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 63 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sandvik's reported carbon emissions
In 2023, Sandvik reported total greenhouse gas emissions of approximately 78,000,000 kg CO2e for Scope 1 and 63,000,000 kg CO2e for Scope 2, resulting in a combined total of about 141,000,000 kg CO2e (market-based) and 259,000,000 kg CO2e (location-based). The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. Sandvik's near-term targets include a 50% reduction in absolute Scope 1 and 2 emissions by 2030, using 2019 as the baseline year. Additionally, the company aims to reduce absolute Scope 3 emissions by 30% within the same timeframe. For long-term goals, Sandvik is committed to a 90% reduction in absolute Scope 1 and 2 emissions by 2040 and a 90% reduction in Scope 3 emissions by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect Sandvik's commitment to sustainable practices within the electrical equipment and machinery sector. The company is actively working to integrate biogenic land-related emissions and removals from bioenergy feedstocks into its reduction strategies.
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Access structured emissions data, company-specific emission factors, and source documents
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 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 committed to some reduction initiatives 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.
