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Sandvik AB
Sandvik's GHG Emissions Data Preview
In 2024, Sandvik completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Sandvik has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Sandvik’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Sandvik’s data sources below and access millions more through our Disclosure Search.
Insights into Sandvik's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSandvik amounted to286,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Sandvikincreased by 7.92%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Sandvik's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Sandvik's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Sandvik were 81,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Sandvik reduced its Scope 1 emissions over time?
Since 2019, Sandvik's Scope 1 emissions have decreased by 8.35%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Sandvik's Scope 1 emissions increased by 1.25%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Sandvik's Scope 2 emissions?
In 2024, Sandvik reported Scope 2 greenhouse gas (GHG) emissions of 67,000 tCOâ‚‚e using the market-based method and 205,000 tCOâ‚‚e using the location-based method.a
Has Sandvik reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Sandvik's Scope 2 emissions(Location-Based) rose by 10.81% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Sandvik use for Scope 2 reporting?
In 2024, Sandvik reported its Scope 2 emissions using the market-based method and using the location-based method.a
Sandvik's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Sandvik's Value Chain Emissions
In 2024, Sandvik reported 8,157,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Sandvik includes a breakdown across 15of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Sandvik's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Sandvik's Scope 3 emissions?
In 2024, Sandvik reported total Scope 3 emissions of 8,157,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 34.88%of these emissions originated from upstream activities such as purchased goods and capital goods, while 65.12%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Sandvik reduced its Scope 3 emissions over time?
Since 2019, Sandvik's Scope 3 emissionshave remained relatively stable, indicating that Sandvik's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Sandvik disclose?
In 2024, Sandvik reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Sandvik's Scope 3 emissions?
In 2024, the largest contributors to Sandvik's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 5,300,000 tCOâ‚‚e(64.97%)
- Purchased Goods and Services (Cat. 1): 2,200,000 tCOâ‚‚e(26.97%)
- Upstream Transportation and Distribution (Cat. 4): 383,000 tCOâ‚‚e(4.7%)
Sandvik's Scope 3 Emissions by Categories
Insights into Sandvik’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Sandvik reported Scope 1 greenhouse gas (GHG) emissions of 81,000 tCOâ‚‚e and total revenues of USD 11,150 millions. This translates into an emissions intensity of 7.26 tCOâ‚‚e per millions USD.a
Sandvik's Scope 1 Emissions Intensity Compared to Peers
How does Sandvik's GHG emissions intensity compare to its peers?
In 2024, Sandvik reported a Scope 1 emissions intensity of 7.26 tCOâ‚‚e per millions USD. Compared to the peer group median of 5.69, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Sandvik rank on GHG emissions intensity within its industry?
In 2024, Sandvik ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Sandvik is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Sandvik's Total Carbon Footprint
In 2024, Sandvik reported a total carbon footprint of 8,443,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3,086.04% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Sandvik's total carbon footprint was Scope 3 emissions, accounting for 96.61% of the company's total carbon footprint, followed by Scope 2 emissions at 2.43%.a