope 3 emissions by 28% by 2030; as well as achieveing net-zero no later than 2050. 1 Scope 1 emissions are direct gr
Slide 29: Scope 1 & 2 emissions reduction pathway
Scope 1 & 2 emissions reduction pathway ASSA ABLOY Scope 1 & 2 emissions reduction waterfall Our four-pronged strategic Our 4-pronged strategic approach to achieving a 50% reduction by 2030 approach to Scope 1 & 2 emissions is delivering positive CO2eq (kTonnes) 323 results. We have reduced our Scop
Slide 30: Approach to reduce Scope 3 emissions
Approach to reduce Scope 3 emissions ASSA ABLOY Scope 3 emissions reduction waterfall Our Scope 3 emissions make up the Our 4-pronged strategic approach to achieving a 28% reduction by 2030 vast majority of our total emissions and represent the carbon footprint of CO2eq (MTonnes) our wider value cha
Slide 31: Water and marine resources
Water and marine resources 2025 TARGET DEVELOPMENT 2019-2024 COMMENTS ON 2024 VS.2023 -56% 25% Water intensity reduced by 10% in 2024. This stemmed from ongoing Water intensity efforts to enhance water efficiency (m3/SEK M) across the Group and continued improvements in water infrastructure. Minimiz
Slide 32: Waste handling
Waste handling 2025 TARGET DEVELOPMENT 2019-2024 COMMENTS ON 2024 VS.2023 42% 25% In 2024, hazardous waste intensity reduced by 5 percent. This was Hazardous waste accomplished through waste reduction intensity efforts, where production methods (kg/SEK M) were further refined to minimize waste hazar
Slide 33: Sourcing
Sourcing Internal
Slide 34: Supply chain management
Supply chain management We collaborate with world-class suppliers to serve our customers, reduce risks, enhance integrity, and elevate performance. All suppliers must meet our sustainability requirements. The supply chain is the most significant contributor to our Scope 3 emissions, accounting for m
Slide 35: Our Code of Conduct
Our Code of Conduct 2025 TARGET 95% 95% Supplier sustainability Business Partner audits (percent of direct Code of Conduct material spend*) (percent of direct & indirect material spend) Our Code of Conduct is the foundation for our Topics: sustainability governance. It applies globally to • Business
Slide 36: Following up our suppliers
Following up our suppliers The traffic-light system We use a traffic-light system to rate individual direct material suppliers on how they conform to our Code of Conduct for Business Partners. Suppliers are rated on the following five color- coded system: Green – The supplier is approved. A re-audit
Slide 37: Following up with our suppliers
Following up with our suppliers Sustainability audits of direct material Number of direct material Distribution of direct material suppliers in identified risk countries suppliers supplier spend Asia, 35.1% (35.8) Europe, 24.1% (25.1) North America, 36.3% (36.5) South America, 1.2% (1.2) Oceania, 2.
Slide 38: People
People 38 Internal
Slide 39: People make it happen
People make it happen +27% 29 29% Internal applications Nationalities in Females in per open position leading positions management vs. 2022 positiions As a decentralized organization with 63,000 employees in more than 70 countries, we embrace autonomy while leveraging our collective size to collabor
Slide 40: Safe and supportive workplace
Safe and supportive workplace Well-being, fair treatment, human 2025 TARGET DEVELOPMENT 2019-2024 COMMENTS ON 2024 VS.2023 rights as well as diversity and inclusion, are central to our 33% -17% Our injury rate remained flat in 2024. operations. To ensure a safe and Injury rate (number supportive wor
Slide 41: Internal
Internal