Table of contents
Planet
Methodological Approach In line with the GHG Protocol’s requirements for Category 11, we calculate the emissions of products sold in a given financial year over their entire expected lifetime. For outdoor lighting products, we use a standard lifetime of 100,000 operating hours. This lifetime-based accounting approach ensures consistency and comparability, as well as alignment with international carbon accounting standards. Our Performance in 2025 Based on this methodology, the total emissions from products sold in 2025 totalled 3.29 million tonnes of CO₂e. This represents a: • 30% reduction compared to 2024 (4.28 million tonnes); • 48% reduction compared to the 2019 baseline (6.33 million tonnes). This result significantly exceeds our near-term SBTi target of reducing emissions by 27.5% by 2030 compared to 2019 levels. In fact, it effectively doubles the targeted reduction, achieving it five years ahead of schedule. The reduction reflects: • the continued increase in sales of connected and smart solutions; • improved product energy efficiency; • a growing share of lower-carbon solutions, including solar products. However, it is important to note that a significant proportion of the reduction is due to a decrease in overall sales volume in 2025 and a greater proportion of sales in markets with lower-carbon electricity generation. In line with CSRD transparency requirements, we recognise that these structural and market-related factors also affected performance.
Scope 3 Emissions 3.11 Use of Sold Products (tCO2e)
Scope 3 Emissions Scope 3 emissions comprise all other indirect greenhouse gas emissions occurring across the Schréder value chain, both upstream and downstream, as defined by the Greenhouse Gas Protocol (GHG). As a global lighting manufacturer, our most significant climate impact comes from downstream emissions, particularly during the use phase of sold products. Target Setting and Strategy In 2023, Schréder set a near-term science-based target to reduce Scope 3 emissions by 27.5% by 2030 compared to the 2019 baseline. This target was validated by the SBTi. As approximately 98% of our total Scope 3 emissions originate from Category 11 (Use of Sold Products), our near-term Scope 3 target has been defined and capped for this category in line with the SBTi’s target-setting rules. 4 To deliver this reduction, we have identified three strategic levers: • increasing the share of connected and smart lighting solutions in our sales mix; • expanding the sales of solar-powered products; • improving product energy efficiency. These actions are embedded in our product development roadmap and commercial strategy, forming a core part of our decarbonisation pathway.
6,33M
6M
5M
4,73M
SBTI Target 2030
3,29M
4M
3,29M
3M
2025
2019
2024
Future Strategy To ensure structural and sustainable reductions in emissions, independent of market fluctuations, we will: • further accelerate the transition towards smart, connected and solar-based solutions; • continue to improve the energy performance of our products; • work closely with customers to deliver energy- efficient lighting systems that reduce lifetime emissions. Given the significance of Scope 3 emissions in our climate profile, these actions are pivotal to our long- term decarbonisation strategy and our commitment to the 1.5°C pathway.
(4) SBTi requires that at least 67% of the total reported and excluded mandatory scope 3 emissions are covered under target(s). https:// sciencebasedtargets.org/faqs#which-emissions-are-mandatory-for- companies-to-include-in-their-sbti-validation
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