Sandvik

Sandvik, a Swedish company in the Mining Machinery and Equipment Manufacturing industry, has reported its carbon emissions and climate commitments.

In 2025, Sandvik's total reported greenhouse gas emissions were approximately 8.31 billion kg CO2e. This included about 78.3 million kg CO2e from Scope 1 emissions, approximately 84.2 million kg CO2e from market-based Scope 2 emissions, and roughly 8.15 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions included Use of Sold Products (5.45 billion kg CO2e) and Purchased Goods and Services (2.05 billion kg CO2e).

Looking back, in 2024, Sandvik's total reported emissions were approximately 8.37 billion kg CO2e, with Scope 1 at about 81.5 million kg CO2e, market-based Scope 2 at approximately 80.9 million kg CO2e, and Scope 3 at roughly 8.21 billion kg CO2e. In 2023, the company reported Scope 1 emissions of approximately 80 million kg CO2e and market-based Scope 2 emissions of about 65 million kg CO2e.

Sandvik has set ambitious climate targets. The company is committed to achieving net-zero greenhouse gas emissions across its entire value chain by no later than 2050. This overall net-zero target, along with near-term and long-term targets, has been validated by the Science Based Targets initiative (SBTi).

Near-term targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 50% by 2030, from a 2019 base year.
• Reducing absolute Scope 3 GHG emissions by 30% by 2030, from a 2019 base year.

Long-term targets, consistent with a 1.5°C warming scenario, include:

• Reducing absolute Scope 1 and 2 GHG emissions by 90% by 2040, from a 2019 base year.
• Reducing absolute Scope 3 GHG emissions by 90% by 2050, from a 2019 base year.

Additionally, Sandvik Rock Tools aims for fully climate-neutral production units in terms of Scope 1 and 2 emissions by 2025 and net-zero emissions for its own operations, heating, and power (Scope 1 and 2) by 2040.