Potential offtaker

Ericsson Group

www.ericsson.com

Estimated electricity consumption

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Countries of production presence

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Ericsson Group is a multinational company headquartered in Stockholm, Sweden, that operates in the data networking equipment sector. The company has a long history of providing innovative solutions to its customers, and it has become one of the leading players in the industry. Ericsson Group has a global presence, with operations in more than 180 countries around the world.

One of the key areas of focus for Ericsson Group is decarbonisation. The company has set ambitious targets to reduce its carbon footprint and become a more sustainable business. Ericsson Group has committed to becoming carbon neutral by 2030, and it has already made significant progress towards this goal. The company has reduced its carbon emissions by 50% since 2012, and it is on track to achieve its target of 35% reduction by 2022.

Corporate energy is another area of focus for Ericsson Group. The company is committed to reducing its energy consumption and increasing its use of renewable energy sources. Ericsson Group has implemented a number of energy efficiency measures across its operations, including the use of energy-efficient equipment and the implementation of energy management systems. The company has also invested in renewable energy projects, such as wind and solar power, to help reduce its reliance on fossil fuels.

Corporate power purchase agreements (PPAs) are an important part of Ericsson Group's renewable energy strategy. PPAs allow the company to purchase renewable energy directly from a producer, often at a lower cost than traditional energy sources. Ericsson Group has signed several PPAs with renewable energy producers around the world, including wind and solar power projects in the United States and Brazil. These agreements have helped the company to increase its use of renewable energy and reduce its carbon footprint.

Renewable energy is a key focus area for Ericsson Group, and the company is committed to increasing its use of renewable energy sources. The company has set a target to source 100% of its electricity from renewable sources by 2022, and it is well on its way to achieving this goal. Ericsson Group has invested in renewable energy projects around the world, including wind and solar power projects in the United States, Brazil, and India. The company has also implemented energy efficiency measures across its operations to reduce its energy consumption and increase its use of renewable energy.

In addition to its focus on decarbonisation and renewable energy, Ericsson Group is committed to sustainability in all areas of its business. The company has implemented a number of sustainability initiatives across its operations, including the use of sustainable materials in its products and the implementation of sustainable business practices. Ericsson Group has also set ambitious targets to reduce its water consumption and waste generation, and it is working to achieve these targets through the implementation of sustainable practices and technologies.

Overall, Ericsson Group is a leader in the data networking equipment sector, with a strong focus on sustainability and decarbonisation. The company is committed to reducing its carbon footprint and increasing its use of renewable energy sources, and it has made significant progress towards these goals. Ericsson Group's commitment to sustainability extends to all areas of its business, and the company is working to implement sustainable practices and technologies across its operations. With its global presence and innovative solutions, Ericsson Group is well positioned to continue leading the way in the data networking equipment sector while also contributing to a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment