Greenhouse gases and energy
Sandvik is working to ensure that every individual site in the company has an action plan to increase energy efficiency and reduce greenhouse gas (GHG) emissions.
Sandvik had more than 200 Environmental Improvement Projects (EIPs) underway in 2022, many related to reducing green house gas emissions and increasing circularity. The EIPs cover the topics considered most material for each business area/division/site. For instance, the Svedala site in Sweden increased its heating recovery to reuse excess heat from production processes. Improved insulation in buildings, LED lighting and solar rooftop panels are other examples of initiatives.
Scope 1 and 2
One of our 2030 sustainability goals is to halve our Scope 1 and Scope 2 GHG emissions compared to our baseline. In 2022, GHG emissions increased by 4 percent to 142 ktons CO2e, mainly due to increased activity levels. We are still well in line with what is required to fulfill the 2030 goal.
In 2022, we did a Scope 3 greenhouse gas inventory, related to our application to the Science Based Targets initiative, in line with the GHG protocol. 2019 was selected the base year since it was considered to be the most recent representative year prior to the COVID–19 pandemic. Our main categories for emission are ‘Purchased goods and services’ and ‘Use of sold products’. Purchased goods and services is mainly driven by procurement of steel and cemented carbide. Use of sold products, such as mining and rock processing equipment, was calculated based on the life expectancy of the products. The emissions are related to fuel consumption, such as diesel, and electricity usage was included for battery-electric vehicles. Electricity usage was calculated based on emission factors per country.
Data on GHG emissions and energy
You find more data on greenhouse gas emissions and energy in the note for environmental footprint in the Annual report.