Sustainability is part of our DNA at Ovako. It is integrated into everything we do, and we are working actively to further minimize our impact. Our steel production is based on recycled steel scrap and Nordic fossil-free electricity, and Ovako already has a world-leading low carbon footprint – 80% lower than the global average. Most of our residual products are reused, and are applied in areas such as building resilient roads. Through continuous improvements to our production process, Ovako’s environmental impact is being constantly reduced and we are always striving to cut the emissions from our product manufacturing. We are well on our way, but we never stop trying to be even better.
“Sustainability is an integral part of our business, and our solid efforts are paying off. In 2019, we hit our target to reduce CO2 emissions by 30 %. But we are not satisfied yet, and we are continuing on our journey together with our customers, for a sustainable future with clean steel,” says Katarina Hundermark, Head of Sustainability and Safety at Ovako.
During the year, we will talk about the work we are doing to contribute to a more sustainable steel industry based on the UN Sustainable Development Goals. Ovako supports the UN’s Global Sustainable Development Goals and has identified the areas where we can contribute – and we will talk more about how we achieve this during 2020. We will hear from some of our colleagues who work actively on these topics about what we are doing in each area, and we will hear their views on sustainability. We hope you will join us.
You can read more about Ovako’s sustainability initiatives here.
- - -
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 3,000 employees in more than 30 countries and sales of approximately EUR 1000 million. Since June 2018, Ovako is a subsidiary within the Japanese 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 52 billion. For more information, please visit us at www.ovako.com and www.nipponsteel.com.