Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Action
• Industry, Innovation & Infrastructure
• Responsible Consumption & Production
• Good Health & Well-being
• Decent Work & Economic Growth
• Reduced Inequalities

Environmental Achievements

• Reduced fossil CO2 emissions by 60% since 1990
• Reduced fossil CO2 emissions by 38% per tonne of steel produced compared to 2020
• Reduced fossil CO2 emissions by 7,500 tonnes in 2023
• Replaced up to 50% of annual LNG volume with fossil-free LBG in 2023
• 100% of Uddeholm’s electricity is fossil-free
• +80% of Uddeholm’s energy is now fossil-free
• 100% of Uddeholm’s cooling water is returned to the natural ecocycle
• Average percentage of recycled materials for Uddeholm products is 91.9%

Social Achievements

• 95% attendance percentage
• 24.4% female managers
• LTIFR reduced to 2.3 in 2023/24 from 10.2 in 2018/19
• Strong collaboration with local community (Uddeholm Arena sponsorship, residents' meetings, emergency services collaboration)
• Wellness presence – focus on physical and mental health

Governance Achievements

• 100% Code of Conduct and Compliance Training
• Active procedures related to Compliance and Code of Conduct, including a whistleblower system
• 317 global patents
• 507 active brands worldwide
• Reduced trademark infringements

Climate Goals & Targets

Environmental Challenges

• Securing future energy supply
• Repurchasing scrapped tools for recycling
• Challenges regarding the extraction of minerals (conflict minerals)

Mitigation Strategies

• Working on several options for future energy supply: electricity, natural gas, biogas, and other fossil-free gases
• Working with customers and external scrap operators to increase recycled scrap proportion
• Following guidelines and working to improve industry practices regarding conflict minerals
• Implementing power regulation to shut down electricity-intensive processes during high prices or grid shortfalls

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Close monitoring of raw materials and general purchases
• Ongoing dialogue and cooperation with suppliers
• Challenging targets and activities to reduce Scope 3 emissions
• Verification of supplier information and data
• Sustainable procurement practices regarding conflict minerals

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Energy supply disruptions
• Regulatory changes

Opportunities

• Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: UN Sustainable Development Goals, Paris Agreement, Green Deal, EU ETS

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: Third-party audits (Swedish authorities, ISO certifications)

UN Sustainable Development Goals

• SDG 13 (Climate Action)
• SDG 9 (Industry, Innovation & Infrastructure)
• SDG 12 (Responsible Consumption & Production)
• SDG 3 (Good Health & Well-being)
• SDG 8 (Decent Work & Economic Growth)
• SDG 10 (Reduced Inequalities)

Uddeholm's initiatives contribute to these goals through fossil-free production, circular economy practices, employee well-being programs, and community engagement.

Sustainable Products & Innovation

• Fossil-free tool steel

Awards & Recognition

• Not disclosed