Governance
Sustainability strategy
In 2019, we have reviewed our strategy and are happy to present the outlines of the updated version in this report.
Developments since 2016
Since 2016, Mount Sustainability has served us well not only by raising awareness, pointing out the right direction and communicating our ambitions, but also by raising questions and clarifying in which areas our toughest challenges lie. This has helped us identify where to deepen our knowledge and understanding to be able to act decisively.
For example, it has become even clearer that the path “Climate neutral operations” is a huge challenge, not only for us as a company but for the whole industry due to our carbon intensive production processes. We knew already in 2016 where we wanted to be, but not how to get there. This resulted in our “Climate Roadmap 2045”, which was launched in 2019. This roadmap is a big step forward in formulating our priorities and the concrete actions needed ahead to substantially decrease our climate impact.
Höganäs’ new sustainability strategy with focus on five areas; workplace, society, climate, environment and products.
Another example is the path “Sustainable offerings and long-term profitability”. We realized early on that we needed to adapt to the market changes caused by electrification, digitalisation and other technical developments, changes in legislation, increased environmental awareness and other trends driven by climate change and increased environmental and social demands. In order to stay competitive and to create long-term value, our product portfolio must be seen as part of the solution to our customers’ and their customers’ sustainability challenges. Again, we knew where we wanted to be, but we needed more in-depth knowledge about how to move forward. This has resulted in a product vision that will support the different product development teams around the world to make the right choices and priorities.
There are areas where we have made progress, for example concerning zero waste and energy efficiency. But there are other areas where we need to rethink how we can progress faster, for example concerning zero accidents and gender diversity.
Mount Sustainability, through both its visionary and ambitious expression, has created awareness and a sense of urgency in the organization that we needed in order to move on to the next level of maturity and commitment.
Our strategic focus areas
| Focus area | Description |
|
Workplace SDGs |
This focus area is all about people, good working conditions, zero accidents and healthy workplaces. |
|
Society |
This focus area is about how we act responsibly as member of society, upholding our ethical standards in everything we do. This includes our sourcing, our financial reporting and tax payments, our transparency and compliance towards legislation. |
|
Climate |
This focus area is all about climate impact; the GHG emissions from our own processes, our transition from non-renewables to renewables, energy efficiency and the choices we make concerning upstream materials that have climate impact. |
|
Environment |
This focus area addresses the environmental impact from our activities and from the materials and chemicals that we use. It is also about the technology we invest in, how well we maintain it and our ability to prevent spills, leakages and other unplanned events with environmental consequences. |
|
Products |
This area focuses on our product portfolio and how to best solve our customers’ challenges – a portfolio that is circular, resource and energy efficient as well as adapted to a low carbon society. |
