Global Fastener News

Nord-Lock Group, a global provider of bolted solutions, has joined The Science Based Targets initiative (SBTi) to reduce greenhouse gas emissions to levels in line with the UN Paris Agreement.

Analyzing carbon emissions
The first step in setting any target and getting there is knowing where you start from, and the SBTi is no exception. With the support of external consultants and tireless contributions from almost seventy coworkers within 10 business functions, Nord-Lock Group has mapped carbon emissions related to each of its four technology brands.

From upstream activities relating to direct emissions from production to downstream activities, meaning indirect emissions from sources outside immediate control, the omissions of greenhouse gases have been scrutinized through a meticulous collection of data. This work has provided a detailed picture of the current situation, called the baseline.

Over the next two years, Nord-Lock will develop company-specific targets to be approved by the SBTi.

“The challenges we face when it comes to sustainability call for action, today. So, although we have time at our disposal to set targets and have them approved by the SBTi, we have several actions and initiatives that will go into effect immediately” says Fredrik Meuller CEO at Nord-Lock Group.

Reducing distributor-related emissions
Nord-Lock is using what they have learned from establishing the baseline to reduce the environmental impact by targeting carbon emissions in Scope 3, which consists of indirect emissions from sources the group does not own or control.

Specifically, in this first step, Nord-Lock Group is looking into how involvement with the production and distribution of steel in Scope 3 contributes to the overall greenhouse gas emissions profile.

“Even before we joined the SBTi, we had committed to reducing our carbon emissions by 20% in 2030 in the value chain. So, the fact that we now have a clearer, more detailed picture of how to get there from developing the baseline puts us in a better position to focus our actions and achieving substantial results,” said Christina Hansson, chief sustainability officer at Nord-Lock Group.

For example, Nord-Lock has invited suppliers of steel materials to review the current state of operations and evaluate how to reduce greenhouse gas emissions.

Nord-Lock puts a lot of effort into maintaining an ambitious sustainability agenda that permeates global operations on a daily basis. Being part of the SBTi is a given, natural development in the overarching approach to sustainability, tying into several processes previously set in motion. Web: sciencebasedtargets.org