Husqvarna Group's 2021 Sustainovate report - Electrification and innovation drives industry shift to a low-carbon, resource-smart economy

STOCKHOLM, March 17, 2022

"Electrification encapsulates our ambition to lead the industry transition into low-carbon, resource-smart solutions. Through innovation, collaboration and driving the transition together with our customers we can really make a difference and contribute to the goal of limiting temperature rise to 1.5° C", says Henric Andersson, CEO and President of Husqvarna Group.

Growing the market for electrified products is key for the Group's aspiration to reduce absolute CO2 emissions and empower its customers and consumers to make more sustainable choices since about 90% of the CO2 footprint relates to products in use. During the year the Group raised its ambitions for electrification to reach 67% of (motorized) sales within five years including double the sales of robotic mowers.

Sustainovate 2025 encompasses three main opportunities – Carbon, Circular and People. Some of the year's highlights:

Carbon: The group has achieved a -27% reduction in CO2 emissions since 2015 and stays committed to reducing another 8% over the next four years to reach the target of –35% by 2025. Two key battery solutions were launched, the CEORA professional robotic mower and K 1 PACE power cutter, marking the start of electrification in two professional segments ultimately making it easier for customers to make more sustainable choices.

Circular: The Group stays on track to achieve the target of launching 50 circular innovations before 2025. This year, the Group launched two circular innovations and nine are under consideration. EcoLine – Gardena Division's range of garden tools made with recyclable material – received the German Sustainability Reward for sustainable products.

People: By 2025 the Group will have empowered 5 million customers and colleagues to make sustainable choices. This will be achieved through partnerships, learning from others and engaging in issues with an opportunity to affect change.