Sustainability Becomes an Integral Part in Global Home Appliance Market
From consumers’ perspective, global consumers are willing to pay more for sustainable products, and for a brand that gives back to society and has a low carbon footprint.
From appliance manufacturers’ perspective, sustainability is seamlessly integrated into everything they do, from gathering consumer insights, developing products, sourcing, supply chain and production, branding, and marketing. Most manufacturers have set clear goals such as eliminating harmful materials, striving for carbon neutral production footprints, zero waste to landfill as well as increasing renewable energy usage, recyclability rate of products.
From regulations & policies perspective, on one hand, we see enhanced restrictions for volatile organic compounds (VOC) content and the use of hazardous and toxic materials. On the other hand, policy makers across the globe continue to push the right-to-repair approach as well as incentivize high energy-efficiency appliance devices such as latest inflation reduction act (IRA) in US.
At Henkel, sustainability is a core element of our company purpose: “Pioneers at heart for the good of generations”. Our 2030+ Sustainability Ambition Framework outlines the goals of driving change toward a regenerative planet, thriving communities, and acting as a trusted partner to our stakeholders.