Assa Abloy (ASSA) Sustainability Seminar 2025 summary

Strategic approach to sustainability

• Sustainability is a core driver for profitable growth, integrated into all business operations and innovation processes, with each division responsible for its own agenda within group guidelines.

• The company is ahead of most 2025 sustainability program targets, including energy and water intensity, hazardous waste, and organic solvent reduction, while continuing to focus on improving injury rates and integrating new acquisitions.

• Science Based Targets are central, with a 50% reduction goal for Scope 1 and 2 emissions and 28% for Scope 3 by 2030; current reductions are 36% for Scope 1 and 2, and 10% for Scope 3.

• Sustainability is embedded in executive incentives, governance structures, and is regularly reviewed at board level, with a strong focus on compliance and proactive regulatory alignment.

• The company is a year ahead in CSRD reporting, integrating sustainability data and double materiality assessments into financial and strategic planning, with the first CSRD report to be published in March 2025.

Commercialization and innovation

• Sustainability drives commercial opportunities, especially in retrofit solutions, circularity, and green building certifications, with growing demand for sustainable products and digitalized, connected solutions.

• The AI-powered EcoLogic system optimizes automated door behavior, reducing energy loss and operational costs, with pilots underway and significant potential for scaling.

• Sustainable product innovation is guided by the Sustainability Compass, lifecycle assessments, and portfolio planning tools, targeting material and energy use reductions and enabling circularity.

• Environmental Product Declarations (EPDs) are widely used, with 267 EPDs in place, supporting transparency and regulatory compliance.

• All new products must reduce their carbon footprint by at least 20% and include a sustainability value proposition.

Operational and supply chain progress

• Major reductions in energy, water, and waste intensity have been achieved through infrastructure upgrades, process improvements, and best practice sharing across sites.

• Supplier engagement is critical for Scope 3 reductions, with 95% of spend covered by signed Codes of Conduct and 100% of direct material suppliers in risk countries audited.

• Sustainability audits and continuous improvement processes are in place, with a focus on business ethics, human rights, and environmental responsibility.

• Supplier summits and individual engagement drive alignment on CO2 reduction, with examples of ambitious suppliers contributing to shared goals.

• The company is integrating acquisitions into emissions reporting and Science Based Targets, with dedicated teams supporting rapid knowledge transfer and alignment.