CO2e emissions

Focus on energy optimization

Historically, we have continuously focused on energy optimization from a general environmental impact and cost reduction perspective. We recognize the climate change agenda and the need for the industry to work towards carbon neutrality. That is why we in 2020 embarked on the process of mapping our direct and indirect greenhouse gas emissions (GHG) for scope 1 and 2 in accordance with the Greenhouse Gas Protocol. CO2-equivalents are reported at two levels: Emissions from our own operations (scope 1) and emissions from purchased energy (scope 2).

In 2020, our total GHG emissions (location-based method for electricity) amounted to 2,464 tons of CO2 equivalents. The reduction trend year by year is driven by continuous reduction in the electricity emission factor and energy saving projects in our manufacturing facility. The yearly production volume affects the energy efficiency per ton as the process is more energy efficient at a high equipment utilization rate.

What’s next: Our approach and programmes

• We recognize that our environmental impact extends beyond the boundaries of our direct operational control, and we are in the process of mapping our scope 3 emissions (upstream)
• To reduce scope 1 emissions, we are working to convert our oil burner system used to preheat casting lines to a better controlled and more energy efficient natural gas fired burner system. This project will not only reduce our CO2-emissions, but it will also improve the working conditions in our foundry facilities
• Minimizing our emissions by improving operational efficiencies and approaches to reduce our resource consumption and generated waste
• Sharing our knowledge of carbon management and sustainable business practices in general across our networks to accelerate best practice