Lesjöfors Group becomes first spring manufacturer to be validated by SBTi
In a first for the spring manufacturing industry, the Lesjӧfors Group’s near-term climate emission reduction targets have officially been validated by the Science Based Target initiative (SBTi).
Major Milestone Achieved
The validation by the SBTi (the official body for setting climate targets) establishes the Lesjӧfors Group as the only spring and pressing manufacturer in the world to achieve the validation, confirming the Lesjӧfors Group’s commitment to achieving the Paris agreement goals of limiting global warming to 1.5 ̊C above pre-industrial levels.
Lesjӧfors Ambitious Reduction Targets
Lesjöfors has committed to reduce its absolute scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year.
In addition, Lesjöfors has set a target to reduce emissions in its value chain, focusing on the carbon impact of raw material used in its products and transport. This includes a commitment to reduce scope 3 GHG emissions from 52% per SEK value added by 2030 from a 2022 base year.
Ola Tengroth, CEO of the Lesjӧfors Group says: “It’s our responsibility to lead with purpose and action. We have worked incredibly hard to achieve sustainable change across our organization and our emission reduction roadmap to 2030 ensures our responsibility and accountability.
The SBTi validation underscores the credibility of our action plan, delivers great pride amongst our 2800 employees, and delivers a framework that drives our ongoing dedication.”
Collaborative Partnerships
With more than 70% of CO2 emissions generated through raw material via metal component manufacturing, Lesjӧfors’ climate reduction roadmap towards 2030 includes increasing the share of recycled metals and lowering the carbon footprint of the raw material used, as well as sector development in the transport and steel industry.
Investments in energy efficiency and renewable energy across Lesjӧfors’ 50+ manufacturing and sales sites have crucially already reduced emissions.
“Our aim to significantly lower CO2 emissions by 2030 is not just achievable – it’s imperative. By gathering CO2 data from our value chain and making decisions based on facts, we ensure that our journey towards our goal is both strategic and effective. Driven by strategic partnerships and shared commitments across our value chain, we stand united with our partners in driving transformative change and a sustainable future,” says Jonas Olofsson, CPO of the Lesjöfors Group.
Innovation with sustainability in mind
Lesjöfors is also working to enhance its product development process, engaging with customers and suppliers to increase the share of recycled metals, developing lower carbon footprint metals across its product line.
Anna Haesert, Head of Sustainability, concludes: “Embracing science-based sustainability targets is imperative for guiding businesses toward a future of economic resilience and environmental stewardship. Lesjӧfors is committed to driving meaningful change and we’re working with suppliers and customers to secure more sustainable options across our wide-ranging product lines.
By directing operations towards lower climate impact options across our whole value chain, not only is our competitiveness strengthened, but it also supports our customer’s efforts to become more sustainable too. We are proud to be taking the lead in our industry.”
Further information on the Lesjӧfors Group’s sustainability action plan is available here https://www.lesjoforsab.com/sustainability/
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*The target boundary includes land-related emissions and removals from bioenergy feedstocks.
Anna Haesert
Head of Sustainability
+46701909439
anna.haesert@lesjoforsab.com
Notes to editors:
The Lesjöfors Group are world-leaders in spring and pressing manufacture. One of the largest spring corporations in the world, established in 1675 with spring manufacture commencing in 1852, the group’s product portfolio includes springs, gas springs, metal belts and pressings across an extensive range of wire sizes.
Committed to manufacturing excellence, reliability and customer service, their global spring manufacturing and technological development network, is dedicated to world-leading products.
With over 60 locations, Lesjӧfors provides a competitive environment dedicated to quality, accuracy and customer satisfaction, delivering impact to every industry. Customers rely on their quality components and network, problem-solving agility, purchasing power and flexibility to extend their capabilities, guaranteeing the Lesjöfors Group as the trusted, premium partner for springs and pressings.
The Lesjöfors Group is owned by Beijer Alma a listed company on the Stockholm Stock Exchange.
www.lesjoforsab.com www.beijeralma.com
The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. www.sciencebasedtargets.org
