Axel Johnson Group is a Swedish conglomerate that operates in a wide range of industries, including retail, real estate, and financial services. The company was founded in 1873 and has since grown to become one of the largest privately-owned companies in Sweden, with operations in over 20 countries around the world. In recent years, Axel Johnson Group has been actively pursuing a strategy of decarbonisation and sustainability, with a particular focus on renewable energy and corporate energy solutions.
One of the key areas of focus for Axel Johnson Group in terms of decarbonisation is its corporate energy strategy. The company has set ambitious targets for reducing its carbon footprint and increasing its use of renewable energy sources. To achieve these goals, Axel Johnson Group has implemented a range of measures, including the installation of solar panels and wind turbines at its various facilities, as well as the adoption of energy-efficient technologies and practices.
In addition to its own corporate energy initiatives, Axel Johnson Group is also actively involved in the corporate power purchase agreement (PPA) market. PPAs are long-term contracts between corporations and renewable energy providers, which allow companies to purchase renewable energy directly from the source. By entering into PPAs, companies like Axel Johnson Group can help to drive the growth of renewable energy and reduce their own carbon footprint at the same time.
Axel Johnson Group is also involved in a number of other initiatives aimed at promoting renewable energy and decarbonisation. For example, the company is a member of the RE100 initiative, which is a global campaign to encourage companies to commit to using 100% renewable energy. Axel Johnson Group has also signed the Science Based Targets initiative, which is a collaborative effort between companies and NGOs to set science-based targets for reducing greenhouse gas emissions.
Overall, Axel Johnson Group is a company that is committed to sustainability and decarbonisation. Through its corporate energy initiatives, involvement in the PPA market, and participation in global sustainability initiatives, the company is playing an important role in driving the transition to a more sustainable and low-carbon economy. As the world continues to grapple with the challenges of climate change, companies like Axel Johnson Group will be essential in helping to create a more sustainable future for us all.