Sandvik

Sandvik, a Swedish-headquartered Mining Machinery and Equipment Manufacturing company, reported approximately 8.31 billion kg CO2e in total carbon emissions for 2025. This includes about 78.3 million kg CO2e from Scope 1 emissions, 84.2 million kg CO2e from Scope 2 market-based emissions, and approximately 8.15 billion kg CO2e from Scope 3 emissions.

In 2024, Sandvik's total carbon emissions were approximately 8.37 billion kg CO2e, with about 81.5 million kg CO2e from Scope 1, 80.9 million kg CO2e from Scope 2 market-based, and approximately 8.21 billion kg CO2e from Scope 3.

Looking back to 2019, the base year for several targets, Sandvik's total emissions were approximately 8.37 billion kg CO2e. This comprised about 100.0 million kg CO2e in Scope 1 emissions, 158.5 million kg CO2e in Scope 2 market-based emissions, and approximately 8.11 billion kg CO2e in Scope 3 emissions.

Sandvik has demonstrated a clear commitment to climate action, with Science Based Targets initiative (SBTi) validated targets. The company aims to achieve net-zero greenhouse gas (GHG) emissions across its entire value chain by no later than 2050.

Near-term, Sandvik commits to reducing absolute Scope 1 and 2 GHG emissions by 50% by 2030, compared to a 2019 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions by 30% within the same timeframe. Long-term, Sandvik is committed to a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2040 from a 2019 base year, and a 90% reduction in absolute Scope 3 GHG emissions by 2050 from a 2019 base year.

Sandvik Rock Tools, a division of the company, has set an even more ambitious target of achieving zero emissions by 2045. Furthermore, Sandvik Rock Tools aims to have fully climate-neutral production units regarding Scope 1 and 2 emissions by 2025. The company also targets net-zero emissions for its own operations, heating, and power (Scope 1 and 2) by 2040.