Potential offtaker

Höganäs AB

www.hoganas.com

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Which other companies from Sweden are actively involved in decarbonization initiatives?
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  • Investor AB
  • Volvo AB
  • SSAB
  • Telia Company AB
  • Höganäs AB is a Swedish company that operates in the Powder Metallurgy Parts sector. The company is a global leader in the production of metal powders and is committed to sustainability and decarbonisation. Höganäs AB was founded in 1797 and has a long history of innovation in the production of metal powders.

    The company's commitment to sustainability is evident in its corporate energy strategy. Höganäs AB has set ambitious targets to reduce its carbon footprint and increase the use of renewable energy. The company has implemented a number of initiatives to achieve these targets, including the use of corporate power purchase agreements (PPAs) to source renewable energy.

    A corporate PPA is a long-term agreement between a company and a renewable energy provider. The agreement guarantees the purchase of a certain amount of renewable energy at a fixed price over a specified period. Höganäs AB has signed several corporate PPAs with renewable energy providers to source renewable energy for its operations.

    One of the key benefits of corporate PPAs is that they provide a stable and predictable source of renewable energy. This allows companies like Höganäs AB to plan for the long term and make investments in renewable energy infrastructure. Corporate PPAs also help to support the growth of the renewable energy sector by providing a reliable source of demand for renewable energy.

    Höganäs AB has also invested in renewable energy infrastructure to support its decarbonisation efforts. The company has installed solar panels at its production facilities to generate renewable energy on-site. The solar panels help to reduce the company's reliance on fossil fuels and lower its carbon footprint.

    In addition to its renewable energy initiatives, Höganäs AB has implemented a number of measures to improve energy efficiency and reduce its overall energy consumption. The company has conducted energy audits at its production facilities to identify areas where energy efficiency can be improved. The audits have resulted in the implementation of energy-saving measures such as the installation of energy-efficient lighting and the use of more efficient production processes.

    Höganäs AB's commitment to sustainability extends beyond its energy strategy. The company has set ambitious targets to reduce its environmental impact across its operations. This includes reducing waste, water consumption, and emissions.

    The company's focus on sustainability has also led to the development of innovative products that help to reduce the environmental impact of its customers. Höganäs AB produces metal powders that are used in a wide range of applications, including automotive, aerospace, and medical devices. The company has developed metal powders that are lighter and more durable than traditional materials, helping to reduce the weight and fuel consumption of vehicles and aircraft.

    Höganäs AB's commitment to sustainability has been recognised by a number of industry awards and certifications. The company has been awarded the ISO 14001 certification for its environmental management system and the ISO 50001 certification for its energy management system. Höganäs AB has also been recognised as a leader in sustainability by the Dow Jones Sustainability Index.

    In conclusion, Höganäs AB is a Swedish company that operates in the Powder Metallurgy Parts sector. The company is committed to sustainability and decarbonisation, and has implemented a number of initiatives to reduce its environmental impact. Höganäs AB's corporate energy strategy includes the use of corporate PPAs to source renewable energy, as well as investments in renewable energy infrastructure and energy efficiency measures. The company's focus on sustainability has led to the development of innovative products that help to reduce the environmental impact of its customers. Höganäs AB's commitment to sustainability has been recognised by a number of industry awards and certifications, and the company is a leader in the transition to a more sustainable future.

    ✓ Science Based Targets member