One of the highlights is the acceleration towards our climate targets – to achieve net-zero emissions in our own operations by 2030 and across the value chain in 2037. These are goals that were approved by Höganäs’ board in 2022. By reducing our Scope 1, 2 and 3 emissions, we are significantly lowering our customers’ Scope 3 emissions and supporting them in their climate transitions.

“One example is our efforts to develop the atomising process to produce metal powders using scrap metal at our plant in Halmstad, Sweden. We now use almost 100 percent recycled metals in production – a great achievement which is drastically lowering our climate impact,” says Magnus Eriksson, Acting CEO at Höganäs.

LCA to accelerate the sustainability transition

Another example is our Life Cycle Assessment (LCA) work, where our goal is to provide LCAs on our products, enabling our customers to choose more sustainable alternatives based on facts.

“Our projects where we work together with our customers to create LCAs allow us to connect our sustainability agenda even closer to our core strategy. We are happy to see that an increasing number of customers are already reaching out to us, expressing their interest in working together on their climate footprint and improved circularity for our products and processes,” says Catharina Nordeman, Vice President Group Sustainability.

Five main focus areas

We work continuously to reduce our negative impact, while strengthening the positive effects of our business. To gain momentum in our sustainability work we focus on five areas, all of them interlinked, and reinforcing each other. Although we put emphasis on climate change, the other focus areas - products, workplace, environment and society – balance our efforts to cover our material topics and contribute to achieving our climate targets.

“Looking forward, we will focus more on other areas closely connected to climate change like human rights and biodiversity to stay on top of potential impact. We need to build our capabilities regarding transparent reporting to meet future legal demands and stakeholder expectations. But progress is faster than ever, and our prospects for the future look good,” says Catharina.

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