For over 100 years, Alleima has reused steel scrap in its production. To use electric arc furnaces is today given and there is a strong focus on reducing the carbon footprint through the whole organization. As a natural step, Alleima now starts analyzing its products' carbon footprint, from raw material to released product. First, Alleima will release LCA data for its rock drill steel products, supporting the sustainable shift in the mining industry.
Climate change is an existential threat to the world. As rising carbon dioxide (CO2) emissions are at the heart of this threat, EU is committed to have a climate-neutral society by 2050, and to reduce greenhouse gas emissions with 55% by 2030, compared to 1990. One of the keyways in which industries and individual businesses can support these climate goals is to reduce the levels of carbon they emit.
Therefore, Alleima is implementing Life Cycle Assessment (LCA) that has become an increasingly important methodology in modern industry to quantify environmental impact and identify hotspots in a product’s life cycle. LCA will measure and calculate the carbon footprint of both materials and products. With third party verified LCA data, Alleima will support their customers to reduce their own environmental footprint, with providing accurate data.
“Alleima strives to be transparent and report their LCA results and sustainability efforts to strengthen trust among customers and stakeholders. The collaboration with customers and implementation of sustainable solutions will contribute to make greener choices for the industry.
It will also ensure that the company can remain competitive and meet customer demands.
Sustainability is of crucial importance for the society around us as well as for our customers and LCA will be important for businesses in the future”, says Nicole Holmgren, LCA Specialist at Alleima.
One key advantage of LCA is that it pinpoints areas within a product’s lifecycle with the most significant environmental impact. With this information, Alleima can specifically target areas for improvement, and by that effectively reduce the product’s carbon footprint. It is also possible to optimize the utilization of resources, such as switching to materials with lower carbon footprints. Customers will be provided with third-party verified and precise data, which supports them on their own journeys to reduce environmental footprints.
To start with, Alleima will release LCA data for its rock drill steel products, supporting the sustainable shift in the mining industry. The next step involves expanding this approach across the entire production chain, verifying downstream products in the production flow. Each product will have a third-party verified carbon footprint added to the material certificate – like the information currently provided on recycled materials.
Alleima has reduced carbon emissions significantly through efficient processes, the use of fossil-free electricity and dedicated investments such as conversions to fossil-free fuels for heat treatment. Alleima is already a signatory to several international principles and initiatives, including the United Nations sustainable development goals and the United Nations Global Compact. The principles form the basis of the company's code of conduct and the code of conduct for suppliers.
In December 2022, Alleima decided to commit to set science-based net-zero targets, consistent with the Paris Agreement. By committing to SBTi, Alleima is expanding the scope to its entire value chain and sets long-term net-zero targets.
Sandviken, September 27, 2023
Alleima AB (publ)
Contact details
Yvonne Edenholm, Press and Media Relations Manager
yvonne.edenholm@alleima.com
Phone: +46 (0) 72 145 23 42
About Alleima
Alleima AB, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 18.4 billion in 2022, has approximately 5,900 employees and customers in approximately 90 countries. Alleima was listed on Nasdaq Stockholm on August 31, 2022 under the ticker ‘ALLEI’. Learn more at www.alleima.com