Sandvik Sustainability Profile
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 80 is higher than 89% 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 148,000,000 kg CO2e, comprising 81,000,000 kg CO2e from Scope 1 and 67,000,000 kg CO2e from Scope 2. The company also disclosed significant Scope 3 emissions, amounting to about 8,200,000,000 kg CO2e. In 2023, Sandvik's emissions were slightly lower, with total emissions of approximately 145,000,000 kg CO2e, including 80,000,000 kg CO2e from Scope 1 and 65,000,000 kg CO2e from Scope 2. Sandvik has set ambitious climate commitments, aiming for net-zero emissions across its entire value chain by 2050. Near-term targets include a 50% reduction in absolute Scope 1 and 2 emissions by 2030, using 2019 as the baseline. Additionally, the company plans to reduce Scope 3 emissions by 30% within the same timeframe. 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. These targets have been validated by the Science Based Targets initiative (SBTi), ensuring alignment with global climate efforts. Sandvik's commitment to achieving fully climate-neutral production units by 2025 further underscores its dedication to sustainability. The company is headquartered in Sweden (SE) and operates under the corporate family of Sandvik AB (publ).
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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 | - | 000,000,000 | 00,000,000 | 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 | - | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0,000,000,000 | - | - | 0,000,000,000 | - | 0,000,000,000 |
How Carbon Intensive is Sandvik's Industry?
How Carbon Intensive is Sandvik's Location?
Sandvik's Scope 3 Categories Breakdown
Sandvik's Scope 3 emissions, which decreased by 9% last year and increased by approximately 1% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 65% of Scope 3 emissions.
Top Scope 3 Categories
Sandvik'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.
Sandvik has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Sandvik's sustainability data and climate commitments