Sandvik Coromant Expands Sustainable Commitment

As part of the organization’s commitment to decreasing greenhouse gas emissions and practising responsible manufacturing, Sandvik Coromant has committed to near-term, company-wide emission reductions through the Science Based Target initiative (SBTi). SBTi is a collaboration of the worldwide nonprofit CDP, the United Nations Compact, the World Resources Institute (WRI), and the World Fund for Nature (WWF) that specifies and supports best practices in emissions reduction and net-zero targets that are consistent with climate science. The project collaborates with businesses to assist them in taking the required actions to minimise carbon emissions. Sandvik Coromant first committed to setting targets in compliance with the SBTi’s standards in December 2021, kicking off a thorough validation process in which the SBTi worked with the team to help revise its targets. Sandvik Coromant is now working towards numerous amended sustainability goals, following SBTi approval.

First and foremost, the organisation is committed to going net zero. When evaluating net-zero emissions, greenhouse gas emissions are divided into three categories. Sandvik Coromant intends to achieve net-zero emissions for scopes one and two by 2035, which comprise emissions produced directly within Sandvik Coromant’s operations as well as those created indirectly through heating and power. It intends to achieve net-zero emissions for scope three emissions — those resulting from activities occurring outside of facility boundaries, such as raw material production and emissions created through the supplier network — by 2050. Sandvik Coromant is also seeking to become more than 90% circular by 2030, with its buy-back system for recycling used carbide tools playing an essential role in this effort. The third sustainable business target of Sandvik Coromant is directly related to people, with a vow for women to make up one-third of the company’s executive team by 2030.

“Committing to science-based targets is an important part of our sustainability strategy,” says Patrik Eurenius, Sandvik Coromant’s head of sustainability and EHS. “With SBTi validation, we can demonstrate our continued commitment to leading the manufacturing shift.” We wish to assist everyone in the transition to sustainable manufacturing, including our customers, colleagues, partners, and stakeholders. We now have the science to assist us in making it happen.”