Sustainability has long been an important key factor for Uddeholm. We strive for a world leading production standard that allows us to thrive together with our customers, colleagues and the environment. Years of research and development have put us at the forefront of sustainable tool steel production. Despite various challenges, it is now time for the next step. In the middle of december 2021 we ran a week long trial of producing climate neutral tool steel to show that the impossible is possible. Not tomorrow, but today.
Sustainability is not a new concept to us. We have reduced our CO2 emissions by 46% since 1990. As of today we always use 100% fossil-free energy sources and our products are already made of 85-90% recycled material.
During the Climate Neutral week we replaced LNG (Liquefied Natural Gas) with fossil-free LBG (Liquefied Bio Gas). Also, all internal transportation ran on fossil-free electricity or 100% share of HVO100. These measures led to a significant reduction of up to 90% of our CO2 emissions.
The remaining 10% consist of carbon in scrap metal and graphite electrodes. As of today there are no fossil-free replacements. We compensated for these 10% with Gold Standard certificates in accordance with the UN sustainability goals.