Sandvik commits to the Science Based Targets initiative
Sandvik AB, Stockholm, Sweden, has committed to set targets in line with the Science Based Targets initiative (SBTi), consistent with the Paris Agreement. The SBTi is a partnership between the Carbon Disclosure Project, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature. The requirements of SBTi include that greenhouse gas emissions must be halved by 2030 – and drop to net zero by 2050.
Sandvik offers a wide range of metal powders for Additive Manufacturing, including titanium, stainless steel, duplex- and super-duplex steels, nickel-base super alloys, aluminium, copper, and more. It already has ambitious sustainability targets for 2030 where it has committed to reaching a 50% reduction of greenhouse gas emissions. By joining the SBTi, Sandvik seeks to ensure that its sustainability targets are validated against science-based criteria.
This announcement is said to be a natural step in Sandvik’s sustainable business strategy, where it can make a big difference through its customer offerings, such as battery-electric mining equipment, productivity-enhancing manufacturing and machining solutions, and energy-efficient rock processing solutions.
“Sustainability is an integrated part of Sandvik’s strategy and of crucial importance for the society around us as well as for business,” commented Stefan Widing, president and CEO of Sandvik. “We constantly work with customers and suppliers to develop more productive, safer and more sustainable solutions, and setting Science Based Targets underlines our firm determination to reduce greenhouse gas emissions through our products and our operations.”
