Höganäs publishes 2023 Sustainability Report

Höganäs’ Sustainability Report for 2023 covers the progress made by the company as well as ongoing challenges and achievements particularly in addressing climate change.

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Sustainability highlights from 2023 include zero emissions from purchased energy due to 100% fossil-free electricity, increased production of its own renewable energy and electricity with guarantees of origin; being the first metal powder supplier to have its net-zero targets validated by the Science Based Targets Initiative; seeing a 46% decrease in its total carbon dioxide emissions (scope 1 and 2) since 2018; and putting 79% of the company’s process residuals were put to use.

“Our end customers in the automotive industry are setting ambitious scope 1, 2 and 3 emission targets and so are we. We aim to lead the industry in reducing the climate impact of metal components to further improve the competitiveness of Höganäs’ metal powders,” says Henrik Ager, Höganäs Group president and CEO.

Höganäs is methodically working towards achieving net-zero in its own operations by 2030 and throughout its value chain by 2037.

“I am particularly proud that we have reduced our scope 1 and 2 carbon dioxide emissions by 46 percent since 2018,” says Catharina Nordeman, Vice President Group Sustainability at Höganäs.

“It is encouraging to see the positive effect of all mitigating activities done so far. In 2023, we also achieved our goal of purchasing only fossil fuel-free or renewable electricity for all our facilities around the world.”

Höganäs believes that zero-emission products like electric vehicles, are compromised if they are made using materials from highly emitting processes.

“That is why we are developing new products for applications that support the climate transition, such as electrical vehicles, as well as following our climate roadmap that will take us to net-zero in our own operations by 2030 and in our value-chain by 2037,” says Nordeman.