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 sectors, as well as in materials technology. With a strong presence in Europe, North America, and Asia, the company operates across various industries, providing innovative solutions that enhance productivity and sustainability. Sandvik's core offerings include advanced materials, cutting tools, and mining equipment, distinguished by their high performance and durability. The company is renowned for its commitment to research and development, which has led to numerous technological advancements and a robust market position. Notable achievements include pioneering sustainable mining practices and being a key player in the global transition towards more efficient resource utilisation.
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 carbon 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). The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. For near-term targets, Sandvik has committed to reducing absolute Scope 1 and 2 emissions by 50% by 2030, using 2019 as the baseline year. Additionally, the company plans to cut absolute Scope 3 emissions by 30% within the same timeframe. Long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions by 2040 and a 90% reduction in Scope 3 emissions by 2050, also from a 2019 baseline. These targets encompass biogenic land-related emissions and removals from bioenergy feedstocks, aligning with industry standards for climate action. Sandvik's commitment reflects its dedication to sustainability and reducing its environmental impact in the electrical equipment and machinery sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
