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Beko Achieves Science Based Targets Initiative Validation

Beko, an international leader in home appliances, has reached a significant milestone in its sustainability journey by securing validation from the Science Based Targets initiative (SBTi) for its ambitious near-term and net-zero targets aligned with the 1.5°C climate goal. This achievement is a testament to Beko's commitment to reducing greenhouse gas emissions across its value chain, focusing not only on production but also on the entire lifecycle of its products.

The Importance of SBTi Validation

The SBTi validation is a recognition of Beko's dedication to environmental sustainability. It aligns with the global effort to limit climate change, as signified by the Paris Agreement, which seeks to keep the increase in global temperature to below 1.5°C above pre-industrial levels. This validation serves as an encouragement for Beko to push forward its environmental commitments, helping to establish clear guidelines and trajectories for carbon reduction.

Focus on Scope 3 Emissions

One of the critical aspects of Beko's sustainability strategy is its emphasis on addressing emissions from Scope 3, which accounts for a staggering 99% of its total emissions. The majority of these emissions—approximately 82%—arise from the use of sold products. Therefore, the company is channeling its efforts toward developing energy-efficient appliances that provide sustainability benefits across the value chain. Beko’s CEO, Hakan Bulgurlu, emphasizes the necessity of prioritizing eco-friendly innovation to support long-term environmental goals.

Beko’s Comprehensive Sustainability Targets

Beko has set ambitious goals as part of its commitment to sustainability. The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. In the near term, Beko targets a 42% reduction in absolute Scope 1 and 2 emissions by 2030, compared to a 2022 baseline year. In terms of Scope 3 emissions from the usage of sold products, Beko aims for a similar 42% reduction by the same year. For the long term, the goal is to cut absolute Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by 2050.

Collaboration is Key

Bulgurlu stresses that reaching these ambitious targets cannot be achieved in isolation. It requires collaborative efforts within the industry and partnerships with governmental bodies, scientists, and academia to create a comprehensive approach towards sustainability. As the company moves forward, it remains committed to fostering innovation, enhancing manufacturing processes, and improving packaging to ensure sustainable growth.

Beko’s Global Footprint

Beko operates on a global scale, with 55,000 employees across 58 countries and 46 production facilities. This extensive presence allows the company to leverage diverse insights and strategies to enhance its sustainability goals. In 2023, Beko reported a consolidated turnover of 8 billion Euros and became the largest white goods company in Europe, highlighting the impactful nature of its operations.

Conclusion

With the SBTi validation, Beko is positioned to not only improve its environmental performance but also to play a crucial role in the home appliance industry's journey towards a sustainable future. The commitment to refining its operational practices and the consistent drive for innovation will ensure that Beko remains a respected name in sustainability efforts while fulfilling its vision of 'Respecting the World, Respected Worldwide.' For more information on Beko's initiatives and impact, visit their Sustainability Report.