In 2024, the VELUX Group reduced emissions from its own operations by 11% – a 60% decrease from the baseline year in 2020, bringing the company one step closer to its operational emissions target by 2030. VELUX also accelerated its biodiversity and circularity efforts and launched new initiatives within both areas. This progress was documented in the company’s Sustainability Report 2024, launched today.
The VELUX Group has seen a steady reduction in its emissions from own operations (scope 1 and 2) from 52kt CO2e in 2020 to 21kt CO2e in 2024. This is a total reduction of 60% – whereof 11% is achieved in 2024 primarily due to an ongoing switch to renewable energy sources and improvements in energy efficiency at VELUX productions sites.
The VELUX Group also continued its efforts on reducing scope 3 emissions in its value chain in 2024. Scope 3 emissions decreased slightly to 1,153kt CO2e – a 0,53% decrease compared to 2023. This is primarily due to efforts to procure and incorporate lower carbon materials in VELUX products. VELUX furthermore entered a long-term agreement with ArcelorMittal to ensure a ten-year guaranteed supply of lower-carbon-emission-steel.
A strengthened focus on circularity and biodiversity
In line with the VELUX Group’s ambition to integrate circularity across its value chain, the company initiated four circularity projects across different markets in 2024 to test circular business opportunities in customer offerings. The aim is to gather insights into areas such as take back schemes, refurbishment and maintenance service to be able scale the principles.
In 2024, the VELUX Group accelerated its efforts to protect and enhance biodiversity – an essential foundation for resilient ecosystems and long-term business success. A new methodology was developed to assess biodiversity at VELUX sites, along with a catalogue of concrete actions to improve local ecosystems. The first assessments at six sites in Denmark, Poland, Italy, and Hungary established a baseline to guide future improvements.
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