Alleima joins the Science Based Targets initiative

Alleima commits to set science-based net-zero targets, consistent with the Paris Agreement. This is a natural step for Alleima, as sustainability is an integrated part of its operations and customer offering. “It is important for us that an external part can confirm our ambitious goals and we want to highlight the importance of sustainability across our operations,” says Göran Björkman, President and CEO of Alleima.

Alleima is already a signatory to several international principles and initiatives, including the United Nations global goals for sustainable development and the United Nations Global Compact. The principles form the basis of the company's code of conduct and the code of conduct for suppliers.

“Sustainability is an integrated part of our strategy, it is part of our DNA, and of crucial importance for the society around us as well as for our customers. Our advanced materials are produced with a low carbon footprint and enable our customers to be more sustainable. The Science Based Targets initiative (SBTi) will add credibility, clarify our ambition for our customers, and enable us to actively work with our supply chain to address their carbon footprint”, says Göran Björkman.

Alleima’s current climate and circularity targets:

• Net-zero latest by 2050
• Reduce Scope 1 and 2 CO2 -emissions by more than 50% by 2030 (compared to 2019)
• 83% recycled steel in finished products by 2030 (compared to 2019)

By committing to SBTi, Alleima is expanding the scope to its entire value chain and sets long-term net-zero targets. Alleima will develop a target proposal that will undergo a technical validation by the SBTi, before they can be publicly launched. The maximum period allowed between commitment and approved target is 24 months.
 

Science Based Targets initiative (SBTi) is a partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi drives ambitious climate action in the private sector by enabling companies to set science-based greenhouse gas emissions reduction targets. For more information about the SBTi, please visit https://sciencebasedtargets.org/. 

Sandviken, December 15, 2022  

Alleima AB (publ)

Contact Details
Yvonne Edenholm, Press and Media Relations Manager, Alleima
yvonne.edenholm@alleima.com
Phone: +46 (0) 72 145 23 42

Emelie Alm, Head of Investor Relations, Alleima
emelie.alm@alleima.com
Phone: +46 (0) 79 060 87 17

About Alleima
Alleima AB, formerly Sandvik Materials Technology, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industry, precision strip steel for white goods compressor, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 13.8 billion in 2021, has more than 5,500 employees and customers in approximately 90 countries. Alleima was listed on Nasdaq Stockholm on August 31, 2022, under the ticker ‘ALLEI’. Learn more at alleima.com