Lifco AB Sustainability Profile
Lifco AB, a prominent player in the industrial sector, is headquartered in Sweden (SE) and operates extensively across Europe and beyond. Founded in 1995, the company has established itself in various industries, including dental, demolition, and packaging, offering a diverse range of products and services tailored to meet specific market needs. Lifco's core offerings include high-quality dental equipment, innovative demolition tools, and efficient packaging solutions, all distinguished by their reliability and advanced technology. The company has achieved significant milestones, positioning itself as a leader in its field, with a strong focus on sustainability and customer satisfaction. Lifco AB continues to expand its market presence, driven by a commitment to excellence and innovation in every aspect of its operations.
DitchCarbon Score
How does Lifco AB's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Medical Device Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lifco AB's score of 63 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lifco AB's reported carbon emissions
In 2024, Lifco AB reported total carbon emissions of approximately 4,846,005,000 kg CO2e, with Scope 1 emissions at about 8,330,000 kg CO2e, Scope 2 emissions at approximately 5,142,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 4,832,533,000 kg CO2e. This represents a notable increase from 2023, when total emissions were about 4,072,631,000 kg CO2e. Lifco has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2023 as the base year. This target aligns with the Science Based Targets initiative (SBTi) criteria, ensuring that their reduction efforts are consistent with the global goal of limiting warming to 1.5°C. Additionally, Lifco plans for 10% of its customers by revenue, covering the use of sold products, to have science-based targets by 2029. In terms of recent achievements, Lifco reported a decrease of approximately 318 tonnes CO2e in Scope 1 and 2 emissions from 2022 to 2023, equating to a reduction of about 1.9%. The company is also preparing to establish a long-term science-based emissions target for both Scope 1 and Scope 2 emissions, with a target year set for 2050. Lifco's emissions data is cascaded from its parent company, Lifco AB (publ), ensuring a comprehensive understanding of its carbon footprint and climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,328,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 10,849,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 10,989,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 |
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Lifco AB's Scope 3 Categories Breakdown
Lifco AB's Scope 3 emissions, which increased by 19% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 92% of Scope 3 emissions.
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Lifco AB's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lifco AB has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Lifco AB's sustainability data and climate commitments