Höganäs receives approval from Science Based Targets initiative

April 19, 2023

Höganäs has received approval from the SBTi for its near and long-term science-based emissions reduction targets (Courtesy SBTi)
Höganäs has received approval from the SBTi for its near and long-term science-based emissions reduction targets (Courtesy SBTi)

Höganäs AB, Sweden, has received approval from the SBTi (Science Based Targets initiative) for the company’s near and long-term science-based emissions reduction targets and has verified its net-zero science-based targets. The initiative intends to promotes best practice in science-based target setting and will validate Höganäs’ progress towards its carbon neutral targets on a yearly basis.

Höganäs AB has been validated by SBTi for its commitment to reduce greenhouse gas emissions (GHG) from its own operations (Scope 1 & 2) by 51% from a 2018 base year, and to reduce absolute scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, and business travel by 30% within the same timeframe.

THE WORLD OF METAL AM TO YOUR INBOX
Subscribe to our weekly newsletter
Sign up

With this, Höganäs has reportedly become the first company in the metal powder industry to have its climate impact reduction targets validated by the Science Based Targets initiative (SBTi). Höganäs can thereby ensure its climate action is in line with the latest science.

“Höganäs’ ambition is to be the preferred supplier of sustainable metal powder and we want to take the lead and transform the industry towards a more sustainable future. This validation is an important milestone towards reaching our sustainability goals and we are determined to do our part in this transition, and to support our customers in fulfilling their respective ambitions to become more sustainable,” stated Magnus Eriksson, interim CEO, Höganäs AB.

To achieve the targets, Höganäs is focusing on transitioning to the use of fossil free energy in production and transport, replacing fossil process coals, and rethinking its material supplies. The ongoing initiatives include a plan to complete the preparation work for transition to 100% fossil-free electricity from 2023 and to achieve a 40% reduction of emissions from fossil fuels by 2026, which can be accomplished through electrification and the use of biofuels.

“In light of the latest climate science from the IPCC, this validation is an important recognition showing that we are serious about making our contribution to limiting global warming to 1.5°C,” added Catharina Nordeman, Vice President Sustainability. “After our targets were submitted for validation in January 2022, we have since accelerated our ambitions even more, to reach net-zero in scope 1&2 already in 2030, and throughout the value chain by 2037. However, these ambitions were not included in the validation by SBTi, but they are nevertheless what we strive for.”

Direct emissions reductions will be prioritised, and all residual emissions will be permanently removed from the atmosphere in line with SBTi criteria before reaching net-zero emissions.

www.hoganas.com

Download Metal AM magazine

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap