Use resources responsibly and efficiently
Climate
Climate change in focus
Epiroc plays an important role in the transition to a low-carbon society. About two-thirds of our revenues derive from service and aftermarket, which prolongs the life of our products. With mid-life upgrades and retrofit we also need fewer materials, which contributes to a more sustainable use of resources.
We continued to work with our climate-related targets to be in line with keeping global warming at a maximum of 1.5° C, consistent with the scientific assessments provided by International Panel for Climate Change (IPCC) and the goal of the Paris Climate Agreement.
In 2021, we performed a CO2e emissions value chain analysis, which concluded that 83% of our total CO2e emissions come from the use of our sold products. Carbon dioxide equivalent (CO2e) is a unit that standardizes the climate effects of various greenhouse gases.
In 2021 we received validation from the Science Based Target Initiative (SBTi) for our climate goals.
• Epiroc commits to reduce absolute Scope 1 and Scope 2 GHG emissions 50% by 2030 from a 2019 base year.
• Epiroc commits to reduce absolute Scope 3 GHG emissions from use of sold products by 50% over the same timeframe
For more information about our Science Based Targets, see press release
Circularity
We minimize our use of natural resources by moving towards a circular economy. We reduce our impact on biodiversity and ecosystems by minimizing water usage and pollution from products and our operations.
Product circularity
At Epiroc, we have a lifecycle approach that begins early in the design phase. Our products are designed for high durability, efficiency, life extension and environmental upgrade, recyclability, and easy disassembly to minimize use of natural resources and waste. Our amount of waste diverted from disposal has remained relatively high for several years.