Environment

Environmental data

We believe that what gets measured gets done. Therefore we monitor our environmental performance across a number of indicators, supporting our ambition to constantly lower our environmental impact. 

Environmental performance data illustration with graphs moving upwards in teal.

Emissions in our own operations

In 2023, CO2e emissions from our own operations were 38% lower than in the baseline year, 2019. An increased share of renewable electricity was the main driver, and some larger facilities switched to renewable energy during the year.

Emissions in our value chain

In 2023, absolute emissions in scope 3 were 28% higher than in the baseline year. The main reason for this increase is higher sales, but customers’ access to renewable electricity remains a major challenge to achieving our scope 3 emissions reduction target.

Waste management

Reducing waste is important to decrease the total environmental impact of our production and increase circularity. Most of our waste consists of scrap metal, and the vast majority is reused or recycled. This share has been consistently high for many years. Our target is that by 2030, we will reuse, recycle, or recover 100% of our waste. This target is closely related to circularity, keeping materials in a loop of reuse.

Waste and water 1) 2023 2022
Total waste in '000 kg 57,598 54,855
Waste (in kg)/COS2) 641 739
Reused, recycled or recovered waste, % 91 92
Water consumption in '000 m3 671 624
Water consumption (m3)/COS2) 7.5 8.4
1) New and extended scope from 2022, including all operations. 
2) See page 61 in the Annual Report 2023 for the definition of Cost of goods sold (COS).
Energy in own operations 1) 2) 2023 2022
Direct energy use in GWh 3) 153 159
Indirect energy use in GWh 4) 378 359
Total energy use in GWh 531 518
Total energy use in MWh/COS 5) 5.9 7.0
Renewable energy, % of total energy use 63.6 58.0
1) New and extended scope from 2022, including all operations.
2) Energy use excludes fuel and energy for company vehicles. The Group does not report cooling or steam separately.
3) The calculation of direct energy, i.e. energy generated by the company for its own production or operation, comprises all energy sources used on the sites, including diesel, oil, biofuel, gasoline, solar, geothermal, propane and natural gas.
4) Indirect energy, i.e. energy purchased externally by the company, includes;electricity (97%) and district heating (3%) used at the sites.
5) See page 61 in the Annual Report 2023 for the definition of Cost of goods sold (COS).
GHG emissions (restated value)
(CO2e) '000 tonnes 2023 2022 Retrospective base year 2019 % change 2023 vs. 2022 % change vs. base year Milestones and target years 2030
Scope 1 GHG emissions
Gross Scope 1 86 84 86 +2 0  
Scope 2 GHG emissions
Gross location-based Scope 2 142 140 - +1 -  
Gross market-based Scope 2 26 33 94 -21 -72  
Scope 1+2 GHG emissions  
Scope 1+2 (market based)  112 117 180 -4 -38 -46%
Scope 3 GHG emissions
Total Gross indirect (Scope 3) 250,528 233,197 195,236 +7 +28 -28%
Purchased goods and services (CO2e) '000 tonnes 3,764 4,250 3,276 -11 +15  
Use of sold products (CO2e) '000 tonnes 244,618 226,902 190,381 +8 +28  
Leased assets downstream (CO2e) '000 tonnes 1,668 1,541 1,086 +8 +54  
Other Categories (CO2e) '000 tonnes 478 504 493 -5 -3  
Total GHG emissions, (CO2e) '000 tonnes
Total GHG emissions (location based) 250,756 233,421 - +7 -  
Total GHG emissions (market based) 250,640 233,314 195,416 +7 +28  
GHG emissions* / revenue (MSEK)
(CO2e) '000 tonnes 2023 2022 Retrospective base year 2019 % change 2023 vs. 2022 % change vs. base year Milestones and target years 2030
Scope 1+2 (market based) GHG emissions / revenue  0,65 0,79 1,61 -18 -60  
Scope 3 GHG emissions (CO2e) tonnes / revenue 1,451 1,624 1,843 -11 -21  
Total GHG emissions (market based) / revenue 1,452 1,625 1,844 -11 -21  
Total GHG emissions (location based) / revenue 1,452 1,626 - -11 -  
* Historic data has not been restated for acquisitions.
GHG emissions restatement specification
(CO2e) '000 tonnes 2022 Base Year 2019
Scope 1+2 GHG emissions 
Initial reported Scope 1+2 108 162
Adjustment to Scope 1+2 9 18
Restated Scope 1+2 117 180
Scope 3 GHG emissions
Initial reported Scope 3
219,822 170,634
Adjustment to Scope 3 13,375 24,602
Restated Scope 3 233,197 195,236

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Strategy

Group targets

We set ambitious targets to achieve sustainable, profitable growth. Sustainability is integrated in our strategy and guides our priorities, targets and long-term commitments. This helps us deliver greater value to all stakeholders in a way that is economically, environmentally and socially responsible.
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Environment

Climate

Through our technologies and together with our business partners, we enable the transition to a low-carbon society. By setting science-based targets, we have committed to cut greenhouse gas emissions across our value chain in line with the Paris Agreement.
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Circularity

We integrate circularity in different stages of a product’s life – from design to waste reduction. We aim to systematically apply circularity principles in our product development, covering all new and redesigned products by 2027.
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