[Photo] From the left in the upper row, Tetra Pak, SF Marina, Hitachi Energy, Embassy of Sweden, KraftPowercon, Scania, IKEA, Business Sweden, Volvo Trucks and Atlas Copco Group

The event brought together nine Swedish member companies, the Embassy of Sweden, Business Swe-den, and the Swedish Chamber of Commerce in South Korea. Participants discussed the importance of green transition and announced their commitment to supporting Korea's early achievement of carbon neutrality.

Anne Höglund, Acting Head of Mission at the Swedish Embassy, stated, "Korea is an important partner for Sweden, and our partnership has become even closer in recent years through our shared interest in car-bon neutrality amidst a rapidly changing world. Achieving the climate goals of the Paris Agreement and implementing net-zero are top priorities for both countries, and we must all work together to accelerate the green transition."

Ebba Busch, Swedish Minister for Energy, Business and Industry, and Deputy Prime Minister, Ministry of Climate and Enterprise, emphasized the significance of achieving green transition in the industry, stating, "Achieving green transition in the industry is crucial for economic prosperity, energy security, and long-term sustainability. We hope that the Sweden+Korea Green Transition Alliance actively continues to pro-mote international cooperation for a sustainable future for both countries."

Sang-Hyup Kim, Co-Chair of the Presidential Commission on Carbon Neutrality and Green Growth, high-lighted the close partnership between Korea and Sweden since the establishment of diplomatic relations in 1959. He stated, "Sweden+Korea Green Transition Alliance, launched on Earth Day 2021, prioritizes cooperation between the two countries in responding to the global climate crisis and transitioning to green energy. This holds special significance. As a united team, Korea and Sweden expect that green growth will not be a cost or burden to our economies, but rather a great opportunity for creating new jobs and fostering sustainable growth."

During the event, nine member companies, including Atlas Copco Group, Hitachi Energy, IKEA, KraftPowercon, Scania, SF Marina, Tetra Pak, Volvo Cars, and Volvo Trucks, announced their plans and commitments:

• Atlas Copco Group: Maintain a maximum 2-degree temperature increase by reducing CO2 emissions across the entire value chain by 2030
• Hitachi Energy: Transition to 100% decarbonized electricity for RE100 by 2030
• IKEA: Switch to 100% electric vehicle furniture delivery service by 2025
• Kraftpowercon: Support the industry in reducing air pollution by 30% by 2050
• Scania: Reduce carbon emissions from operational vehicles by 20% by 2026
• SF Marina: Achieve a reduction of over 50% in carbon emissions from marina construction by 2030
• Tetra Pak: Achieve a recycling rate of 70% by 2030
• Volvo Cars: Achieve climate neutrality by 2040
• Volvo Trucks: Transition to 100% carbon emission-free by 2040

[Photo 2] Pledge by 9 member companies of Sweden+Korea Green Transition Alliance

These companies are active in various fields such as construction, energy, shipbuilding, manufacturing, retail, transportation, and waste management, contributing to the promotion of Sweden's circular econ-omy and the creation of a sustainable industrial environment.

Sweden+Korea Green Transition Alliance is a pioneering initiative launched on Earth Day 2021, bringing together Swedish companies in Korea, the Embassy of Sweden in Korea, Business Sweden, and the Swe-dish Chamber of Commerce in Korea. The alliance seeks to accelerate South Korea's green transition and progress towards carbon neutrality goals through partnership between leading Swedish companies and domestic industry players.