Sandvik
Sandvik AB, commonly referred to as Sandvik, is a global engineering company headquartered in Sweden (SE). Founded in 1862, Sandvik has established itself as a leader in the mining and construction industries, with significant operations across Europe, North America, and Asia. The company is renowned for its innovative solutions in materials technology, mining equipment, and rock drilling tools. Sandvik's core products include advanced steel and metal alloys, cutting tools, and equipment for underground mining and surface drilling. What sets Sandvik apart is its commitment to sustainability and technological advancement, ensuring high performance and efficiency in its offerings. With a strong market position, Sandvik has achieved numerous accolades for its contributions to the industry, solidifying its reputation as a trusted partner for customers worldwide.
DitchCarbon Score
How does Sandvik'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
Sandvik's score of 85 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sandvik's reported carbon emissions
In 2024, Sandvik reported total greenhouse gas emissions of approximately 134,000,000 kg CO2e, comprising 15,200,000 kg CO2e from Scope 1 and 17,800,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, amounting to about 8,200,000,000 kg CO2e. This data reflects a commitment to transparency in emissions reporting, with all scopes disclosed. Sandvik has set ambitious climate targets, aiming for a 50% reduction in absolute Scope 1 and 2 emissions by 2030, using 2019 as the base year. Additionally, the company is committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. Long-term goals include a 90% reduction in Scope 1 and 2 emissions by 2040 and a 90% reduction in Scope 3 emissions by 2050. The company's climate initiatives are validated by the Science Based Targets initiative (SBTi), ensuring alignment with global climate goals. Sandvik's commitment to sustainability is further exemplified by its target for fully climate-neutral production units by 2025, specifically addressing Scope 1 and 2 emissions. Overall, Sandvik's emissions data and climate commitments reflect a proactive approach to reducing its carbon footprint and contributing to global climate action, with a clear roadmap towards achieving net-zero emissions by 2050.
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| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 180,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 211,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | 0,000,000 | 0,000,000,000 | - | - | 0,000,000,000 | - | 0,000,000,000 |
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.
Sandvik is participating in some 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.
