VELUX Group continues progress to decarbonise operations and key materials
In 2022, VELUX reduced its emissions from operations by 26% and also saw a slight decrease in value chain emissions. These are two highlights from the company’s Sustainability Report 2022, launched today.
Emissions from operations (scope 1 and 2) decreased to 27,371 tCO2e in 2022 from 37,105 tCO2e in 2021. This decline was driven by an increase in the purchase of renewable electricity (in 2022 representing 98% of electricity consumption), energy efficiency programmes and the transition to renewable fuel sources.
VELUX also saw a slight decrease in value chain emissions (scope 3 ) to 1.99 m tCO2e in 2022 from 2.06 million tCO2e in 2021 due to reduced raw material demand caused by a sluggish macroeconomic environment, more precise emissions data and the sourcing of low carbon aluminium.
I am delighted we have further reduced our operational emissions and that our partnerships to reduce emissions from materials are beginning to show results. We will continue to work with partners within and beyond our value chain because this is the most effective way to take climate action. The transformation of the building sector to reduce carbon emissions is underway but collaboration and the rate of change need to dramatically increase. I am also pleased that a continued focus on safety at all locations led to an overall reduction in accidents, and that our new paper-based packaging saved more than 600 tonnes of plastic in 2022 compared to 2021.
Other highlights from 2022:
- Investment in two new solar parks in Spain finalised. When operational in 2025, these new parks will produce 167GWh of renewable energy annually.
- Two partnerships entered with suppliers Hydro and Novelis to reduce carbon emissions from aluminium used in VELUX products.
- 98% of packaging for VELUX Residential roof windows in Europe is now paper-based. This has saved more than 600 tonnes of EPS/plastic compared to 2021.
- Accidents per 1 million working hours fell to 1.63 from 2.58 in 2021.
- The percentage of women in senior management increased to 30% (2021: 28%), however the percentage of women in management overall remains flat at 26%, underlining that additional actions are needed.
- 100,000 seedlings were planted in the first forest project established through a 20-year partnership with the World Wide Fund for Nature (WWF) to capture VELUX Group historical emissions from operations.
See more Sustainability highlights from 2022
Read the full 2022 Sustainability Report
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.