We provide safe and productive, low-carbon solutions that reduce the environmental footprint and meet customer demands for safe and sustainable solutions.
Through innovation – particularly within automation, digitalization and electrification - we are achieving measurable environmental and safety gains. We work in close collaboration with our customers and other stakeholders to develop sustainable solutions. In the shift to a new, low-carbon economy where electrification, circularity, and development of new technologies, will play an important role, our products and services will be a key contributor for our customers. Batteries as a Service, battery conversion and remanufacturing of products and parts for a second life are examples of this.
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.
During 2021, 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.
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.
During the year, we did not only commit but also got validation from the Science Based Target Initiative (SBTi). The validated goals are well beyond SBTi’s minimum requirements and also industry leading.
• 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