Electrolux Group is taking a bold step towards sustainability with a €200 million (£167 million) loan from the European Investment Bank (EIB). The funding will drive innovation in energy-efficient household appliances, aiming to reduce carbon emissions and improve the lives of consumers.
This initiative will see the development of advanced technologies for food preparation, preservation, fabric care, and dish care, all while enhancing digital features to make products smarter and easier to use.
The focus on energy efficiency couldn’t come at a more critical time. With household appliances accounting for around 85 per cent of its total carbon emissions during use, improving energy performance is essential for reducing environmental impact. The company said the loan will enable it to refine its products to use fewer resources and consume less energy, contributing to a more sustainable future.
Electrolux has already proven its commitment to climate targets, having achieved its first science-based goal three years ahead of schedule. According to Elena Breda, Chief Technology and Sustainability Officer, this new funding will support the company’s push to meet its second target.
She stated: “The support Electrolux Group receives from EIB is important in our work to achieving our second science-based climate target. Our focus in the coming years will be to accelerate synergies between technology and sustainability to develop smarter and more resource-efficient products to help consumers live more sustainably.”
The loan is part of the InvestEU programme, a European Union initiative designed to mobilise over €372 billion (£311 billion) in additional investments by 2027. It also extends a long-standing partnership between the EIB and Electrolux, which dates back to 1989. This collaboration underscores the importance of innovation in household appliances as a critical step towards achieving broader environmental goals.
