Steel production is energy-intensive, meaning the majority of our greenhouse gas (GHG) emissions are embedded in the steel wire rod we purchase. To manage our direct environmental footprint, securing fossil-free electricity is a key priority, which we currently achieve at several sites through market-based methods. Because all our activities, from raw material sourcing and daily operations to transport and business travel, contribute to GHG emissions, climate change is assessed as a highly material issue for us at a global level. In 2025, we performed the following actions to increase energy efficiency and/or reduce GHG emissions in Scope 1 and 2.
We have emissions to air and water from various parts of our processes. How much we can emit from the operations are generally regulated in each production facilities’ permit or in local legislation. There are also requirements on the regularity of measurements and where these should be performed. Emissions to air and water occur along the entire value chain. Steel production generally has the largest emissions. Our suppliers are generally regulated by permits and are covered by local legislation.
Our operations cause emissions as do our suppliers and customers. The production of raw materials and other inputs, as well as the use of end-products and waste handling also generate emissions. We are dedicated to reducing emissions from our operations to both air and water. To maintain stringent control over our emissions and ensure compliance with permitted levels, we continuously measure and monitor emissions at appropriate places and with appropriate frequency.