Alleima, formerly Sandvik Materials Technology, is expanding the scope of its entire value chain and is setting long-term net-zero targets by committing to set science-based net zero targets in line with the Paris Agreement.
This, claims the global manufacturer of high value-added products in advanced stainless steels, is a natural step for the company, as sustainability is an integrated part of its operations and customer offering. “It is important for us that an external part can confirm our ambitious goals and we want to highlight the importance of sustainability across our operations,” says Göran Björkman, president and CEO of Alleima.
“Sustainability is an integrated part of our strategy, it is part of our DNA, and of crucial importance for the society around us as well as for our customers."Göran Björkman, president and CEO of Alleima.
Alleima is already a signatory to several international principles and initiatives, including the United Nations global goals for sustainable development and the United Nations Global Compact. The principles form the basis of the company's code of conduct and the code of conduct for suppliers.
“Sustainability is an integrated part of our strategy, it is part of our DNA, and of crucial importance for the society around us as well as for our customers. Our advanced materials are produced with a low carbon footprint and enable our customers to be more sustainable. The Science Based Targets initiative [SBTi] will add credibility, clarify our ambition for our customers, and enable us to actively work with our supply chain to address their carbon footprint”, says Göran Björkman.
Alleima’s current climate and circularity targets are as follows:
- Net-zero by 2050 at the latest.
- Reduce Scope 1 and 2 C02 emissions by more than 50% by 2030 (compared to 2019)
- 83% recycled steel in finished products by 2030 (compared to 2019)
By committing to SBTi, Alleima is expanding the scope to its entire value chain and sets long-term net-zero targets. Alleima will develop a target proposal that will undergo a technical validation by the SBTi, before it can be publicly launched. The maximum period allowed between commitment and approved target is 24 months.
SBTi is a partnership between the Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi claims to drive ambitious climate action in the private sector by enabling companies to set science-based greenhouse gas emissions reduction targets. For more information about the SBTi, please visit https://sciencebasedtargets.org/.