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Sandvik Group is a Swedish multinational company that operates in the construction and mining machinery sector. Founded in 1862, the company has a rich history of innovation and has been at the forefront of technological advancements in the industry. Sandvik Group has a global presence, with operations in over 160 countries and employs over 40,000 people worldwide.

As the world faces the challenge of climate change, Sandvik Group has been taking steps towards decarbonisation. The company has set ambitious targets to reduce its carbon footprint and has implemented measures to achieve these goals. Sandvik Group has recognised that transitioning to a low-carbon economy is not only necessary for the environment but also for the long-term sustainability of the business.

One of the key areas that Sandvik Group has been focusing on is corporate energy. The company has been working towards reducing its energy consumption and increasing the use of renewable energy sources. Sandvik Group has set a target to reduce its energy consumption by 20% by 2020 and has already achieved a 14% reduction in energy consumption since 2015.

To achieve its energy reduction targets, Sandvik Group has implemented a range of measures, including the installation of energy-efficient lighting and heating systems in its facilities. The company has also invested in renewable energy sources, such as solar and wind power. Sandvik Group has installed solar panels on the roofs of its facilities and has signed a corporate power purchase agreement (PPA) for wind power in Sweden. The PPA will provide Sandvik Group with 20% of its total electricity consumption in Sweden from renewable sources.

Corporate PPA is a key tool for companies to increase their use of renewable energy sources. Sandvik Group has recognised the importance of corporate PPA and has been actively pursuing opportunities to sign such agreements. The company has signed a PPA for wind power in Sweden and has also signed a PPA for solar power in South Africa. These agreements have allowed Sandvik Group to increase its use of renewable energy sources and reduce its carbon footprint.

Renewable energy is a key component of Sandvik Group's decarbonisation strategy. The company has recognised the importance of transitioning to a low-carbon economy and has been taking steps towards achieving this goal. Sandvik Group has set ambitious targets to reduce its carbon footprint and has implemented measures to achieve these targets. The company has also been investing in renewable energy sources, such as solar and wind power, and has signed corporate PPAs to increase its use of renewable energy.

In conclusion, Sandvik Group is a Swedish multinational company that operates in the construction and mining machinery sector. The company has a global presence and employs over 40,000 people worldwide. Sandvik Group has recognised the importance of decarbonisation and has set ambitious targets to reduce its carbon footprint. The company has implemented measures to achieve these targets, including reducing its energy consumption and increasing its use of renewable energy sources. Sandvik Group has also signed corporate PPAs for wind and solar power to increase its use of renewable energy. The company's commitment to decarbonisation and renewable energy is a testament to its long-term sustainability and commitment to the environment.

✓ Science Based Targets member
✓ Declared Net Zero commitment