Environmental responsibility Front pageAbout usSustainabilityEnvironmental responsibility Environmental responsibilityKey themes of environmental responsibility are: reducing greenhouse gas emissions throughout the whole value chain based on the Science Based Targets initiative (SBTi) energy consumption and efficiency circular economy and waste management Enabling energy transition is a key part of our strategy. Our target is to reduce our greenhouse gas emissions and increase our carbon handprint. We are committed to reducing our carbon footprint During the year 2024, we improved our emissions calculations and prepared for a more precise definition of our climate targets in 2025. For the first time, we calculated the greenhouse gas emissions of our entire value chain and completed the emissions calculation for our target baseline of 2023. The calculation includes emissions from our own operations, from our partners, from the goods and services we buy, and from our products and services we supply to our customers during their lifetime. The emissions calculation increases our understanding of what are our greatest sources of emissions so that we can set reduction targets for future years. In 2024, we continued our discussions with stakeholders to accelerate the green transition in steel production and launched a green steel pilot. The pilot is an example of how we can increase our carbon handprint by offering our customers solutions that reduce their emissions. During the year, we outlined that all our new electricity and heating contracts will be emission-free or renewable energy. We renewed the electricity and heating agreements of the Marine and Offshore Unit to be emission-free. In 2024, 92% of our electricity and 86% of our heating was either renewable or emission-free. Emissions from our own operations were reduced by 33% compared to 2023.
