Industry Leader in Sustainability, Arcelik Pushes for More Ambitious Scope 1, 2 and 3 GHG Emissions Reduction Targets at COP26
PR92902
ISTANBUL, Nov. 9, 2021 /PRNewswire=KYODO JBN/ --
Leading home appliance manufacturer Arcelik highlights the importance of energy
efficiency in products and the reduction of Scope 3 emissions in driving
decarbonization at COP26
Arcelik A.S. (ARCLK: IST, "Arcelik"), the global leading consumer durables and
electronics manufacturer, has announced their commitment to the Paris Agreement
goals, by re-submitting more ambitious science-based targets for their Scope 1,
2 and 3 emissions, pushing for a 50.4% reduction across all three scopes.
Arcelik's initial targets in line with a well-below 2C degree scenario were
approved by the Science Based Targets initiative (SBTi) in November 2020,
however, Arcelik has chosen to be bolder submitting a 1.5C degree target in
August 2021, which is being reviewed by the SBTi for final approval. This
coupled with the decision to introduce a net-zero target throughout the value
chain by 2050, which will serve to limit the global temperature increase to
1.5°C above pre-industrial levels, highlights Arcelik's ever-growing commitment
to a sustainable future and the company's pledge to the Paris Agreement.
Analysis from the International Energy Agency (IEA) states that bold actions
need to be taken to achieve global net-zero targets. Too often overlooked,
energy efficiency offers high-impact emission savings at low marginal abatement
costs. If the world is to have any chance of meeting net-zero goals, energy
efficiency needs to be prioritized.
This comes in tandem, with Hakan Bulgurlu, CEO of Arcelik joining The World
Economic Forum Alliance of CEO Climate Leaders. A group of 70 global chief
executives, who are driving cross-sector collaboration to accelerate the
transition to a net-zero economy.
On Friday 5th November at 11.15am GMT, Arcelik CEO and climate activist Hakan
Bulgurlu was joined by Dr Fatih Birol (Executive Director, IEA) on a panel
moderated by Mai-Britt Poulsen (Managing Partner, BCG). Together, they
discussed the importance of energy efficiency in the reduction of Scope 3
emissions. The panel focused on how businesses must lead net-zero ambitions
through science-based decarbonization roadmaps, and the critical role Scope 3
emissions play in achieving them. As well as discussing the Paris Agreement,
clean energy transitions and what manufacturers can do to lower emissions.
Commentating on the announcement, Hakan Bulgurlu said "Two-thirds of global
emissions are now coming from developing countries, but only one-fifth of
investment in clean energy is occurring there. Manufacturers like Arcelik, and
our partners in these countries, have a collective responsibility to lead the
way in energy transformation. We continue to innovate and create ways – to not
only transform our products and services but every household that our products
enter. Arcelik consistently strives to do more to support the fight against
climate change and our recent commitment to go even further to reduce our Scope
1, 2 and Scope 3 emissions from use of our sold products by 50.4% is something
we are extremely proud of. Now, we are calling on other businesses to join us
in this fight and recognise how they can effect change and stop environmental
devastation."
Dr Fatih Birol, said: "IEA analysis shows the importance of immediate and
sustained progress on energy efficiency over the next ten years on the path to
net zero. Improving energy efficiency across sectors ensures that consumers and
governments can also access a range of wider benefits. This is no more apparent
than in the case of product efficiency, which has already halved the energy
consumption of major appliances in many markets, reducing electricity demand
while allowing households to enjoy lower costs."
NOTES TO EDITORS
ABOUT ARCELIK'S REVISED SCIENCEBASED TARGETS (STILL BEING REVIEWED BY SBTi):
-- ArCelik has revised its initial science-based targets, to contribute to the
worldwide efforts to limit global warming to 1.5°C, compared to pre-industrial
levels.
-- The business has committed to reduce its absolute Scope 1 and Scope 2
emissions, and absolute Scope 3 emissions from the use of its sold products by
50% by 2030, compared to the base year of 2018. The Scope 3 is often overlooked
by businesses as it requires them to reduce the carbon emissions generated in
the entire value chain, including emissions generated from the extraction of
raw materials, logistics, transportation, product use phase as well as end of
life of the products.
-- A global leader in sustainability, Arcelik has successfully become
carbon-neutral in global production plants1 (Scope 1 and 2) in 2019 and 2020,
and was named the Industry Leader of the Household Durables category for the
2nd year in a row in the Dow Jones Sustainability Index. Arcelik was also
recognized as an Industry Mover in the 2021 S&P Sustainability Yearbook and
received a Gold Class Sustainability Award. In addition, Arcelik was selected
as the most sustainable white goods company to enter Corporate Knights Global
100 World's Most Sustainable Companies ranking. Through its leadership position
in sustainability and credible decarbonization roadmap for achieving net zero,
Arcelik became the first and only company from its industry to receive the
Terra Carta Seal by HRH Prince of Wales.
ABOUT ARCELIK'S APPROVED SCIENCE BASED TARGETS:
-- Arcelik priorly committed to reduce its absolute scope 1 and 2 GHG emissions
by 30% by 2030 from a 2018 base year.
-- Arcelik also commits to reduce absolute scope 3 GHG emissions from the use
of sold products by 15% over the same timeframe.
-- The targets covering GHG emissions from company operations (scopes 1 and 2)
are consistent with reductions required to keep global warming to "Well-below
2°C".
ABOUT ARCELIK
With over 40,000 employees throughout the world, Arcelik's global operations
include sales and marketing offices in 48 countries, and 28 production
facilities in 9 countries and 12 brands (Arcelik, Beko, Grundig, Blomberg,
ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko).
As Europe's second-largest white goods company by market share (based on
volumes), Arcelik's consolidated revenue reached US$4.3 Billion in 2020.
Arcelik's 30 R&D and Design Centers & Offices across the globe, are home to
over 1,700 researchers and hold more than 3,000 international patent
applications to date. In 2020, Arcelik is named the "Industry Leader" in the
Household Durables category for the 2nd year in a row in Dow Jones
Sustainability Index and, in accordance with PAS 2060 Carbon Neutrality
Standard, became carbon-neutral in Scope 1 and 2 in global manufacturing in
2019 and 2020 with its own carbon credits. Through its leadership position in
sustainability and credible decarbonization roadmap for achieving net zero,
Arcelik became the first and only company from its industry to receive the
Terra Carta Seal by HRH Prince of Wales. Arcelik's mission is 'Respecting the
World, Respected Worldwide.'
www.arcelikglobal.com/en
1 Singer Refrigerator Plant and TV & AC Plant in Bangladesh acquired in 2019,
Voltbek in India which started production in 2020, and Arcelik-LG A/C joint
venture plant in Turkey are excluded from calculations.
Photo -
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Logo - https://mma.prnewswire.com/media/1653921/Arcelik_Logo.jpg
SOURCE: Arcelik
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