HL Display commits to setting Science Based Targets to reduce environmental impact
HL Display takes the next step in reducing the company’s environmental impact and supporting customers on their journey to more sustainable stores.
HL Display today announced that the company has committed to reduce emission of greenhouse gases by joining the Science Based Targets initiative. The Science Based Targets initiative independently assesses corporate reduction targets based on scientific best practise, in order to keep the rise of global temperature well below 2°C in-line with the Paris Agreement. Following this commitment, HL Display will publish a roadmap by March 2022 on how the reduction of emissions across its value chain will be achieved.
“Tackling climate change is one of the biggest challenges globally, and it is important to HL Display to take responsibility and make our contribution to finding solutions. We are striving to be the leader in innovative and sustainable solutions in our industry and reducing the environmental impact of our operations is at the core of how we do business,” says HL Display CEO Nina Jönsson.
Understanding HL’s climate footprint
The commitment to the Science Based Targets initiative follows an in-depth study of HL Display’s climate footprint conducted in collaboration with IVL (Swedish Environmental Research Institute). The study was done in accordance with the GHG Protocol and identifies main contributors to the company’s emissions of greenhouse gases. According to the study, almost 90% of greenhouse gas emissions in the value chain occur outside of the HL Display’s own operations, emanating mostly from raw materials used in production processes, but also from transport of goods and the end-of-life treatment of products. Within HL Display’s operations, electricity used in production is the factor generating the biggest impact on carbon emissions.
Helping customers to reduce their environmental footprint
While reducing greenhouse emissions of HL Displays’s operations is a priority for the company, helping their customers to reduce their environmental footprint is of great importance as well. Therefore, HL Display launched HL Sustainable Choice in 2018, a growing range of merchandising solutions of renewable or recycled materials to support customers on their journey to a more sustainable store. Since its launch, the range has been growing continuously and expectations for 2020 are for HL Sustainable Choice to generate sales of 200 MSEK.
HL Display will be the second company within Ratos group to commit to Science Based Targets. Diab is already working to reduce its emissions according to the Science Based Targets.
For further information, please contact:
Peder Clason, HL Group Marketing Director, +46 0720 776145, peder.clason@hl-display.com
Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50, helene.gustafsson@ratos.se
About Ratos:
Ratos is a corporate group consisting of 12 companies divided into three business areas: Consumer & Technology, Construction & Services and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop mid-sized companies headquartered in the Nordics that are or can become market leaders. We enable independent mid-sized companies to excel by being part of something larger. A focus on people and leadership, culture and values are key components of Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.
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