Årsredovisning 2023

Automatiskt nyckeltalsindex

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ZURICH, SWITZERL AND, FEBRUARY 23, 202 4 
ABB publishes 2023 Integrated Report 
Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange 
• Report covers ABB’s 2023 strategy, business, governance, financial 
and sustainability performance 
• 76% reduction of scope 1 and 2 GHG emissions since 2019  
• 74 megatons CO2e emissions avoided throughout lifetime of products 
sold in 2023  
 
ABB today published its Integrated Report, which is the company’s primary report at 
Group level. The report integrates the most important material information about the 
company’s strategy, business, governance as well as its financial and sustainability 
performance. In addition to the Integrated Report, ABB’s 2023 Annual Reporting Suite 
published today includes its Financial Report, Corporate Governance Report, 
Compensation Report, Sustainability Report as well as the Form 20-F that was filed with 
the United States Securities and Exchange Commission. 
ABB Chairman Peter Voser said: “By combining our technology leadership in electrification 
and automation with our decentralized ABB Way operating model we create holistic value 
for our stakeholders while enabling a more sustainable and resource-efficient future. In 
2023, we took advantage of the positive market environment and strong secular demand 
drivers and our financial and sustainability achievements show that we are heading in the 
right direction.” 
ABB’s value creation model provides a comprehensive summary of the holistic value the 
company generates for all stakeholders across its entire value chain, including customers, 
employees, investors and suppliers. It outlines the inputs that ABB needs to create value 
and illustrates how the Group transforms these inputs into outputs and outcomes 
through its decentralized operating model. 
Commenting on ABB’s achievements in 2023, CEO Björn Rosengren said: “2023 was a rec-
ord year for ABB. We delivered strong performance and as a technology leader in electrifi-
cation and automation, ABB continued to play a key role in accelerating the energy transi-
tion for a net-zero future. Our solutions helped to optimize, electrify and decarbonize 
industry, buildings, power and transport – sectors that together account for the lion’s 
share of global energy-related carbon emissions. By doing this, we made the ways we 
move, produce, work and live more sustainable and we continued to make good progress

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ABB PUBLISHES 2023 INTEGRATED REPORT  2/3 
towards achieving our sustainability targets. I am proud of the ABB team for delivering 
such good results and creating value for all our stakeholders.” 
Good progress towards sustainability goals  
As part of ABB’s efforts to enable a low-carbon society, the company submitted updated 
CO2e emissions reduction targets aligned with the Net-Zero Standard of the Science-
Based Targets initiative (SBTi) for validation. These targets include ABB’s scope 1 and 2 
emissions, which it aims to reduce by 80 percent by 2030 and 100 percent by 2050, com-
pared to a 2019 baseline, as well as its scope 3 emissions, covering the rest of its value 
chain, which it aims to cut by 25 percent by 2030 and 90 percent by 2050, compared to a 
2022 baseline.  
 
In 2023, ABB achieved a reduction of 76 percent in its scope 1 and 2 emissions compared 
to 2019 and scope 3 emissions stayed flat compared to 2022, based on measured energy 
loss (representative scenario). When calculating based on energy input (strict scenario) 
the company reports an 11 percent increase in scope 3 emissions compared to 2022.  
 
The company also reduced its energy consumption by 21 percent compared to 2019. At 
the end of 2023, 64 percent of ABB’s energy consumption and 94 percent of its electricity 
came from renewable sources.  
 
In 2023, the products ABB sold to customers will avoid 74 megatons of emissions over 
their lifetime. This contributes to the company’s ambition to support customers in avoid-
ing 600 megatons of GHG emissions from 2022 to 2030, based on all the products the 
company expects to sell over that period. 
 
As part of the preserving resources pillar of its Sustainability Agenda, ABB further reduced 
the amount of waste it sends to landfill to 6.3 percent in 2023, a 40 percent reduction 
since 2019, while recycling 86 percent of its waste. By the end of 2023, ABB had also as-
sessed 31 percent of its product portfolio as part of its goal of covering at least 80 per-
cent of its portfolio of products and solutions with its Circularity Approach by 2030. 
 
Finally, in line with its goal of promoting social progress, in 2023, ABB reduced its rate of 
lost time caused by injuries (LTIFR) by 9 percent to industry-leading levels. And it in-
creased the number of women in senior management positions to 21 percent, up from 17.8 
percent in 2022. The company also expanded its programs for community engagement to 
cover education, emergency and disaster relief, community empowerment, and environ-
ment and conservation, and supported more than 500 community projects and charities 
in 2023. 
 
ABB’s full annual reporting suite including the Integrated Report and Sustainability Report 
can be accessed and downloaded here: go.abb/reports 
 
ABB is a technology leader in electrification and automation, enabling a more sustainable 
and resource-efficient future. The company’s solutions connect engineering know-how 
and software to optimize how things are manufactured, moved, powered and operated. 
Building on over 140 years of excellence, ABB’s more than 105,000 employees are commit-
ted to driving innovations that accelerate industrial transformation. www.abb.com

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ABB PUBLISHES 2023 INTEGRATED REPORT  3/3 
— 
For more information please contact: 
Media Relations 
Phone: +41 43 317 71 11 
Email: media.relations@ch.abb.com 
Investor Relations 
Phone: +41 43 317 71 11 
Email: investor.relations@ch.abb.com 
ABB Ltd 
Affolternstrasse 44 
8050 Zurich  
Switzerland