OEM Sandvik has committed to the targets of the Science Based Targets initiative (SBTi), consistent with the Paris Agreement, as part of its sustainable business strategy.
Sandvik, which already set its sustainability targets for 2030 of a 50% GHG reduction, said it wants to “make a big difference through our customer offerings” that includes battery-electric mining equipment, productivity-enhancing manufacturing and machining solutions and energy-efficient rock processing solutions.
President and CEO Stefan Widing said that, by joining the SBTi, the company will get its sustainability targets validated against science-based criteria.
“Sustainability is an integrated part of Sandvik’s strategy and of crucial importance for the society around us as well as for business,” he said.
“We constantly work with customers and suppliers to develop more productive, safer and more sustainable solutions, and setting Science Based Targets underlines our firm determination to reduce greenhouse gas emissions through our products and our operations.”
The Science Based Targets initiative 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.