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).

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Strategy

Group targets

We set ambitious targets to achieve sustainable, profitable growth. Sustainability is a central part of our mission, strategic direction and targets. 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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Environment

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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