Our ambition is to contribute to a better world through smart lighting solutions. We want everyone who comes into contact with our solutions to be able to fully do what they want in the best possible way, thanks to our lighting.
Lighting accounts for up to 15 per cent of global electricity consumption. By using the latest smart lighting solutions, users can reduce energy consumption up to 90 per cent. The lighting industry has significant opportunities to contribute, which is why energy efficiency is a priority for us. Actively driving the transition to a circular economy is also an important priority. Together with our customers, we streamline, reuse, expand or update existing lighting solutions.
Our continued main focus is to reduce our greenhouse gas (GHG) emissions to reach our 2030 and 2045 targets. To achieve this, we have defined and prioritised around 20 key activities that each Group company is diligently working on. Increasing the share of smart lighting is a priority to reduce use-phase emissions. Similarly, the companies are working to improve the efficiency of our luminaires. New material choices, and efficiency improvements in material use, transportation and energy are other ongoing initiatives to reduce emissions.
Since our base year, 2021, we have reduced our emissions by 34 per cent.