This document concerns the environmental, social, and
governance performance of Bang & Olufsen A/S. It is
prepared in accordance with GRI Reporting Standards:
Core option. The energy and emissions data presented
have received limited assurance for their data collection
processes by an independent third-party assessor, and the
report is compliant with sections 99a and b, 99c and 107d
of the Danish Financial Statements Act and the EU Taxonomy regulation. This report, and the accompanying
36 GRI Index as well as our ESG & sustainability Data Accounting Principles, are available on our website:
38
41 https://corporate.bang-
42 olufsen.com/en/sustainability/policy.
Introduction
ESG & Sustainability Report 2021/22
Longevity for sustainability
Long and multiple lives for our products. That is what we call longevity, and it is our approach to a circular economy, climate action, and good corporate citizenship
Dear reader,
Kristian Teär
CEO
Introduction
ESG & Sustainability Report 2021/22
Demonstrating progress on our commitments
Industry leading longevity initiatives
Engaged and motivated people
Introduction
ESG & Sustainability Report 2021/22
Sustainability
Highlights of the year
Launched the world's 1st
Cradle-to-cradle
50 years
certified consumer
is the time between the launch of the Beosystem
electronics speaker
72-22 in 2022 and the original launch of the
Beogram 4000 in 1972. The Beosystem 72-22
allows the vinyl from the 1972 Beogram 4000 to
be streamed via modern
Beolab 18 speakers
20.8GWh
30%
~20,000
2022
of electricity consumed in our global operations in 2021/22.
of B&O employees have been with the
repairs and refurbishments completed at our
is the year we joined the Science Based Targets Initiative
While we became more efficient, we also had higher activity
company for more than 10 years
repair centre in Struer, Factory 3, in 2021/22
committing to science-based climate action in line with a
levels with 10% product growth resulting in more energy consumed in
1.5°C future across our whole value chain
ur aluminium factory. That led to a 3% increase in energy consumption
across our Danish footprint compared to 2020/21.
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Bang & Olufsen A/S published this content on 06 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2022 13:13:01 UTC.
Bang & Olufsen A/S is a Denmark-based company engaged in the design, development and marketing of audio and video equipment. The Company supplies primarily music systems, loudspeakers, television sets and multimedia products. Its activities are divided into two business areas: Business-to-Consumer (B2C) and Business-to-Business (B2B). The B2C area includes two segments: audiovisual (AV), offering audio and video products sold under the Bang & Olufsen brand; and B&O PLAY, which delivers stand-alone, portable products. The B2B business area also consists of Automotive segment, which comprises development, production and sale of sound systems for a range of cars, such as Aston Martin, Audi, BMW and Mercedes-Benz. Furthermore, the Company is parent of Bang & Olufsen Group, which operates worldwide.