Höganäs joins the Science Based Targets initiative

January 25, 2022

Höganäs has joined the Science Based Targets initiative, which supports companies establishing reduction targets (Courtesy Virginie Willenet)

Sweden’s Höganäs AB has committed to the Science Based Targets initiative (SBTi), which is intended to help create transparency and accountability in the company’s target to reduce greenhouse gas emissions to net-zero by 2045 and become the first green metal powder producer.

The near-term target is a 50% reduction of the emissions in scope 1 and 2 by 2030; the target for Scope 3 is a 30% reduction of emissions from raw materials by 2030. In an effort to achieve these targets, Höganäs is focusing on improving energy efficiency, transitioning to the use of fossil free energy in production and transport, replacing fossil process coals, and rethinking its materials supply. The ongoing initiatives include a plan to complete the preparation work for the transition to 100% fossil-free electricity from 2023, and to achieve a 40% reduction of emissions from fossil fuels by 2026.

“The commitment to the Science Based Targets initiative is the right way to go in our journey towards becoming the first green metal powder producer in the world and to set the benchmark within our industry,” stated Fredrik Emilson, CEO. “Our climate ambition will be better showcased and our commitment and progress more transparent to all stakeholders. A way to demonstrate our accountability, if you will.”

Committing to the SBTi is the first step in a process that takes several months. In the next stage, Höganäs will specify its climate targets further and then submit to the SBTi for official validation.

SBTi is a partnership between the Carbon Disclosure Project (CDP), UN Global Compact, World Resources Institute (WRI) and World Wide Fund for Nature (WWF). The initiative supports companies in establishing scientifically based emission reduction targets.

“Being the sustainability leader will secure our competitive edge and we will be operating with the lowest emission footprint in our industry,” continued Emilson. “Through this, we support our customers in fulfilling their respective ambitions to become more sustainable.”

www.hoganas.com

Latest Industry News

Download the latest issue of PM Review

Our latest issue is now available to download in PDF format, free of charge.

  • View PDF

  • As well as an extensive Powder Metallurgy industry news section, this 120-page issue includes the following exclusive articles and reports:

    • Powder Metallurgy has always been green. Now, we need to learn to talk about it
    • 39th Hagen Symposium 2021: Sustainable solutions and new markets for Powder Metallurgy
    • Euro PM2021: A view to CO2 reduction across the Powder Metallurgy workflow
    • How to make metal powders. Part 2: Understanding water atomisation and water atomised powders
    • Gasbarre Products, Inc: Three generations of press and furnace expertise in the heartland of North America’s PM industry
    • More information

    Industry News

    E-newsletter

    Sign up to our free e-newsletter, sent weekly to industry professionals around the world. We'll also let you know each time a new issue of PM Review magazine is available.

    Subscribe for a FREE digital magazine

    PM Review is the leading international magazine for the Powder Metallurgy industry.
    Published four times a year, it is available as a free download or through a print subscription

    Connect with us

    Powder Metallurgy: The original net-shape production process

    Powder Metallurgy components are relied upon by a wide variety of manufacturing industries, from automotive to power tools, household appliances, chemical engineering, filtration and more.

    The main reason for the technology’s success is its cost-effectiveness at producing high volumes of net-shape components, combined with its ability to allow the manufacture of products that, because of the production processes, simply cannot be manufactured by other methods.

    To discover more about how the technology has revolutionised component production, browse our Introduction to Powder Metallurgy.

    Latest industry news

    Copy link