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LEGO Group Unveils Ambitious Environmental Commitments: Net Zero by 2050 and $1.4 Billion for Green Initiatives

ESGLEGO Group Unveils Ambitious Environmental Commitments: Net Zero by 2050 and $1.4 Billion for Green Initiatives

The LEGO Group has unveiled a set of environmentally focused commitments, which include aiming for net zero emissions by 2050 and tripling investments in green initiatives to over $1.4 billion in the next three years. They will collaborate with the Science Based Targets initiative (SBTi) to establish emission reduction targets encompassing direct Scope 1 emissions, Scope 2 emissions from purchased energy, and Scope 3 emissions from their supply chain, with 98% of their emissions coming from the supply chain. This net zero objective builds upon their 2020 commitment, endorsed by SBTi, to reduce emissions by 37% by 2032.

The company’s environmental investment plan for the next three years will concentrate on creating carbon-neutral factories and structures, boosting renewable energy production, and procuring renewable energy for their facilities. They will also collaborate with suppliers through their “Engage-to-Reduce” program, established in 2014 to collectively reduce environmental impact in the supply chain.

LEGO Group plans to integrate Shadow Carbon Pricing into significant investments, introduce a carbon metric for executive compensation starting in 2024, and implement responsible travel policies to reduce employee travel, especially international air travel.

Christiansen highlighted the responsibility they feel towards children who are concerned about environmental issues, emphasizing the need to set ambitious goals and take meaningful actions to protect their futures based on the hundreds of ideas they receive from kids.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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