Sandvik has committed to set targets in line with the Science-Based Targets initiative (SBTi), consistent with the Paris Agreement. This is 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.
Sandvik already has ambitious sustainability targets for 2030 where it has committed to reach a 50% reduction of greenhouse gas emissions. By joining the SBTi, Sandvik will seek to get its sustainability targets validated against science-based criteria.
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 at the latest.
