Scania publishes Annual and Sustainability Report 2020
2020 was a year like no other. Though heavily impacted by disruptions due to the pandemic, Scania managed through with a strong underlying performance and an increased focus on driving the shift towards a sustainable transport system.
In 2020, Scania was challenged by a historic global close-down of production and an unpredictable demand situation because of the pandemic. Though considerably impacted by lower vehicle volumes, the negative effects on operating income were mitigated by powerful cost-saving measures.
Despite a challenging year, Scania stayed true to its purpose and took significant steps towards a sustainable transport system, in line with its strategy. As electrification and autonomous technology disrupts the industry, new business opportunities emerge. Scania’s President and CEO Henrik Henriksson says: “We are in a period of transformative change – a time when the industry will experience some of the greatest shifts in its history. We will reshape our business model in close cooperation with current and new customers to explore these opportunities and use them to drive growth.”
The 2020 edition of Scania’s Annual and Sustainability Report takes substantial steps in outlining the journey that Scania is taking towards a sustainable transport system. It is the company’s sixth combined annual- and sustainability report, detailing its financial, social and environmental performance. Scania recognises the importance of the Task Force on Climate-Related Financial Disclosures (TCFD) and has started the journey to integrate aspects of the framework and will continue to develop the company's reporting in accordance with its recommendations. Find the full report here »
For further information, please contact:
Susanna Berlin, Investor Relations and Strategic Communications Manager
Phone: +46 8 553 861 12
E-mail: susanna.berlin@scania.com
Karin Hallstan, Head of Corporate Communication & PR, Scania
Phone: +46 76 842 81 04
E-mail: karin.hallstan@scania.com
Scania is a world-leading provider of transport solutions. Together with our partners and customers we are driving the shift towards a sustainable transport system. In 2020, we delivered 66,900 trucks, 5,200 buses as well as 11,000 industrial and marine power systems to our customers. Net sales totalled to over SEK 125 billion, of which over 20 percent were services-related. Founded in 1891, Scania now operates in more than 100 countries and employs some 50,000 people. Research and development are mainly concentrated in Sweden. Production takes place in Europe and Latin America with regional product centres in Africa, Asia and Eurasia. Scania is part of TRATON GROUP. For more information visit: www.scania.com.
