The VELUX Group joins the world’s leading corporate renewable electricity initiative RE100
By joining RE100, the VELUX Group commits to source 100% renewable electricity by 2023.
The VELUX Group is the latest new member of a collaborative initiative, bringing together the world’s most influential businesses committed to 100% renewable power.
The corporate clean energy ambition is growing in spite of COVID-19, as more global companies sign up to green their entire electricity usage.
RE100 is a global initiative led by the Climate Group in partnership with CDP, both international non-profit organisations. It now brings together more than 260 of the world’s most influential companies committed to 100% renewable power in more than 140 markets worldwide.
The planet is facing a serious climate and nature crisis and this requires extraordinary action. According to our values as a company, we strive to do more than most, so that’s why we have joined RE100 as part of our Lifetime Carbon Neutral commitment, taking responsibility for not only our future but also historical carbon footprint. Joining RE100 we commit to source 100% renewable electricity already by 2023,
This all forms part of the VELUX Group’s new Sustainability Strategy 2030, committing the Group to dramatically reduce its future carbon emissions following SBTI’s most ambitious 1.5°C path (scope 1,2,3) and capture its historical carbon footprint since it was founded in 1941 – totalling 5.6 million tonnes of CO2 - through forest conservation and nature projects that will tackle climate change and halt nature loss. By 2030 it will be a carbon neutral company (scope 1 and 2) and have halved carbon emissions across its value chain (scope 3). Achieving 100% renewable electricity will, alongside other measures, contribute to the company carbon neutral 2030 goal.
Also today, during Climate Week NYC, major companies joining RE100 include PepsiCo (food & beverage, US), Intel (information technology, US), Asics (apparel, Japan), Sanofi (healthcare, France), SKF (bearing and seal manufacturing, Sweden), and McCain (food & beverage, UK).
Collectively, RE100 members are creating enough renewable electricity demand to power a G20 country. Bloomberg NEF estimates suggest they will need to invest over US$98 billion in clean energy to meet their RE100 goals – a vast source of finance for rebuilding a green economy.
I’m thrilled to see more and more companies leading the way on 100% renewable power. COVID-19 isn’t holding them back – clean energy is here to stay and the time to invest is now,
About the VELUX Group
For more than 80 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy and sustainable indoor climate, for work and learning, for play and pleasure. We work globally – with sales and manufacturing operations in more than 36 countries and around 11,000 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2022, the VELUX Group had total revenue of EUR 2.99 billion, VKR Holding had total revenue of EUR 4.29 billion, and THE VELUX FOUNDATIONS donated EUR 181 million in charitable grants.
For more information about VELUX Group, visit velux.com.