Building on the success achieved over the last four years, CAREL announces its second multi-year sustainability plan

CAREL has announced the guidelines for its new Sustainability Plan to 2028: a project that further strengthens the Group’s commitment, bringing together the industrial strategy and sustainability strategy to meet both economic and environmental objectives.

Over the last four years, CAREL has achieved notable success. The company has increased its use of electricity from renewable sources, exceeding 85% in 2024, and has implemented energy efficiency initiatives to reduce direct and indirect emissions (scope 1+2), by as much as 20% in the last year alone, and by 45% compared to 2019. It has also improved its carbon footprint tracking, including scope 3 emissions, in line with SBTi-approved reduction targets. CAREL has improved its occupational health and safety prevention and ESG performance, moreover obtaining Gender Equality Certification for its Italian Headquarters. Corporate governance has also been strengthened, as evidenced by improved ESG ratings.

The new plan to 2028 is divided into 11 areas of commitment, 26 sustainability objectives, and 60 ESG initiatives, for an investment of over 8 million euros and involving more than 10 company departments. The main goals include not only further reductions in CO₂ emissions, promotion of a circular economy and improvements in working conditions and safety, but also the promotion of respect for human rights and initiatives to support local communities. Corporate governance will be further reinforced through anti-corruption initiatives and improved cybersecurity.

Francesco Nalini, CAREL Group CEO, and Carlotta Rossi Luciani, member of the Board of Directors with responsibility for ESG, commented: “The new multi-year sustainability plan to 2028 confirms how CAREL, in continuity with its previous plan, considers sustainability as being an integral part of its business model and one of the main levers for competitiveness and success. The Group’s strategy is aimed at generating the maximum shared value for all our stakeholders: customers, colleagues, partners, local communities, and investors. Every step forward on the journey to sustainability is an important step for the well-being of CAREL and the entire planet.”