Electrolux recognized as world leader for action on climate change, sets new renewable energy target

STOCKHOLM, Sweden–(BUSINESS WIRE)–Electrolux (STO:ELUXA) (STO:ELUXB) has been identified as a global
leader in responding to climate change by CDP, the international
not-for-profit that drives sustainable economies. Electrolux said today
it is among an exclusive group of companies worldwide that have been
awarded a position on the CDP’s Climate A List for 2016. The company
also unveiled a new target to grow the share of renewable energy used in
its operations to 50%.

“Improving our climate impact is a core part of Electrolux
sustainability framework For the Better, and CDP’s assessment is one of
the most important external references showing we are at the forefront
of the industry,” said Henrik Sundström, Head of Sustainability Affairs
at Electrolux.

The Electrolux Group has a target for a 50% reduction of carbon
emissions by 2020. Two key factors in reaching this goal are improving
the energy efficiency of appliances, as usage represents around 80% of
the climate impact, and efficiency improvements in operations, which
already save Electrolux some 400 million SEK annually.

“We are now increasing our efforts to use more energy from renewable
sources,” Sundström said. “This year, we’ve signed an agreement to only
use renewable electricity in our European manufacturing of major
appliances, and are moving forward with setting new goals for the rest
of the world. Our ambition is that half of Electrolux energy should come
from renewable sources by 2020. This means we have to more than double
the share of renewable energy from today.”

CDP runs a global disclosure system for investors, companies, cities,
states and regions to manage their environmental impacts. Thousands of
companies submit annual climate disclosures to CDP for independent
assessment against its scoring methodology. Electrolux is among 9% of
participating corporations to be recognized for its actions to reduce
emissions and mitigate climate change in the past reporting year.

CDP’s chief executive officer Paul Simpson says: “We congratulate the
193 A List companies that are leading the charge towards our low carbon
future. Companies are key actors in enabling the global economy to
achieve its new climate goals, and the leadership of this group points
the way for others to take bold action and capitalize on the many
opportunities that await.”

Read more about the Climate A List here (https://www.cdp.net/en/research/global-reports/tracking-climate-progress-2016).
Read more about Electrolux work For the Better here (http://www.electroluxgroup.com/forthebetter).

Electrolux is a global leader in home appliances and appliances for
professional use, based on deep consumer insight. We offer thoughtfully
designed, innovative and sustainable solutions, developed in close
collaboration with professional users. The products include
refrigerators, ovens, cookers, hobs, dishwashers, washing machines,
vacuum cleaners, air conditioners and small domestic appliances. Under
esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and
Electrolux Grand Cuisine, the Group sells more than 60 million products
to customers in more than 150 markets every year. In 2015, Electrolux
had sales of SEK 124 billion and 58,000 employees. For more information
go to www.electroluxgroup.com

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