Inwido welcomes the EU taxonomy's energy requirements on windows and doors
The European Commission has now presented its revision of the delegated acts for the taxonomy's environmental objectives 1 and 2 (climate change mitigation and adaptation), and it has been established that the energy requirements for windows, stated as U-value, are revised to 1.0. All in all, this limit value means that approximately 45 percent of the Inwido Group's windows and doors sales in 2020 were environmentally sustainable according to the Taxonomy. This share is expected to rise further when 2021 sales are summed up.
In the European Commission's new threshold values for energy-efficient windows, thermal conductivity has been revised from the previously proposed U-value of 0.7 to the now established 1.0. For doors, the threshold value remains unchanged at 1.2. These limits allow windows and doors that are significantly more energy-saving than the older products that are prevalent in today's buildings in Europe. At the same time the revised value is more in line with other requirements for renovations of existing buildings. Inwido estimates that approximately 45 percent of the Group's sales of windows and doors in 2020 met the requirements for classification as energy-efficient and are therefore assessed as “Taxonomy-aligned”. Following Inwido's continued mapping of criteria and thresholds, product classifications and the Group's sales in 2021, the proportion of windows and doors within the Group that meet the requirements of the taxonomy is expected to increase further.
- We are pleased that the EU taxonomy focuses on efficient and environmentally friendly products within Europe's building portfolio, both existing and future. We have an important role to play with our products because energy-efficient windows and doors save a lot of energy during their lifetime. As a leading player in our industry, we will contribute to the environmental change and we welcome the EU taxonomy's clarified requirements, says Henrik Hjalmarsson, President and CEO of Inwido.
According to the European Commission, buildings in the EU are the single largest energy-consuming sector, accounting for about 40 percent of energy consumption and 36 percent of carbon dioxide emissions. Replacing energy-efficient windows and doors with energy-efficient alternatives is therefore considered an important part of achieving Europe's climate goals. In order for an investment or financial product to be classified as sustainable in accordance with the taxonomy, it must:
• Make a significant contribution to one of the defined environmental goals in the taxonomy;
• Do no significant harm within the other environmental goals and;
• Meet minimum requirements in sustainability.
The EU taxonomy entered into force in July 2020 and is a common classification system for environmentally sustainable investments and financial products. The taxonomy is part of the EU's Action Plan for Sustainable Finance, and as part of this, the EU wants to make a transfer of capital to what is classified as green. Inwido will, starting in 2022, report sales arising from products that are considered to be environmentally sustainable according to the taxonomy.
For more information, please contact:
Henrik Hjalmarsson, President and CEO
Tel: +46 (0)76-846 20 46, email: henrik.hjalmarsson@inwido.com
Olof Engvall, Investor & Public Relations Manager
Tel: +46 (0)73-541 45 73, email: olof.engvall@inwido.com
Inwido improves people's lives indoors with windows and doors. As Europe's leading window group, Inwido's business concept is to develop and sell the market's best customized window and door solutions through a decentralized structure and with a focus on the consumer-driven market in order to create long-term sustainable growth, organically and through acquisitions. Inwido consists of 28 business units with approximately 4,300 employees in eleven countries. In 2020 group sales amounted to SEK 6.7 billion with an operating EBITA margin of 10.9 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.
