Sweden’s Höganäs AB has released its 2022 sustainability report, highlighting a rewarding, yet challenging year that it states has once again reinforced the fact that constant change, uncertainty, and disruption of business prerequisites are no longer the exception but the norm.
The company’s climate targets are to achieve net-zero emissions in its own operations by 2030, and across the value chain in 2037.
“One example is our efforts to develop the atomising process to produce metal powders using scrap metal at our plant in Halmstad, Sweden. We now use almost 100% recycled metals in production – a great achievement which is drastically lowering our climate impact,” stated Magnus Eriksson, Acting CEO at Höganäs.
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Another example stated is the company’s Life Cycle Assessment (LCA) work, where its goal is to provide LCAs on its products, enabling customers to choose more sustainable alternatives based on facts.
“Our projects where we work together with our customers to create LCAs allow us to connect our sustainability agenda even closer to our core strategy. We are happy to see that an increasing number of customers are already reaching out to us, expressing their interest in working together on their climate footprint and improved circularity for our products and processes,” added Catharina Nordeman, Vice President Group Sustainability.
Five main focus areas
To gain momentum in its sustainability work Höganäs focuses on five areas, all of them interlinked, and reinforcing each other. Although emphasis is on climate change, the other focus areas – products, workplace, environment and society – are said to balance its efforts to cover material topics and contribute to achieving climate targets.
“Looking forward, we will focus more on other areas closely connected to climate change like human rights and biodiversity to stay on top of potential impact. We need to build our capabilities regarding transparent reporting to meet future legal demands and stakeholder expectations. But progress is faster than ever, and our prospects for the future look good,” concluded Nordeman.
Read more and download the full report here.