LEGO’s ‘Building Blocks’ for a Greener Future: $2.4M Carbon Removal Pact

The LEGO Group, famend for its colourful plastic bricks, introduced a $2.4 million settlement with Climeworks, a pioneering carbon-removal firm, marking one other step within the toy producer’s dedication to environmental sustainability.

In an announcement Thursday, LEGO revealed the deal aimed on the everlasting removing of hard-to-abate CO₂ emissions utilizing Climeworks’ direct air seize and storage (DAC+S) answer. KIRKBI, the family-owned holding and funding firm of the LEGO model, additionally signed a $405,000 long-term settlement for Climeworks’ carbon removing providers.

The transfer underscores LEGO’s dedication to decreasing its carbon footprint, aligning with its purpose of reaching net-zero carbon emissions by 2050. Annette Stube, Chief Sustainability Officer at The LEGO Group, emphasised the corporate’s dedication to drive systemic change, stating, “We wish youngsters to inherit a wholesome planet — and we’re decided to play our half in making that occur. To succeed we should take motion to drive systemic change.”

Climeworks, identified for its revolutionary method to carbon seize, operates the world’s largest DAC+S industrial plant in Iceland. The corporate plans to open a second plant, Mammoth, in Could 2024, additional boosting its capability for CO₂ seize.

Jan Huckfeldt, Chief Business Officer at Climeworks, expressed pleasure in partnering with LEGO, stating, “We see demand rising throughout numerous sectors, together with shopper items, which reveals that carbon removing rightly has a spot in each firm’s net-zero technique.”

Along with carbon removing initiatives, The LEGO Group is actively exploring sustainable supplies for its iconic bricks, aiming to considerably enhance the usage of renewable sources in its manufacturing course of. In 2023, 18% of all resin bought was licensed in keeping with mass steadiness rules, translating into an estimated common of 12% renewable sources.