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Industry leader in sustainable development, Arçelik recommends more ambitious targets for reducing GHG emissions of scope 1, 2 and 3 at COP26

The leading manufacturer of household appliances Arçelik stresses the importance of energy efficiency in products and the reduction of Scope 3 emissions in the conduct of decarbonisation at COP26

ISTANBUL, November 9, 2021 / CNW / – Arçelik A.Ş. (ARCLK: IST, “Arçelik”), the world’s leading manufacturer of consumer durables and electronics, has announced its commitment to the goals of the Paris Agreement, resubmitting more ambitious science targets for their emissions of scope 1, 2 and 3, pushing for a reduction of 50.4% on the three perimeters.

Hakan Bulgurlu (Arçelik, CEO), Fatih Birol (Executive Director, IEA), Mai-Britt Poulsen (Managing Partner, BCG)

The initial objectives of Arçelik conforming to a scenario of degree well below 2C were approved by the Science Based Targets (SBTi) initiative in november 2020, however, Arçelik chose to be more daring by submitting a target of 1.5 ° C in August 2021, which is under review by SBTi for final approval. This, coupled with the decision to introduce a net zero target across the entire value chain by 2050, which will serve to limit global temperature rise to 1.5 ° C above pre-industrial levels, highlights Arçelik’s ever-growing commitment to a sustainable future and the company’s commitment to the Paris Agreement.

Analysis by the International Energy Agency (IEA) indicates that bold steps must be taken to meet the global net zero goals. Too often overlooked, energy efficiency delivers high impact emissions savings at low marginal abatement costs. If the world is to have a chance of meeting the net zero goals, energy efficiency must be a priority.

This comes in tandem, with Hakan Bulgurlu, CEO of Arçelik, joining the Climate Leaders Alliance of the World Economic Forum. A group of 70 global CEOs, who encourage cross-sector collaboration to accelerate the transition to a net zero economy.

Friday 5e November to 11:15 GMT, Arçelik 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 reducing Scope 3 emissions. The panel focused on how companies should drive net zero ambitions through sound decarbonization roadmaps. on science, and the essential role that Scope 3 shows play in making them happen. In addition to discussing the Paris Agreement, clean energy transitions and what manufacturers can do to reduce emissions.

Commenting on the announcement, Hakan Bulgurlu said “Two-thirds of global emissions now come from developing countries, but only one-fifth of clean energy investments are made there. Manufacturers like Arçelik and our partners in these countries have a collective responsibility to pave the way for energy transformation. We continue to innovate and create ways – not only to transform our products and services, but also every household our products enter. Arçelik constantly 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 by 50.4% resulting from the use of our products sold is something we are extremely proud of. Now we are calling on other companies to join us in this fight and recognize how they can make change and stop the devastation of the environment. ”

Dr. Fatih Birol, noted: “The IEA analysis shows the importance of immediate and sustained progress in energy efficiency over the next ten years towards net zero. Improving energy efficiency in all sectors ensures that consumers and governments can also access a wider range of benefits. It is no longer obvious. than in the case of product efficiency, which has already halved the energy consumption of major household appliances in many markets, reducing demand for electricity while allowing households to benefit from lower costs.

NOTES TO EDITORS

ABOUT ARÇELIK’S REVISED SCIENTIFIC OBJECTIVES (STILL UNDER REVIEW BY SBTi):

  • Arçelik has revised its original scientific goals, in order to contribute to global efforts to limit global warming to 1.5 ° C, compared to pre-industrial levels.

  • The company has committed to reducing its absolute Scope 1 and Scope 2 emissions, and its absolute Scope 3 emissions from the use of its sold products by 50% by 2030, compared to the year of 2018 benchmark. Scope 3 is often overlooked by companies because it requires them to reduce carbon emissions generated across the entire value chain, including emissions generated by the extraction of raw materials, logistics, transport, product use phase and end of product life.

  • World leader in sustainable development, Arçelik has succeeded in becoming carbon neutral in global production plants1 (Scope 1 and 2) in 2019 and 2020, and was named industry leader in the Sustainable Household category for the 2sd consecutive year in the Dow Jones Sustainability Index. Arçelik was also recognized as an industry driver in the S&P Sustainability Yearbook 2021 and received a Gold Class Sustainability Award. In addition, Arçelik was selected as the most sustainable home appliance company to enter the Corporate Knights Global 100 ranking of the most sustainable companies in the world. With its leadership position in sustainability and a credible decarbonisation roadmap to achieving net zero, Arçelik has become the first and only company in its industry to receive the Terra Carta seal of HRH the Prince of Wales.

ABOUT ARÇELIK’S APPROVED SCIENTIFIC OBJECTIVES:

  • Arçelik had previously committed to reducing its absolute GHG emissions for scopes 1 and 2 by 30% by 2030 compared to the 2018 reference year.

  • Arçelik also undertakes to reduce by 15% the absolute GHG emissions of scope 3 linked to the use of products sold over the same period.

  • The targets covering GHG emissions from the company’s operations (scopes 1 and 2) are consistent with the reductions required to keep global warming “well below 2 ° C”.

IN REGARDS TO ARÇELIK

With more than 40,000 employees worldwide, Arçelik’s global operations include sales and marketing offices in 48 countries, and 28 production sites in 9 countries and 12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko). As Europe second largest household appliance company by market share (volume-based), Arçelik’s consolidated turnover reached 4.3 billion US dollars in 2020. Arçelik’s 30 R&D and design centers and offices around the world are home to more than 1,700 researchers and to date hold more than 3,000 international patent applications. In 2020, Arçelik was named “Industry Leader” in the Household Durables category for the 2nd consecutive year in the Dow Jones Sustainability Index and, in accordance with the PAS 2060 carbon neutrality standard, became carbon neutral in Scopes 1 and 2 in the manufacturing world in 2019 and 2020 with its own carbon credits. With its leadership position in sustainability and a credible decarbonisation roadmap to achieving net zero, Arçelik has become the first and only company in its industry to receive the Terra Carta seal of HRH the Prince of Wales. Arçelik’s mission is “Respect the world, be respected throughout the world”.

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 the Arçelik-LG A / C joint venture plant in Turkey are excluded from calculations.

Photo – https://mma.prnewswire.com/media/1681787/Arcelik_Commitment_to_Paris_Agreement_Goals.jpg
Logo – https://mma.prnewswire.com/media/1653921/Arcelik_Logo.jpg

(PRNewsfoto / Arcelik)

(PRNewsfoto / Arcelik)

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