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Ovako AB
Ovako AB, headquartered in Sweden, is a leading provider of engineering steel solutions, specialising in the production of high-quality steel for various industries, including automotive, manufacturing, and construction. Founded in 2005, Ovako has established itself as a key player in the European market, with significant operations across Sweden, Finland, and the Netherlands. The company is renowned for its innovative approach to steel production, offering a range of products such as bars, tubes, and wire, all designed to meet the stringent demands of modern engineering applications. Ovako's commitment to sustainability and efficiency sets it apart, as it continually invests in advanced technologies to reduce its environmental impact. With a strong market position and a reputation for excellence, Ovako AB is dedicated to delivering superior steel solutions that drive progress in various sectors.
DitchCarbon Score
How does Ovako 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 Business Services 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
Ovako AB's score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ovako AB, headquartered in Sweden, is committed to addressing climate change through various initiatives, although specific carbon emissions data is currently unavailable. The company is a member of the Science Based Targets initiative (SBTi) and has made commitments to reduce its carbon footprint, although some near-term targets have been removed or expired. As a current subsidiary of Sanyo Special Steel Co., Ltd., Ovako AB's climate commitments may be influenced by its parent company's sustainability strategies. The company is classified under the mining sector, specifically focusing on iron, aluminium, and other metals. While Ovako AB has not set a net-zero target, it is a member of the BA1.5 initiative, indicating a commitment to align with a 1.5°C pathway. Ovako AB's climate strategy reflects a broader industry context where companies are increasingly held accountable for their environmental impact. The absence of specific emissions data highlights the need for transparency and ongoing efforts to establish measurable targets in line with global climate goals.
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| 2020 | 2022 | |
|---|---|---|
| Scope 1 | 244,000,000 | 000,000,000 |
| Scope 2 | 254,000,000 | 000,000,000 |
| Scope 3 | 660,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ovako AB is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
