The LEGO Group has entered a $2.4 million agreement with Climeworks, a company that permanently removes carbon from the atmosphere.
As the LEGO Group continues a multi-pronged approach to improving the company’s environmental impact, the Danish company has signed a $2.4 million agreement with Climeworks to help fund the company’s efforts to scale up and accelerate its technological advancements. KIRKBI, the investment arm of the Kirk Kristiansen family, has signed an agreement worth $405,000 to use Climeworks’ carbon removal services.
While the LEGO Group’s focus is to reduce carbon emissions, removing CO2 from the atmosphere is an essential component of reducing negative impact on the environment.
Climeworks opened Orca, a carbon removal plant, in Iceland in 2021 to capture CO₂ from the air and store it directly underground. Air is drawn into large collector containers where the CO₂ is captured through a filter and stored deep underground by Carbfix. Through an accelerated natural process, it is transformed into stone then the filtered air is released back into the atmosphere.
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‘We want children to inherit a healthy planet – and we’re determined to play our part in making that happen,’ says Annette Stube, Chief Sustainability Officer at the LEGO Group. ‘To succeed we must take action to drive systemic change.
‘We were the first large toy company to announce a science-based emissions reduction target in 2020 and we want to continue to lead the way in finding innovative solutions for the challenges we face. This is why we are working with innovators like Climeworks – their technology, as part of a varied programme of initiatives, can help us and society as a whole realise the net-zero future that is needed to protect our planet for generations to come.’
‘We’re proud to partner with a sustainability leader like the LEGO Group who takes bold steps to make net zero happen,’ adds Jan Huckfeldt, Chief Commercial Officer at Climeworks. ‘We see demand growing across diverse sectors, including consumer goods, which shows that carbon removal rightly has a place in every company’s net zero strategy.”
The LEGO Group has a target to make all products from sustainable and circular materials by 2032.