Net zero goal
We have set clear targets to reduce our climate impact and reach net-zero, consistent with the goals of the Paris Agreement to limit global warming to 1.5°C.
We are committed to reach net-zero GHG emissions across the value chain by 2050 at the latest. Our near-term targets include reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 with 2019 as the base year, and to reduce absolute scope 3 emissions by 30%. In addition, we are committed to reduce absolute scope 1 and 2 GHG emissions by 90% by 2040.
Our climate targets are approved by the Science Based Targets initiative (SBTi), as aligned with the latest climate science and consistent with the goals of the Paris Agreement.
Impact and actions
We can have a big impact through our customer offerings, such as battery-electric and automated mining solutions, productivity-enhancing manufacturing and machining solutions, and energy-efficient rock processing solutions.
We aim to have a fully electric underground offering by 2030 and a 90% electric mobile crushing offering by 2025. Already today we provide fully electrified stationary crushing equipment and trucks. Powder-based net-shape technologies like additive manufacturing make it possible to merge several components into one – reducing assembly steps and thereby energy consumption. Additive manufacturing also reduces waste and often minimizes the use of cutting lubricants and cleaning fluids.
As we drive value chain climate mitigation, one important aspect is reducing supply chain GHG emissions. In our Supplier Code of Conduct, we encourage suppliers to adopt climate targets in line with the Paris Climate Agreement, requiring them to control, measure, document and plan their work to minimize their business climate impact.
Progress during the last year
From 2023 onwards we measure our climate targets with 2019 as the base year. This is more ambitious than previous target since we 2022 measured our targets against average 2016–2018 as the baseline.
In 2023, we increased our GHG emissions by 1 percent to 141 ktons. The increase was primarily due to lower sourcing of low-emission electricity, such as certificates. Emissions from own operations (scope 1) decreased by 3 percent. Compared to the base year (2019), GHG emissions have been reduced by 23 percent and we are on track to reach the 2030 target.
GHG emissions 2019–2023.
Environmental footprint
In our annual report, you can read about our environmental footprint and progress against the targets.
Go to the note for our environmental footprint in the annual report