#Sustainability #Sweden #Stockholm #Annual Report #ASSA ABLOY

ASSA ABLOY, recognized globally as a leader in access solutions, has recently released its Annual Report for the year 2024. This report, available on their official website, outlines the company's accomplishments and future direction. CEO Commentary Nico Delvaux, the President and CEO of ASSA ABLOY, expressed pride in the company’s performance during a challenging market landscape. He highlighted that ASSA ABLOY not only reached record profits but also accomplished its Scope 1 and 2 carbon emission reduction goal one year ahead of schedule. In his statement, Delvaux noted, "In a challenging market we delivered record earnings with the operating margin in line with our financial target." Key Milestones The year 2024 also marked a significant milestone for ASSA ABLOY, as it celebrated its 30th anniversary. Established in 1994, ASSA ABLOY has transformed from a regional player to the global leader in access solutions, constantly innovating to remain at the forefront of the industry. This report reflects on the achievements made during these three decades and the continued investments in innovation that ensure the company's leadershi Sustainability Focus Notably, the Annual Report features ASSA ABLOY's first Corporate Sustainability Report Directive (CSRD), which is being released one year ahead of the regulatory requirement. This section provides a deeper insight into the company's sustainability efforts and outlines key outcomes achieved in the year 2024. These outcomes illustrate ASSA ABLOY's commitment to environmental responsibility and sustainable growth, signaling a strong integration of sustainability within their business model. Looking Ahead As ASSA ABLOY moves forward, it aims to leverage its favorable market position and continued focus on innovation to enhance its leading status in the access solutions sector. The leadership emphasizes that by maintaining robust investments in research and development, the company is poised for future growth. Additionally, with an ever-increasing global emphasis on sustainability, ASSA ABLOY is committed to integrating sustainable practices in every aspect of its operations. Investor Communication For further inquiries regarding this annual report, stakeholders and investors are encouraged to reach out to Björn Tibell from Investor Relations or Christiane Belfrage from Corporate Communications. Their contact information is available on the company’s website to facilitate transparent communication and engagement with stakeholders. About ASSA ABLOY Founded 30 years ago, ASSA ABLOY is now a monumental force in the access solutions sector, employing approximately 63,000 workers worldwide and generating sales of SEK 150 billion. The company remains dedicated to ensuring safe and convenient access to both physical and digital spaces through its innovative solutions. With its focus on efficient door openings, trusted identity solutions, and advanced entrance automation technologies, ASSA ABLOY is committed to making the world a safer place through superior access solutions.