Logitech Commits to Remove More Carbon Than It Creates With a Climate Positive Approach
September 09 2021 - 3:01AM
Business Wire
All Logitech products and operations will be
carbon neutral in 2021
Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced
today that it is adopting a climate positive approach, addressing
its carbon footprint across the entire value chain (Scope 1, 2, and
3) to achieve carbon neutrality this year and setting the company
on a path to net zero by 2030, and beyond that, climate positive.
The world needs faster climate action to combat climate change and
its impacts. Therefore, Logitech is accelerating its previous
commitments in support of the Paris Agreement and RE100 and is
committing to remove more carbon than the company creates, shifting
to renewable energy sources and investing in restoration
programs.
“Climate change is one of the biggest challenges of our
generation. Yet reduction of the net carbon output levels caused by
human action isn’t happening fast enough – we need to do more now
to help shape a climate positive future,” states Bracken Darrell,
CEO of Logitech. “We are accelerating our climate strategy to be
carbon neutral this year, across all of Logitech activities and
products. We will be net zero by 2030 with an ultimate goal to
become climate positive. We’re going beyond what countries have
committed to in the Paris Agreement and we’re doing it 20 years
earlier because it’s work that cannot wait.”
Accelerating action towards the 2050 goals of the Paris
Agreement and the UN Framework Convention on Climate Change demands
an expanded climate action strategy. In order for Logitech to adopt
the more ambitious goal of net zero by 2030 and climate positive
thereafter, the company is taking action with science-based targets
that support a Reduce - Renew - Restore strategy with specific
programs focused on minimizing energy-intensive products and
activities across the company’s product portfolio, operations,
value chain and product lifecycle.
Reduce, Renew, Restore Strategy
Reduce: Logitech’s commitment to Design for
Sustainability is reinforced throughout all stages of the design
and engineering process to reduce a product's potential carbon
footprint with innovation in materials, energy efficiency,
packaging, production processes, circularity and more - essentially
eliminating carbon impact before it arises. The intention is also
to revise and update existing products and processes to reduce the
impact of existing activities year-on-year. Many Logitech products
have already switched to using post consumer recycled plastics and
recyclable packaging among other lower carbon options.
Renew: Utilizing renewable electricity is an integral
component to Logitech’s energy strategy. Where absolute energy
demand cannot be reduced, it will be transitioned to renewable
energy sources such as Solar and Wind. Logitech uses a
science-based approach in conjunction with life-cycle analysis
capability to determine the company's direct carbon emissions
(Scope 1 & 2) and indirect value chain emissions (Scope 3).
Work is already underway with suppliers and other stakeholders to
transition Logitech’s footprint to renewable electricity via direct
access to renewable utilities, on-site generation, and purchase of
energy attribute certificates (EACs).
Restore: Adopting a climate positive approach involves a
commitment to balance the full scope of emissions (Scope 1, 2, and
3). Over the next nine years, Logitech will progressively increase
investments in third-party certified, nature-based, renewables and
social projects to avoid carbon emissions, as well as remove carbon
out of the air. With climate impacts becoming apparent, Logitech
recognizes the urgent need to invest in and support forestry
conservation, renewable energy infrastructure, new carbon sinks and
climate-impacted communities. This year, Logitech is expanding its
restoration investments through a multi-year carbon sequestration
project in Fangcheng County, Henan Province, China - planting over
40 million trees. Logitech will eliminate more than 1 million tCO2
year-on-year, with our Reduce-Renew-Restore strategy in 2021 alone.
Logitech plans to progressively increase investment in projects
that capture and remove carbon, to rectify the damage caused over
the last century and restore natural environments.
“We have reaffirmed our commitment to climate action and
accelerated our program to reach the 1.5oC goal in support of the
Paris Agreement 20 years earlier than anticipated,” states Prakash
Arunkundrum, Head of Global Operations and Sustainability.
“Science-based reduction targets are driving our momentum and we
recognize that business as usual must fundamentally change, to
adapt to the changing environment around us. Driving innovation in
materials, measurement tools, and technical design processes, as
well as collaborating across industries, helps us along our path
towards reducing carbon emissions and accelerating towards a
decarbonized economy.”
Logitech has the ambition to positively impact sustainability in
the consumer electronics industry and is proactively taking an
innovative approach to environmental and social sustainability. In
addition to the company’s climate positive approach, Logitech is
the first consumer electronics company to commit to providing
detailed carbon impact labeling on product packaging across the
entire portfolio. Learn more about all of Logitech’s sustainability
initiatives in the 2021 Sustainability report or on the
website.
About Logitech
Logitech helps all people pursue their passions by designing
experiences so everyone can create, achieve, and enjoy more.
Logitech designs and creates products that bring people together
through computing, gaming, video, streaming and creating, and
music. Brands of Logitech include Logitech, Logitech G, ASTRO
Gaming, Streamlabs, Blue Microphones, Ultimate Ears and Jaybird.
Founded in 1981, and headquartered in Lausanne, Switzerland,
Logitech International is a Swiss public company listed on the SIX
Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI). Find Logitech at www.logitech.com, the company blog or
@Logitech.
(LOGIIR)
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Nicole Kenyon Head of Global Corporate & Employee
Communications - USA (510) 988-8553
Marie Perriard Head of Sustainability Communications - USA
mperriard@logitech.com
Ben Starkie Corporate Communications - Europe +41 (0)
79-292-3499
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