LEGO A/S

03/26/2024 | Press release | Distributed by Public on 03/26/2024 05:17

The LEGO Group signs long-term agreement for Climeworks’ permanent carbon removal services

(1) UN IPCC AR6 Synthesis Report: Climate Change 2023 https://www.ipcc.ch/report/ar6/syr/downloads/report/IPCC_AR6_SYR_FullVolume.pdf

Page 19. Section B.5.1: Quote "Carbon dioxide removal (CDR) will be necessary to achieve net negative CO2 emissions".

(2) SBTi = Science Based Targets initiative

(3) Beyond value chain mitigation is a recognised part of a corporate net-zero target, as defined by the Net-Zero Standard from the Science Based Target initiative.

(4) Latest 2023 Sustainability progress update for more information: https://www.lego.com/sustainability/reporting.

(5) International Energy Agency define geothermal energy as: "Geothermal energy is energy available as heat contained in or discharged from the earth's crust that can be used for generating electricity and providing direct heat for numerous applications such as: space and district heating; water heating; aquaculture; horticulture; and industrial processes. In addition, the use of energy."
Renewable Energy Essentials: Geothermal - Analysis - IEA

(6) In 2023, the LEGO Group purchased mass balance materials from suppliers who are ISCC PLUS or RSB certified. The company aims to secure ISCC PLUS certification during 2024 for its use of mass balance materials. Certified mass balance materials purchased on the global market are a mix of renewable and non-renewable materials. For the LEGO Group, purchasing certified mass balance raw materials helps to increase the quantity of renewable materials used in its supply chain. The company also believes that increasing demand for certified mass balance materials will stimulate the market and in the long term create a shift away from reliance on virgin fossil fuel.

Assets caption: ©Climeworks, 2024 - Climeworks' direct air capture and storage plant, Orca, in Hellisheidi, Iceland.
For more information on the LEGO Group's Sustainability Programmes, including the 2023 sustainability progress report visit www.lego.com/sustainability or contact [email protected].

Climeworks:
Images of Climeworks' technology are available in Climeworks' newsroom.
For media enquiries, please contact: [email protected]

About Climeworks
Climeworks is a global leader in carbon dioxide removal (CDR) as a service via direct air capture (DAC) technology, empowering companies to advance their net zero roadmaps and fight global warming.

Founded by engineers Christoph Gebald and Jan Wurzbacher in 2009, Climeworks is on a journey to climate impact at scale with integrity at its core and a focus on the highest quality, permanent removals.

Climeworks is spearheading the DAC industry globally, with the world's first and to date largest DAC facility combined with storage installation in commercial operation, modular CO2 collectors designed for scalability, and facilities running exclusively on clean energy. Their growing customer base counts over 160 companies, including multinationals such as Microsoft, BCG, UBS, and Swiss Re.

At Orca, Climeworks' DAC facility in Iceland, the CO2 is permanently removed from the air by capturing and geologically storing it for thousands of years with Climeworks' underground mineralization partner Carbfix. The CDR services delivered from Orca are verified by independent 3rd party DNV.

About the LEGO Group
The LEGO Group's mission is to inspire and develop the builders of tomorrow through the power of play. The LEGO System in Play, with its foundation in LEGO bricks, allows children and fans to build and rebuild anything they can imagine.

The LEGO Group was founded in Billund, Denmark in 1932 by Ole Kirk Kristiansen, its name derived from the two Danish words Leg Godt, which mean "Play Well".

Today, the LEGO Group remains a family-owned company headquartered in Billund. Its products are now sold in more than 120 countries worldwide. For more information: www.LEGO.com.

About KIRKBI
KIRKBI A/S is the Kirk Kristiansen family's private holding and investment company founded to build a sustainable future for the family ownership of the LEGO® brand through generations. Our work is focused on three fundamental tasks all contributing to enabling the Kirk Kristiansen family to succeed with the mission to inspire and develop the builders of tomorrow: We work to protect, develop and leverage the LEGO brand across all the LEGO branded entities. We are committed to a long-term and responsible investment strategy to

ensure a sound financial foundation for the owner family's activities as well as contributing to a sustainable development in the world. And we are dedicated to support the family members as they prepare for future generations to continue the active and engaged ownership as well as supporting their private activities, companies and philanthropic work.