Sandvik Coromant Furthers Sustainability Commitment
Following validation from the Science Based Target initiative, Sandvik Coromant is working toward several revised sustainability goals.
Sandvik Coromant has committed to near-term, company-wide emission reductions in line with the Science Based Target initiative (SBTi) as part of the organization’s commitment to reducing its greenhouse gas emissions and practicing responsible manufacturing.
A collaboration between global nonprofit CDP, the United Nations Compact, World Resources Institute (WRI) and the WorldWide Fund for Nature (WWF), SBTi defines and promotes best practice in emissions reduction and net-zero targets in line with climate science. The initiative works alongside businesses to help them take the necessary steps to reduce carbon emissions.
Alongside the wider Sandvik Group, Sandvik Coromant first committed to set targets in line with the SBTi’s criteria in December 2021, beginning a rigorous validation process during which the SBTi worked with the team to help update its targets. Now, following validation from the SBTi, Sandvik Coromant is working toward several revised sustainability goals.
First, the organization is committed to reaching net-zero. When considering net-zero, greenhouse gas emissions are split into three scopes. Sandvik Coromant plans to reach net-zero for scopes one and two — which include emissions produced directly within Sandvik Coromant’s operations and those produced indirectly through heating and power — by 2035. It aims to reach net-zero for scope three emissions — those that result from activity that takes place beyond facility walls, such as the production of raw material and emissions generated through the supplier network — by 2050.
Sandvik Coromant is also working to become more than 90% circular by 2030, with its buy-back scheme for recycling used carbide tools forming an important part of its circularity strategy. The company’s third sustainable business goal relates directly to people, with a pledge for women to make up a third of Sandvik Coromant’s management team by 2030.
“Committing to science-based targets is a crucial part of our sustainability strategy,” says Patrik Eurenius, head of sustainability and EHS at Sandvik Coromant. “With SBTi validation, we can evidence our commitment to leading the manufacturing shift even further. We want to support everyone — our customers, colleagues, partners and stakeholders — in the transition toward sustainable manufacturing. Now, we have the science behind us to help make that happen.”
