Groupe SEB Sets New Standards for Sustainability and Growth

Groupe SEB Commits to Net-Zero Emissions

Groupe SEB has made a significant commitment to address climate change by actively participating in the Science-Based Targets initiative (SBTi), reaffirming its dedication to achieving net-zero emissions in the foreseeable future.

New Targets Validated by SBTi

Recently, Groupe SEB announced new emission reduction targets across its operations, which have received validation from the SBTi. This validation is a critical step that emphasizes the company's commitment to following the latest scientific guidance on climate action.

Decarbonization Goals

The targets aim to significantly cut Greenhouse Gas (GHG) emissions by 2030 and 2050, reflecting the group's strategic vision of contributing to the global effort to limit temperature increases to 1.5°C. The specific goals include:

• Reducing absolute GHG emissions for scopes 1 and 2 by 42% by 2030.
• Reducing absolute GHG emissions for scope 3 by 25% by 2030.
• Aiming for net-zero emissions by 2050, achieving a 90% reduction in absolute GHG emissions across all scopes.

Holistic Approach to Sustainability

To accomplish these ambitious environmental targets, Groupe SEB is taking a comprehensive approach that includes its entire value chain. This holistic strategy engages various partners, from suppliers to consumers.

Supplier Collaboration

Groupe SEB is committed to collaborating closely with its suppliers to increase the use of recycled materials and raise awareness about climate impacts. This multi-faceted collaboration is vital for effective supply chain management and promotes sustainability across all operations.

Operational Efforts

Within its own operations, Groupe SEB is implementing various measures to optimize energy consumption. The aim is to increase the share of low-carbon electricity utilized in its manufacturing processes, thereby minimizing GHG emissions.

Improving Product Efficiency

Beyond production, the company also focuses on enhancing the energy efficiency of its products, encouraging consumers to use them in ways that align with sustainability efforts. This proactive approach helps to lessen the overall environmental impact associated with product use.

Stanislas de Gramont, CEO of Groupe SEB, articulated the company's mission, stating that their products are designed to enhance consumer experiences while maintaining a commitment to minimizing environmental footprints. This validation from SBTi underscores their dedication to integrating climate strategies into every aspect of operations.

Key Dates for Groupe SEB

Looking ahead, Groupe SEB has outlined several important dates for upcoming presentations and announcements that will showcase its performance and progress:

• January 23: Provisional sales for 2024 after market closes.
• February 27: Presentation of 2024 results before market opens.
• April 24: First-quarter 2025 sales and financial data after market closes.
• May 20: Annual General Meeting at 2:30 p.m.
• July 23: First-half 2025 sales and results after market closes.
• October 23: Nine-month sales and financial data for 2025 after market closes.

Groupe SEB's Global Presence

As a world leader in small domestic equipment and professional coffee machines, Groupe SEB boasts a diverse portfolio of 40 renowned brands. The company sells over 400 million products annually and is consistently focused on innovation, competitiveness, and customer service across more than 150 countries. In the previous year, Groupe SEB generated significant revenues, and its workforce comprises over 31,000 personnel worldwide.

Frequently Asked Questions

What is Groupe SEB's target for net-zero emissions?

Groupe SEB aims to achieve net-zero emissions by 2050, with intermediate targets including a 42% reduction in scopes 1 and 2 GHG emissions by 2030.

How does Groupe SEB plan to reduce its emissions?

The company plans a comprehensive approach, including partnerships with suppliers, optimizing energy usage in manufacturing, and enhancing product energy efficiency.

What are the upcoming key dates for Groupe SEB?

Key dates include provisional sales for 2024 on January 23 and 2024 results on February 27, among others.

Which brands does Groupe SEB operate?

Groupe SEB operates well-known brands such as Tefal, Krups, Moulinex, and Rowenta, which contribute to its diverse portfolio.

How does Groupe SEB support its sustainability goals?

Groupe SEB collaborates with stakeholders and commits to reducing material impact throughout its operations and product lifecycle.

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