Leaders of the world are attending the UN General Assembly in New York and The LEGO Group CEO Niels B. Christiansen along with 26 other Danish businesses have urged others companies to commit to a greener future. LEGO hopes to achieve net-zero greenhouse gas emissions by 2050 and is part of their overall plan to reduce greenhouse gas emissions by 37% by 2032.
LEGO Group CEO joins Danish businesses in calling for companies and policymakers to stand together globally for a just and green transition to a net-zero future
Billund, September 18, 2023: Today, as leaders of the world are convening at the UN General Assembly in New York LEGO Group CEO Niels B. Christiansen has joined CEOs from 26 Danish businesses, to support UN Secretary-General Guterres’ call for ambitious and credible commitments and clear and transparent plans to “rescue the SDGs”.
The LEGO Group is committed to playing its part in building a better planet for our children to inherit. In August 2023, the company pledged to work with the Science Based Targets initiative to achieve net-zero greenhouse gas (GHG) emissions (Scope 1, 2 and 3 emissions) by 2050.
The pledge is an extension of its existing near-term climate target to reduce GHG emissions by 37% by 2032 from a 2019 base, which was previously approved by the SBTi.
A Carbon KPI, which will be tied to executive remuneration from 2024, will track progress towards carbon omissions and science-based targets.
To meet this ambition, the company has recently announced its plans to triple investment in environmental sustainability over the next three years, particularly in areas that will help reduce GHG emissions, spending more than $1.4 billion on sustainability-related activities.
This includes:
• Designing buildings and sites to be carbon neutral run.
• Increasing capacity and production of renewable energy at our site, including factories, offices, and stores.
• Taking CO2 emissions into account across all business decisions, including implementing a Carbon KPI which will be tied to our executive remuneration from 2024.
• Joining forces with suppliers to collectively reduce environmental impact.The CEO statement represents a unified commitment to global sustainability, advocating for concrete and measurable actions, transparency, and global public-private collaboration. In the statement, 27 CEOs
reaffirm their commitment to the UN Global Compact Network, the SDGs, and the principles of the Paris Agreement,
outline actions they commit to undertake to meet net-zero targets,
address the importance of ensuring a just transition,
give recommendations for how governments across the world can enable a faster green business transformation
call upon Danish regulators and policymakers to support their efforts, level the playing field, and incentivize sustainable choices in continued public-private solid partnerships.At the LEGO Group, we firmly believe in the power of collaboration. As we move forward with clear actions and targets towards a more sustainable future, we remain committed to working with world leaders, our peers in the private sector, and others to accelerate efforts on climate action.
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