Ferronordic Sustainability Profile
Ferronordic AB, headquartered in Sweden, is a prominent player in the construction and mining equipment industry. Founded in 2012, the company has rapidly established itself as a leading distributor of high-quality machinery and services across Sweden and other key operational regions in Northern Europe. Specialising in the sale and servicing of Volvo Construction Equipment, Ferronordic distinguishes itself through its commitment to customer satisfaction and innovative solutions. The company has achieved significant milestones, including expanding its service offerings and enhancing its market presence. With a strong focus on sustainability and efficiency, Ferronordic has garnered a reputation for reliability and excellence, positioning itself as a trusted partner in the heavy equipment sector. Its dedication to quality and service has solidified its standing in the competitive landscape of construction and mining equipment distribution.
DitchCarbon Score
How does Ferronordic'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 Motor Vehicle Manufacturing 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
Ferronordic's score of 23 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ferronordic's reported carbon emissions
In 2024, Ferronordic reported total carbon emissions of approximately 12,076,000 kg CO2e from Scope 1, 1,011,000 kg CO2e from Scope 2 (market-based), and 2,992,000 kg CO2e from Scope 3 emissions, which include 178,000 kg CO2e from business travel and 2,992,000 kg CO2e from fuel and energy-related activities. This marks a significant increase in emissions compared to previous years, where total emissions were approximately 67,314,000 kg CO2e in 2021, 37,324,000 kg CO2e in 2020, and 34,747,000 kg CO2e in 2019. Ferronordic has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The company does not appear to have cascaded emissions data from a parent organization, as all data is sourced directly from Ferronordic AB (publ). Overall, while Ferronordic has made strides in reporting its emissions across all three scopes, the lack of defined reduction targets indicates an area for potential improvement in their climate strategy.
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| 2019 | 2020 | 2021 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 32,879,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 754,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,115,000 | 000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Ferronordic's Industry?
How Carbon Intensive is Ferronordic's Location?
Ferronordic's Scope 3 Categories Breakdown
Ferronordic's Scope 3 emissions, which increased by 261% last year and increased by approximately 184% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 19% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 94% of Scope 3 emissions.
Top Scope 3 Categories
Ferronordic's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ferronordic has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
