#Sustainability #Sweden #Stockholm #Access Solutions #ASSA ABLOY

ASSA ABLOY Releases Annual Report for 2024

ASSA ABLOY, recognized as the global front-runner in access solutions, has officially released its Annual Report for 2024. This comprehensive document, now available on the company's website, details the firm’s trajectory, achievements, and strategic direction within a challenging market environment.

Nico Delvaux, the President and CEO, reflected on a year filled with significant milestones. He stated, "We can look back at a successful year in which ASSA ABLOY reached several milestones. In a challenging market, we delivered record earnings, with the operating margin aligned with our financial targets."

In a noteworthy accomplishment, ASSA ABLOY met its Scope 1 and 2 carbon emission reduction target one year ahead of schedule. This achievement underscores the company’s commitment to environmental responsibilities, highlighting its aim to lead the industry not only through innovation but also through sustainable practices.

2024 marked the 30th anniversary of ASSA ABLOY, celebrating three decades of remarkable advancement and leadership in providing secure access solutions. Delvaux emphasized the company’s focus on innovation, stating, “With continued focus and investments in innovation, we have a favorable position from which we will continue to lead our industry going forward.”

Further enhancing the Annual Report, ASSA ABLOY has included its inaugural Corporate Sustainability Report Directive (CSRD), also a first ahead of the mandated requirements. This section of the report provides in-depth insights into the company’s sustainability initiatives and key accomplishments throughout 2024.

Not only does the report capture the highlights of the past year, but it also sets the stage for the future. ASSA ABLOY is poised to expand its market position by consistently improving its offerings and enhancing user experiences across access and security solutions. The firm operates globally, employing over 63,000 individuals and achieving sales exceeding SEK 150 billion, reinforcing its stature in areas such as efficient door openings and entrance automation.

For more information, stakeholders can reach out to Björn Tibell in Investor Relations or Christiane Belfrage in Corporate Communications, whose contact details are provided in the report.

As the market evolves, ASSA ABLOY remains committed to maintaining secure environments for users across the world, paving the way for inclusive access to both physical and digital spaces. This report not only encapsulates the firm's success in a challenging landscape but also embodies its vision for a sustainable and secure future.