Alleima joins Science Based Targets initiative
January 3, 2023
Alleima, formerly Sandvik Materials Technology (SMT), has joined the Science Based Targets (SBTi) initiative and has committed to set science-based net-zero targets consistent with the Paris Agreement. This is a natural step for Alleima, as sustainability is an integrated part of its operations and customer offering.
It is important for us that an external part can confirm our ambitious goals and we want to highlight the importance of sustainability across our operations,” stated Göran Björkman, president and CEO of Alleima.
Alleima is already a signatory to several international principles and initiatives, including the United Nations global goals for sustainable development and the United Nations Global Compact. These principles and initiatives are said to form the basis of the company’s code of conduct and the code of conduct for suppliers.
“Sustainability is an integrated part of our strategy, it is part of our DNA, and of crucial importance for the society around us as well as for our customers. Our advanced materials are produced with a low carbon footprint and enable our customers to be more sustainable. The Science Based Targets initiative (SBTi) will add credibility, clarify our ambition for our customers, and enable us to actively work with our supply chain to address their carbon footprint,” Björkman added.
Alleima’s current climate and circularity targets include:
- Net-zero latest by 2050
- Reduce Scope 1 and 2 CO2 emissions by more than 50% by 2030 (compared to 2019)
- 83% recycled steel in finished products by 2030 (compared to 2019)
By committing to SBTi, Alleima has stated that it is expanding the scope to its entire value chain and sets long-term net-zero targets. Alleima will develop a target proposal that will undergo a technical validation by the SBTi, before they can be publicly launched. The maximum period allowed between commitment and approved target is twenty-four months.
Science Based Targets initiative (SBTi) is a partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi intends to drive ambitious climate action in the private sector by enabling companies to set science-based greenhouse gas emissions reduction targets.