Logitech Europe S.A. - Climate Change 2023
C0. Introduction
C0.1
(C0.1) Give a general description and introduction to your organization.
Founded in 1981 and headquartered in Lausanne, Switzerland, Logitech International S.A. is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and the
Nasdaq Global Select Market (LOGI).
Logitech's mission is to help all people pursue their passions in a way that is good for people and the planet. We design, manufacture, and sell products that help businesses thrive and bring people together when working, creating gaming, and streaming. We sell these products through a number of brands: Logitech, Logitech G (incl. ASTRO
Gaming, Streamlabs, and Blue Microphones), and Ultimate Ears. We do not operate joint ventures.
We sell our products to a network of customers in the Americas, EMEA & Asia Pacific. This includes direct sales to retailers, e-tailers and end consumers through our ecommerce platform and indirect sales to end customers through our distributors.
The information presented throughout this response is representative of Logitech International S.A. as it operated in CY22 (01/01/2022 through 12/31 2022).
We have one production facility in Suzhou, China, operated since 1994. This facility currently handles approximately 40% of our total production of products. We outsource the remaining production to contract manufacturers and Joint Design Manufacturers (JDM) located principally in Asia.
Our GHG inventory comprises Scope 1, 2 & 3 emissions. We achieved 3rd party certification of our Scope 1, 2 & 3 emission inventory, for the first time, in CY21 and again in
CY22.
Scope 1 & 2 GHG emissions comprise emissions from our production facility and offices. Our Scope 1 & 2 emissions constitute less than 1% of our Corporate Carbon
Footprint (CCF) but we take action on Scope 1 and 2 emissions to demonstrate leadership and accountability, meet stakeholder expectations, manage risk, and foster innovation.
More than 99% of our CCF comprises scope 3 GHG emissions and we have ambitious targets to reduce those emissions by half, by 2030. As a products company, we are acutely aware of the life-cycle impact of our products. The majority of our scope 3 emissions come from the 4 life-cycle stages of our products. Sourcing and manufacture
(Purchased Goods and services), Distribution, Consumer use and End-of-life.
There was no change to our reporting framework for GHG emissions in CY22. As per previous years, we continue to report by calendar year.
In FY19, we committed to the Paris Agreement to limit global warming to 1.5?C by 2050. We support international agreements and science-based approaches to support a
net-zero' future, well before 2050. We prioritize absolute reductions across our value chain, while simultaneously neutralizing any residual GHG emissions year-on-year, with investments in independently certified carbon offsets and carbon removals. Our Climate Pledge includes the following 2030 climate-action targets:
85% reduction of Scope 1 & 2 emissions compared to a 2019 baseline, with 100% of our electricity footprint addressed by purchasing renewable energy by 2030.
>50% reduction in our Scope 3 emissions by 2030, compared to a 2021 baseline.
100% removal of any residual Scope 1, 2 & 3 emissions that we cannot eliminate by 2030, through investment in carbon removal projects. By 2030, we will remove more
GHG emissions than we create by continuing our focus on absolute reduction of our carbon footprint.
>90% reduction of our Scope 1, 2 & 3 emissions well before 2050, compared to a 2021 baseline, with the removal of any residual emissions to achieve net-zero.
To achieve our Climate Pledge, we have adopted a climate strategy, which is centered on 4 pillars.
Reduce: This is the heart of our strategy. We design for sustainability - to ensure every generation of Logitech products and service is better than the last, with a reduced carbon impact. We prioritize ambitious programs for climate action, which drive absolute reductions in our CCF.
Renew: We purchase renewable electricity to match our electricity footprint and work in partnership with our suppliers to catalyze the purchase of renewable electricity to match energy demand and support the transition away from fossil fuels.
Restore: We address the full residual impact of our CCF by purchasing certified quality carbon offsets and carbon removals. We invest in these instruments to support the people and the projects working to conserve and create carbon sinks while helping climate-impacted communities and ecosystems.
Rethink: We are rethinking how we do business, innovating our materials, supply chains, and go-to-market opportunities. We are changing our business model while delivering aggressive, science-based, absolute reduction targets and renewable electricity on existing and new business models.
CDP
Page 1 of 95
