When it comes to greenhouse gas (GHG) emissions, the indirect emissions from an organisation's value chain often make up the lion's share of its total carbon footprint. Yet these "scope 3" emissions are often the most difficult to measure and abate. One group of companies has come together to take on the challenge.

Sweden-based global corporates, including Sandvik, IKEA and Volvo Cars, formed MASSIV+ as a cross-industry partnership to drive a systematic and simplified process around collecting and validating emissions data. The goal? To set a new standard practice that makes it easy to be compliant when reporting GHG emissions throughout the value chain.

To find out more, we turned to Mats Lundberg, Head of Sustainability at Sandvik, a global engineering group and one of the companies participating in the MASSIV+ initiative.

What does corporate sustainability mean for Sandvik, and what does the strategy look like?

Our view on sustainability is deeply connected to business opportunities, focused on adding value and providing innovative sustainable solutions for our customers and society. We want to be a positive force in shaping the industries of the future, helping our customers make a sustainable transition in the areas of mining, rock processing and component manufacturing through the solutions we provide. Sandvik has committed to science-based targets for reducing GHG emissions by 50% by 2030, with 2019 as the base year, and to reduce absolute scope 3 emissions by 30%. Our commitment also includes becoming net zero by 2050.

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Nordea Bank Abp published this content on 02 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2024 11:12:15 UTC.