IN 2020, STRENGTHENING A MODEL THAT CREATES VALUE OVER THE LONG TERM
We took steps during 2020 to strengthen our model creating value over the long term. For example, we rolled out multiple initiatives to lay the foundations for our future growth by:
- pressing ahead with our development program and launching new products, many of them connected, in key areas such as energy efficiency solutions for buildings; improvements to housing to make spaces suitable for living, working or being cared for; security and safety solutions for property and people; and workspace upgrades;
- actively pursuing bolt-on acquisitions that complement the Group’s existing activities—four new companies have joined us since the beginning of 2020—as well as integrating and extending the reach of companies acquired in the past;
- digitalizing our front-office and back-office. We also accelerated the pace of our responsible growth initiatives. As such, we committed to cutting our CO2 emissions, in line with the most ambitious objective stated in the Paris Agreement, which is to limit the increase in temperatures to 1.5°C. In addition, we intend to make scopes 1 and 2 and employee movements (part of scope 3) carbon-neutral from 2022 onwards. We plan to offer our customers an even broader range of solutions, helping to cut their own residential and non-residential building emissions.
Chief Executive Officer