These declarations are based on a life cycle analysis of hot-rolled bar from the cradle to the gate. They take account of all the recycled scrap and alloying elements, transport, energy and waste products in the production process, and include all yield losses to final product.
As an early adopter of sustainability initiatives in the specialty steel world, Ovako first published climate declarations in 2017 that describe the company’s carbon footprint. The new environmental declarations evaluate and present six different environmental aspects. Ovako can also offer this information to customers for each specific product purchase, based on alloy variants and further processing.
“The carbon footprint of our hot-rolled products is 80 percent lower than the global average. Our customers can use our steel to improve their environmental footprint and the climate profiles of their end customers, and thereby gain a competitive edge. We have a lot of customer enquiries about our carbon footprint and we believe interest will grow further,” says Katarina Kangert, Ovako’s Head of Sustainability and Safety.
The international EPD® system is a global program for Environmental Product Declarations that presents independently audited life-cycle environmental impacts of products. Ovako’s EPDs can be found at: ovako.com/en/about-ovako/sustainability/environment/
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About Ovako
Ovako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally-friendly products.
Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and pre-components. Ovako has around 2,800 employees in more than 30 countries and sales of approximately EUR 900 million. Ovako is a subsidiary of Sanyo Special Steel and a member of Nippon Steel Corporation group, the third-largest steel producer in the world with more than 100,000 employees globally and a revenue of approximately EUR 50 billion. For more information, please visit us at www.ovako.com, www.sanyo-steel.co.jp and www.nipponsteel.com.