Sandvik AB

Common Name
Sandvik
Country
Sweden
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
41,400
Ticker
SAND
Exchange
NASDAQ STOCKHOLM AB
Description
Sandvik AB is a global engineering and manufacturing company specializing in advanced products and solutions for the mining, infrastructure, and metal-cutting industries. Established in 1862, Sandvik ...

Sandvik Energy Data Preview

In 2024, Sandvik disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Sandvik also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, Sandvik also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Sandvik also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Sandvik's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Energy Sold
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Sandvik's Energy Renewability

In 2024, Sandvik consumed a total of 4 million Gigajoules of energy across its operations. Of this total, 20% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 80% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

Sandvik's Energy Renewability Rate

20%

How much of Sandvik's energy consumed is renewable?

In 2024, Sandvik consumed a total of 4 million Gigajoules of energy, of which 20% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Sandvik has considerable room to improve its energy sustainability strategy.

Are Sandvik's energy practices becoming more sustainable?

Since 2024, Sandvik's total energy consumption increased by 3.25%, reflecting a recent rise in overall energy demand.

Over the same period, the share of renewable energy in Sandvik's consumption increased by 869.25%, showing a recent positive trend in clean energy adoption.

Sandvik's Renewable vs Non-renewable Energy Over Time

3.52 M1.52 M477.36 k3.52 MGigajoules (GJ)2023202420%94%80%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Sandvik's Energy Consumption & Production Mix

In 2024, Sandvik disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the Sandvik's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Sandvik's Energy Consumed by Sources and Technologies

Electricity(Unspecified Source)(60.6%)Natural Gas(17.2%)Diesel(8.1%)

What are the main sources and generation technologies behind Sandvik's energy consumption?

In 2024, Sandvik's total energy consumption was primarily sourced from

  • Electricity (Unspecified Source) (60.64%)
  • Natural Gas (17.19%)
  • Diesel (8.12%)

How diverse is Sandvik’s energy consumption mix?

In 2024, Sandvik consumed energy from 12 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.

What are the main sources or generation technologies used by Sandvik to produce energy?

In 2024, Sandvik's energy production came primarily from

  • Solar Energy (100%)

How diverse is Sandvik’s energy production mix?

In 2024, Sandvik produced energy using 1 different sources or generation technologies. The energy production mix is highly concentrated, with Solar Energy alone making up 100% of total output.

Sandvik's Energy Produced by Sources and Technologies

Solar Energy(100.0%)

Insights into Sandvik's Energy Inflows & Self-Sufficiency

In 2024, Sandvik reported total energy inflows of 2.65 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 2.61 million Gigajoules purchased from external suppliers and 40,000 Gigajoules generated through internal production. This corresponds to a production share of 1.51%, reflecting a 36.78% percentage point increase from the previous year (2023).

Sandvik's Energy Purchased vs Produced Over Time

202320240700 k1.4 M2.1 M2.8 MGigajoules (GJ)99%98%
  • Total Energy Produced
  • Total Energy Purchased
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