Last year we promised to set an ambitious CO₂-reduction target. We worked on this and discussed it at three Board Meetings. We use the 2020/21 financial year as our baseline and commit to reducing our emissions from our own operations with at least 50 percent by 2030 and to use 100 percent renewable electricity by 2023. We also commit to reducing our emissions in Scope 3 by 40 percent to Net Sales by 2030. In 2020/21, this figure was 17.3 tons CO₂/SEKm and in 2030 it should be 10.4 tons CO₂/SEKm. Achieving this target will require that 50 percent of our supply chain will be powered by renewable energy by 2030.
Despite a number of improvements during the year, such as reduced flights, more recycled packaging and green electricity in the o.ice, our total emissions relative to net sales increased from 17.3 tons per million SEK to 17.4 tons. As a result of low inventory levels in previous financial years, the Group made an active decision during the financial year to increase inventory levels to meet increased growth and counter delivery difficulties. It is the increase in purchased products that is negatively impacting our total.