Sandvik

Sandvik, a Swedish-based Mining Machinery and Equipment Manufacturing company, reported its carbon emissions for 2025 as approximately 8.308 billion kg CO2e. This total includes:

• Scope 1 emissions: Approximately 78.3 million kg CO2e
• Scope 2 emissions (market-based): Approximately 84.2 million kg CO2e
• Scope 3 emissions: Approximately 8.145 billion kg CO2e, with the largest contributors being 'use of sold products' at approximately 5.449 billion kg CO2e and 'purchased goods and services' at approximately 2.046 billion kg CO2e.

Looking back, Sandvik's total emissions were approximately 8.373 billion kg CO2e in 2024 and approximately 8.365 billion kg CO2e in 2019.

Sandvik is committed to ambitious climate action, with Science Based Targets initiative (SBTi) validated targets. The Sandvik Group aims to achieve net-zero greenhouse gas emissions across its entire value chain by no later than 2050.

Key reduction targets include:

• A near-term commitment to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, using 2019 as the baseline year.
• A near-term commitment to reduce absolute Scope 3 GHG emissions by 30% by 2030, also from a 2019 baseline.
• Long-term targets include reducing absolute Scope 1 and 2 GHG emissions by 90% by 2040 from a 2019 base year and absolute Scope 3 GHG emissions by 90% by 2050 from a 2019 base year.

Sandvik Rock Tools also has specific aims, including achieving fully climate-neutral production units regarding Scope 1 and 2 emissions by 2025 and net-zero emissions for its own operations, heating, and power (Scope 1 and 2) by 2040.