Potential offtaker

The VELUX Group

www.velux.de

Estimated electricity consumption

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Countries of production presence

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The VELUX Group is a German-based company that operates in the windows and doors sector. The company was founded in 1941 and has since become a leading manufacturer of roof windows and skylights. The VELUX Group is committed to sustainability and has made significant efforts to reduce its carbon footprint through decarbonisation and the use of renewable energy.

Decarbonisation is a key focus for the VELUX Group. The company has set a target to become carbon neutral by 2030, which involves reducing its carbon emissions and offsetting any remaining emissions through carbon credits. The VELUX Group has already made significant progress towards this goal, with a 50% reduction in carbon emissions since 2007.

One of the ways the VELUX Group is reducing its carbon footprint is through the use of corporate energy. The company has invested in renewable energy sources such as wind and solar power, which now account for 75% of its energy consumption. The VELUX Group has also implemented energy-efficient measures in its manufacturing processes, such as using waste heat from production to heat its buildings.

Corporate power purchase agreements (PPAs) are another way the VELUX Group is supporting renewable energy. The company has signed long-term PPAs with wind and solar power providers, which guarantees a fixed price for renewable energy over a set period. This not only supports the growth of renewable energy but also provides the VELUX Group with a stable and predictable energy supply.

The VELUX Group is committed to reducing its carbon footprint not only through its own operations but also through its products. The company has developed energy-efficient windows and skylights that help to reduce energy consumption in buildings. The VELUX Group is also a member of the World Green Building Council, which promotes sustainable building practices.

In addition to its sustainability initiatives, the VELUX Group is also committed to social responsibility. The company has a strong focus on employee well-being and has implemented a range of initiatives to support its workforce. This includes a health and well-being program, flexible working arrangements, and a focus on diversity and inclusion.

The VELUX Group is also committed to supporting the communities in which it operates. The company has a range of community initiatives, including a program to provide solar-powered lighting to communities without access to electricity. The VELUX Group also supports education initiatives, such as providing scholarships for students studying sustainable building practices.

In conclusion, the VELUX Group is a leading manufacturer of roof windows and skylights that is committed to sustainability and social responsibility. The company has made significant efforts to reduce its carbon footprint through decarbonisation, the use of renewable energy, and energy-efficient products. The VELUX Group is also committed to supporting its employees and the communities in which it operates.

✓ Declared Net Zero commitment