Alligo’s climate targets validated by Science Based Targets initiative
The Science Based Targets initiative (SBTi) has approved Alligo’s science-based targets for reducing greenhouse gas (GHG) emissions, including the company’s long-term net-zero target for 2050. The targets cover emissions across Scope 1, 2 and 3 and are aligned with the emissions reductions required to limit global warming to 1.5°C.
– We are proud that our climate targets have been validated by SBTi. This is a strategically important milestone that further strengthens Alligo’s position as one of the sustainability leaders in our industry. The approval also supports our ability to meet growing customer expectations and requirements, says Clein Ullenvik, President and CEO of Alligo.
As a leading Nordic player, Alligo has made a clear commitment to reduce its climate impact. By setting requirements for suppliers and offering sustainable and safe products, the Group actively contributes to addressing the climate challenge.
– The majority of Alligo’s climate impact arises from the production of the products we sell. We look forward to working closely with our suppliers to encourage them to set climate targets and join us in contributing to limiting global warming, Clein Ullenvik continues.
Alligo’s SBTi-validated near- and long-term climate targets
Alligo’s overarching objective is to reduce emissions across the Group’s entire value chain and reach net-zero emissions by 2050.
Near-term targets (by 2030):
- Scope 1 and 2: Reduce absolute GHG emissions by 42 per cent by 2030, compared to the 2023 base year.
- Scope 3: Ensure that 72 per cent of Alligo’s suppliers – based on spend on purchased goods, indirect procurement and transport – have science-based targets in place by 2029.
Long-term target (by 2050):
- Reduce absolute GHG emissions across Scope 1, 2 and 3 by 90 per cent by 2050, compared to the 2023 base year.
About SBTi
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
For further information, please contact:
Clein Ullenvik, CEO & President
Irene Wisenborn Bellander, CFO
Phone +46 8 712 00 00
ir@alligo.com
About Alligo
Alligo is a leading player in workwear, personal protection, tools and consumables in the Nordics. Sales mainly take place through the concept brands Swedol in Sweden and Tools in Norway and Finland, via stores, field sales and telesales, digital sales and on-site service. Alligo also has non-integrated businesses in selected product and technology areas, such as product media, welding and batteries which operate stores under their own brands. The group has around 2,500 employees and a turnover of around SEK 9.3 billion per year. Alligo AB (publ) is listed on Nasdaq Stockholm. Read more at alligo.com