The VELUX Group has committed to a 100% reduction in scope 1&2 by 2030, and we are currently on track to achieve this operational emissions target. This reduction target is part of our commitment to the Science Based Targets initiative in line with the most ambitious pathway of the Paris Agreement.
To achieve our target, we are currently transitioning to 100% renewable energy and investing in energy efficiency across all our sites. We are investing in bioboilers that use onsite wood waste from certified forestry, heat pumps, and other renewable solutions for our production sites.
Committed to 100% renewable electricity
In 2020, the VELUX Group joined RE100. This global initiative brings together influential businesses committed to accelerating change towards zero carbon grids at scale. By joining RE100, VELUX has committed to sourcing 100% renewable electricity by 2023. This target was met in 2023.
To secure additional renewable electricity, we have signed two renewable Virtual Power Purchase Agreements (PPAs) enabling two new solar (photovoltaic) PV parks in Spain. Once connected to the grid in 2024 and 2025, these new solar parks will generate 167GWh of renewable electricity each year. That is enough power to cover all VELUX Group European operations today - and several years ahead - and it constitutes about 90% of our current global electricity consumption.
The remaining renewable power is supplied by onsite solar PV installations and purchase of renewable power certificates in countries where PPAs are not yet possible.
The VELUX Group signed virtual power purchase agreements with BayWa r.e. that will drive the development of two new solar parks in southern Spain.
When both projects are completed and connected to the grid, the solar plants will generate enough power to cover all the VELUX Group’s European operations.
Energy efficiency – the first fuel
We are constantly looking for new ways to enhance energy efficiency. Since 2010 this has been our strategy, and we started with a focus on investing in our production sites with the biggest energy consumption. We have set an initiative to reduce energy intensity by 2030 by 56% compared with the baseline year 2015.
In the VELUX Group, 98% of our carbon footprint relates to scope 3 emissions and comes from outside our own operations - the majority from the materials used in our products. To reach our ambitious targets of reducing CO2e from our value chain, we have identified and are working with several decarbonisation levers.