Sustainability targets

We have defined targets and activities in all three areas of sustainability: environment, social and governance.

Environmental 


Reduce greenhouse gas emissions

Our greenhouse gas emissions in scope 1 & 2* are to be reduced to 134 kg CO2e/ton wire, a reduction of 83 percent in 2030 compared to the baseline year 2020. 

Scope 1 - Direct emissions from owned or controlled sources and  Scope 2 Indirect emissions from purchased energy.

Elimination of non-environmentally friendly elements

Elimination of certain non-environmentally friendly elements within our operations by 2030. The non-environmentally friendly elements in this case is hardening oil, heating oil, zinc-phosphate, lead and xylene. 

Optimize water consumption

To optimize water consumption in our operation and reduce the volume of wastewater generated, the total water consumption within our operations is to be 700 litres per ton of wire produced in 2030. 

Reduce the amount of waste

To reduce the amount of waste within our operations and managing it in alignment with the highest levels of the waste hierarchy. By 2030, we will achieve a distribution of, what is currently handled as waste*, per step in the waste hierarchy as below, compared to the baseline year of 2024.  

*The amount of scrap steel from processes is not included in the distribution. 

Waste handling Distribution 
Prevention > 8 % 
Preparing for re-use         > 15 % 
Recycling          > 60 %
Recovery         < 15 % 
Disposal         < 2 % 

Social 

 

Safety

No accidents in 2025. 

Employee satisfaction

To map employee satisfaction, gender equality, and other important factors to have a good working environment and be an attractive workplace. 

 

Governance 

 

Financial

50 percent of the turnover should come from conventional products for the automotive industry and 50 percent from new areas in 2028.