Addtech supports global initiatives

Addtech supports the UN's Agenda 2030 and the global goals are part of our evaluation of the positive as well as negative impact on sustainable development. Our companies contribute positively to the development of the global goals by delivering technical solutions and products that are important for the transition towards more sustainable societies and industry.

 

The global goals where we have the greatest positive impact are:

Ensure access to affordable, reliable, sustainable and modern energy for all.

Our companies are important players in the expansion and upgrade of national electricity grids, and in the optimisation of, and solutions for, the efficient generation of renewable energy.

Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation.

Our companies are active in many different segments in industry and infrastructure – for example, we deliver efficient solutions to the process industry, as well as equipment for the railway.

Ensure healthy lives and promote well-being for all at all ages.

Our companies are active in several areas that support this goal. For example, we supply equipment to hospitals and other medical facilities, as well as offering efficient exhaust gas purification solutions for industry and ships.

 

The global goals where we have the greatest negative impact are:

Take urgent action to combat climate change and its impacts.

Our negative impact derives primarily from our greenhouse gas emissions. The clear majority of greenhouse gas emissions derive from freight transport (Scope 3).

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Our negative impact comes mainly from risks in global value chains. We work for good working conditions and responsible production in our supply chain.

Addtech supports Global Compact

Addtech is a member of the UN Global Compact initiative. The aim of the initiative is to get companies to take responsibility for the ten principles in areas such as human rights, working conditions, the environment and anti-corruption

Science Based Targets

Addtech has for several years worked with integrating climate reducing activities that supports our 2030 targets. Beginning of May 2024 our climate targets were approved in accordance with the Science Based Targets initiative.

Our targets

Overall Net-Zero Target
Addtech commits to reach net-zero greenhouse gas emissions across the value chain by 2050.

Near-Term Targets
Addtech commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from 2022 base year. Addtech also commits that 30% of its suppliers by spend covering purchased goods and services will have science-based targets by 2028. Addtech further commits that 10% of its customers by revenue covering use of sold products will have science-based targets by 2028.

Long-Term Targets
Addtech commits to reduce absolute scope 1 and 2 GHG emissions 95% by 2050 from a 2022 base year. Addtech AB also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.

Addtech is certified as Nasdaq ESG Transparency Partner

Addtech is certified as a Nasdaq ESG Transparency Partner. The certification is given to companies that demonstrate a high degree of transparency towards the market in their reporting of sustainability areas (ESG).

Sustainability focus areas and goals

Our 2030 sustainability goals in three focus areas clearly demonstrate our ambition.



FOCUS AREAS AND GOALS
Sustainability for Addtech

We seek to participate in and contribute to the development of a more sustainable society. Our work includes taking responsibility in three fundamental areas of sustainability. Environmental, social and financial responsibility.

SUSTAINABILITY FOR ADDTECH
Leading sustainable technical solutions

Addtech is to be a leader in value-generating technical solutions for a sustainable tomorrow. We are to be perceived as the most skilled, durable and sustainable partner by our customers, suppliers and employees alike.

OUR BUSINESS