Climeworks Enters Into 9- Year Carbon Removal Deal With LEGO Group

Climeworks Enters Into 9- Year Carbon Removal Deal With LEGO Group - Carbon Herald
Credit: Climeworks

Climeworks – the direct air capture and storage leader, announced a new client to support in its decarbonization journey. The company announced on March 26th it entered into a 9-year agreement with the LEGO Group, one of the world’s leading manufacturers of play materials, to permanently remove CO2 from the air on its behalf.

The agreement is made in partnership with KIRKBI A/S, a family-owned investment company that manages the fortune of the Kristiansen family, the current owners of The Lego Group. The agreement is valued at $2.4 million and aims to support impactful meaningful climate change solutions. KIRKBI has also signed a $405,000 long-term agreement to secure Climeworks’ high-quality carbon removal services.

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“We were the first large toy company to announce a science-based emissions reduction target in 2020 and we want to continue to lead the way in finding innovative solutions for the challenges we face. This is why we are working with innovators like Climeworks – their technology, as part of a varied programme of initiatives, can help us and society as a whole realize the net-zero future that is needed to protect our planet for generations to come,” said Annette Stube, Chief Sustainability Officer at the LEGO Group.

The LEGO Group has a climate goal to achieve net zero emissions by 2050 and thus it is working with the Science Based Targets initiative (SBTi) to develop emissions reduction targets covering its Scope 1, 2 and 3 emissions. It has a SBTi approved target to reduce absolute GHG emissions (Scope 1, 2 & 3) by 37% by 2032 (vs. a 2019 baseline).

Some of the group’s initiatives are designing buildings to run on renewable energy, energy efficiency and engaging with suppliers to lower their carbon footprint. The company has started increasing its solar capacity (by 16% in 2023) and plans to continue to do so this year.

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“In addition to our ongoing efforts to reduce own emissions, we want to explore and support impactful climate solutions that have the potential to permanently remove and sequester hard to abate greenhouse gas emissions. Through our long-term partnership with Climeworks, we hope to be a part of scaling a promising and innovative technology that can make a difference in tackling climate change,” said Michael Skou, KIRKBI’s Head of Strategy and Sustainability.

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