The LEGO Group introduced a collection of carbon removing investments, increasing the corporate’s carbon portfolio with each nature-based and technology-based initiatives.
The transfer builds on present collaborations with local weather options suppliers Local weather Influence Companions and ClimeFi, which have included investments in a spread of carbon removing applied sciences equivalent to biochar, enhanced rock weathering, and reforestation initiatives.
Underneath the brand new agreements, the LEGO Group plans to speculate an extra DKK 18 million (USD$18 million) throughout 4 carbon removing initiatives, together with a mission restoring degraded tropical forest throughout greater than 14,000 hectares in Mexico, delivered by Local weather Influence Companions, and three initiatives delivered by ClimeFi using applied sciences together with biomass geological storage that makes use of slurry injection expertise to retailer carbon-rich natural waste deep underground, mineralization, which converts CO2 into constructing supplies, and marine CO2 removing, which removes carbon dioxide by wastewater alkalinity enhancement for long-term storage in oceans.
Annette Stube, Chief Sustainability Officer on the LEGO Group, mentioned:
“This buy highlights our dedication to testing a broad vary of credible pathways for nature and tech-based carbon removing. Because the programme expands, it’s serving to to strengthen our understanding of various approaches and inform future decision-making on how carbon removing could complement our wider local weather objectives.”
The LEGO Group introduced a collection of climate-related commitments in 2023, together with a pledge to attain web zero emissions by 2050, and to speculate over $1.4 billion in environmental sustainability initiatives over three years. The corporate’s targets to cut back absolute scopes 1, 2 and three GHG emissions 37% by 2032, and by 90% by 2050 have been validated by the Science Based mostly Targets initiative (SBTi).
Stube added:
“Whereas decreasing emissions in our personal operations stays our precedence, this programme permits us to work with professional companions and contribute to options that will assist scale efficient local weather motion over time.”
