We will be net zero in our value chain.
Our goal is to have net zero emissions in our value chain. This includes the impact of our products and equipment in use. We have set science-based targets for reducing greenhouse gas (GHG) emissions, which have been validated by the Science Based Targets initiative (SBTi) in 2023:
- Reduction of absolute scope 1 and 2 GHG emissions by 50%, and absolute scope 3 emissions by 30%, by 2030 (baseline 2019).
- Reduction of absolute scope 1 and 2 GHG emissions by 90% by 2040.
- Net-zero GHG emissions, scopes 1, 2 and 3, by 2050.
The majority of our emissions are in our value chain, with nearly 70% coming from the use of sold products. Accelerating the development of more sustainable solutions to reduce the emissions of our customers is crucial.
Contribute to zero impact mining
We are developing solutions across all our industries. The mining sector of our business is a particular focus area as it accounts for a large percentage of our downstream emissions. As the world works to meet the targets of the Paris Agreement, there will be increased demand for the critical minerals needed to build the infrastructure for the energy transition.
Our ambition is for our equipment to contribute to zero impact mining of these minerals. Sustainable solutions for our mining equipment include battery-electric vehicles powered by fossil-free energy and energy-efficient rock processing solutions. We also offer productivity-enhancing manufacturing and machining solutions, optimizing energy and resource efficiency.
Working with our suppliers
Approximately a fifth of our emissions are from our suppliers. We work closely with them to identify ways to reduce emissions and we recommend they set science-based targets.
In our operations, our focus is on energy efficiency, switching to fossil-free energy and reducing emissions from internal transportation. We are working to ensure that every individual site has an action plan to reduce GHG emissions and increase energy efficiency.