LUND, Sweden, Nov. 21, 2024 — Alfa Laval held its annual Capital Markets Day in San Bonifacio, Italy, showcasing strategic priorities, financial goals, and investment plans for continued growth. The company announced plans to achieve its scope 1 and 2 net zero targets by 2027, three years ahead of schedule.

Following years of growth, including both organic and inorganic expansion, and substantial investments in production capacity and innovative solutions, Alfa Laval is outlining further growth plans focused on technological advancements and footprint expansion. Anticipating robust growth in key markets and strong financial footing for acquisitions, Alfa Laval projects reaching 100 BSEK in annual sales by 2030 at the latest.

“We’ve experienced strong growth across our three divisions and expanded production capacity globally. The energy transition’s increasing demand will fuel our growth to 2030. Based on current market trends, we project reaching 100 BSEK by 2030,” says Tom Erixon, CEO and President, Alfa Laval.

Net zero in scope 1 and 2 by 2027

Significant investments in comprehensive net-zero plans for scope 1 and 2 have been made, focusing on increased energy efficiency and renewable energy sources to replace fossil fuels across operations.

“Our progress toward scope 1 and 2 net zero targets demonstrates the effectiveness of our plans. We’re accelerating our investments to achieve net zero for scope 1 and 2 in 2027. We’re committed to leading the way towards net zero,” says Emma Adlerton, Executive Vice President, Group Affairs, Alfa Laval. 

Alfa Laval’s Science Based Targets initiative-validated climate targets originally aimed for net zero in scope 1 and 2 by 2030 and a 50 percent reduction in scope 3 emissions.

Committed to sustainable growth                                                                                               

Demand for sustainable energy, clean water, food, and decarbonized marine transport is increasing. Alfa Laval is continuously developing and expanding its technologies and exploring emerging technologies. Alfa Laval’s growth strategy is firmly committed to supporting global sustainable transformation.

Contacts

Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90

Sara Helweg-Larsen
Head of Communication, Alfa Laval
Mobile: +46 730 35 80 98

About Alfa Laval   

Resource optimization is crucial. We partner with customers to innovate essential industries, creating positive and lasting impact. Alfa Laval is a leading global provider of heat transfer, separation, and fluid handling solutions, supporting access to energy, food, and clean water while decarbonizing global trade’s marine fleet.

We develop technologies and solutions that help customers maximize resource potential. Our customers’ growth advances the goal of a sustainable world. The company is dedicated to process optimization, responsible growth, and progress to support customers’ business and sustainability goals. Together, we’re pioneering positive impact.

Founded 140 years ago, Alfa Laval serves customers in 100 countries, employs over 22,000 people, and reported SEK 63.6 billion (5.5 BEUR) in annual sales in 2023. The company is listed on Nasdaq Stockholm. 

About Alfa Laval’s scope 1, 2 & 3 targets

The Science Based Targets initiative (SBTi) has validated Alfa Laval’s climate targets, aligning its climate ambitions with scientific findings and contributing to the 1.5-degree target of the Paris Agreement.  

Scope 1 and 2 cover Alfa Laval’s direct and indirect operational emissions, while scope 3 includes upstream and downstream emissions across its value chains.

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SOURCE Alfa Laval

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