One of the biggest challenges involved in achieving a global sustainable society is to reduce emissions of greenhouse gases and slow down the current rate of climate change.
There is great international awareness of how climate change, which causes natural disasters and extreme weather conditions, is threating our living conditions, biodiversity and social stability.
The international ambition is to reduce global warming to less than two degrees Celsius. This requires a reduction in greenhouse gas emissions of 70% by 2050 compared with the level in 2010, an annual reduction of 6.5%. Unfortunately, research indicates that even greater reductions in greenhouse gases are required to stop climate change.
Our products are a major contributory factor to accelerating the transition to sustainable solutions to stem climate change.
Population growth and urbanisation boost demand for the transportation of goods and people. The transport sector is regarded as one of the greatest challenges as it is responsible for a significant proportion of greenhouse gas emissions and energy consumption.
A great deal of research and development is being carried out in energy optimisation and renewable energy. We believe that we stand at the forefront of our industry.
Our product development, in collaboration with business partners in the transport sector, continuously results in new solutions for energy optimisation and control.
According to the latest UN calculations, the population of the earth will have grown from approximately 7.5 billion today to almost 10 billion by 2050. Today, 55% of the world’s population lives in major cities and this figure is expected to increase to 70% by 2050.
As the population grows and is concentrated in cities, the infrastructure becomes overloaded and the demand for resources, above all energy, increases. Cities currently account for 75% of world energy consumption and nearly 80% of carbon dioxide emissions. Demand for technology that supports the switch from fossil fuels will grow and, as this technology becomes more available and the market grows, prices will fall, contributing in turn to even greater demand.
We have taken a clear initiative on climate issues with our sustainable energy solutions for indoor climate comfort in all types of buildings as well as for both private and public transport.
The increasing pace of digitalisation with the Internet of Things (IoT) is a key driver for future business, offering the potential for greater customer benefit, deeper customer relationships and new business opportunities. If the trend continues, 50 billion devices will be connected to the internet by 2020.
We invest considerable development resources into control and communication in our products to be a part of the smart home, thereby reducing energy use.
All the buildings in the world currently account for around 40% of total energy use and around one third of global emissions of greenhouse gases, most of which occur during the use phase. As buildings are used for many years, the energy-related product choices made today are important because they can affect the environment for several decades to come.
We offer sustainable, energy-efficient solutions that reduce energy use and greenhouse gas emissions in all types of buildings.