Lego says a drive to take away fossil fuels from its bricks is making additional progress however the alternate options, whereas higher for the surroundings, are dearer.
The Danish toymaker mentioned it remained on observe to satisfy its 2032 goal of eradicating climate-damaging merchandise from its ranges whereas revealing half-year outcomes.
Lego mentioned on Wednesday it had agreed contracts to safe a long-term provide of greener alternate options.
Cash newest: Capital beneficial properties tax hike on the way in which, main advisory agency says
It revealed 22% of resin utilized in its bricks over the primary half of 2024 used materials from renewable and recycled sources, up from 12% in 2023.
Lego mentioned that stronger income had allowed it to speculate to extend the quantity of resin bought from sustainable sources.
It revealed that working income grew 26% to eight.1bn Danish Krone (£920m) over the primary six months of 2024.
That was on the again of a 13% rise in income – pushed by client gross sales within the core markets of Europe and the Americas.
It’s understood there aren’t any plans to lift costs to guard the corporate’s backside line from the upper enter prices.
The replace marked additional progress in the corporate’s efforts to go inexperienced, having initially struggled to search out sustainable and appropriate alternate options in its manufacturing processes.
Learn extra from Sky Information:
Thames Water seeks 52% hike to payments by 2030
One in two LGBT+ staff bullied or harassed, survey finds
Chief government Niels B Christiansen mentioned: “We delivered double-digit progress on the highest and backside line and made important progress on rising the quantity of sustainable supplies utilized in our merchandise.
“Our portfolio continues to be related for all ages and pursuits, and that is driving important demand throughout markets.
“We used our solid financial foundation to further increase spending on strategic initiatives which will support growth now and in the future to enable us to bring learning through play to even more children.”
