Press Release - 20.11.2023 - 08:00

Lars Larsen Group commits to reducing emission of greenhouse gases

Lars Larsen Group and the subsidiaries JYSK, Actona Group, Bolia, ILVA, SOFACOMPANY, and ScanCom International sign up for the Science Based Targets initiative (SBTi).

By signing up to the internationally recognized SBTi, Lars Larsen Group commits to meeting the objectives of the Paris Agreement with the ambition of keeping the temperature rise to a maximum of 1.5 degrees. At the same time, Lars Larsen Group is working to halve the direct and indirect greenhouse gas emissions of the company, from e.g. vehicles, electricity, and heating, before 2030.

”Like many others, I too am concerned by witnessing the more and more extreme weather conditions in Denmark as well as the rest of the world. Our commitment to SBTi is an expression of our desire to be part of the solution and contribute to limiting global warming, which is completely in line with our other measures in the climate area and our fundamental values of acting responsibly,” says President and CEO of Lars Larsen Group, Jesper Lund.

Coordinated effort with individual goals

Though the commitment to SBTi is part of a collective effort in Lars Larsen Group, the companies have also signed up individually due to their different starting points and options for reducing their emissions.

"It makes sense to operate with a common climate goal at group level,” says Jesper Lund and elaborates: “Simultaneously, our companies are also each targeting their efforts towards the parts of their value chains where they are able to make the biggest impact in terms of reducing their emissions, so we can all achieve our climate ambitions,” he says.

Across the companies, the work to calculate the full CO2e baseline is ongoing, which will indicate where the companies can find the biggest reductions to reach their individual goals.

“It is a demanding process which calls for a lot of data, analyses, and documentation, and thus requires a big effort from our companies,” says Jesper Lund. “That being said, it is the most responsible step to take given the situation we are faced with,” he concludes.

Lars Larsen Group is working on being able to report on data for scopes 1, 2, and 3 in connection with the annual reporting for the financial year 2023/24.