Foreword from our CEO Through innovation, Schréder can differentiate itself with sustainable products and solutions. The Schréder Group had a remarkable year in 2023; revenue grew by 11% from the previous year, outperforming the market, while our market share increased. We were pleased to see that in a year of such growth, we reduced our total carbon footprint by 2.5% 1 . A significant proportion of this growth was driven by new products that emit less carbon during the manufacturing process. These products are also more efficient during the use phase, which also contributes to the reduction of both our own, and our customers’ carbon footprint. During 2023, we continued our journey to optimise lighting designs with a wider range of photometries that require less light output and therefore less energy. They also reduce light spill and light pollution, supporting biodiversity. We launched new solar lighting solutions and a range of retrofit kits. These retrofit kits allow existing luminaires to be upgraded and reused, supporting circularity. Lastly, our smart and connected lighting business grew very strongly. This allows our customers to dynamically dim their luminaires based on real-time requirements, further reducing energy consumption.
Our SBTi commitment has been submitted and accepted. This means that we will align with the objectives of the Paris Agreement on climate change and commit to reducing our Scope 1 and 2 emissions by 52.5% and our Scope 3 emissions by 27.5% by 2030 from a 2019 base year. We have a solid plan to get there and we are passionate about delivering on this commitment. We also progressed well on our other sustainability objectives: a plan was developed to inventory the requirements needed to comply with Dark Sky regulations; our Schréder Together Fund supported six associations in 2023 and more than 20 candidates responded to our new call for projects; our Diversity, Equity and Inclusion (DEI) survey showed that we were doing well overall, and our DEI Manifesto was published. However, we did not make progress on our ambition to hire more women; we will pursue this goal with renewed focus in 2024; strong progress was made in assessing sustainability risks in our supply chain, coupled with audits where relevant; we developed and published our Human Rights Policy; the Schréder Ethical Advisory Panel was established to advise our Executive Team and Board on ethical dilemmas. The team consists of a diverse group of employees from different functions supported by external expertise on the subject. These efforts have improved our EcoVadis sustainability score, leading to the renewal of our EcoVadis Gold status in 2023.
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(1) Reduction of emissions from category 3.11 Use of sold products, representing 98% of total reported emissions, as per GHG Protocol classification, from 2022 to 2023. Reported figures can be found on page 67.
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