Environmental aspects have always been a fundamental part of Ovako’s business. Ovako has reduced carbon emissions with 57 % since 2015 (based on Calender Year) through efficient processes, the use of fossil-free electricity and dedicated investments such as conversions to fossil-free fuels for heat treatment resulting in a carbon footprint 80 % lower than the global average. Ovako’s goal is to achieve zero-carbon emission steel. Already from 2022, Ovako will provide products based solely on carbon-neutral steel production by counterbalance the remaining carbon emissions through carbon offsets.


Ovako differentiates itself in the market by using only steel scrap as input material instead of iron ore. Since steel can be recycled an infinite number of times without its properties deteriorating, Ovako can manufacture steel with a lower climate impact without compromising the quality of the steel.


We have chosen to divide our environmental efforts in the following areas Climate, Efficient Processes, Climate-Smart Products, Recyclability & Recycled Content and Use of Chemical Substances.

Read about our Sustainability Targets and our path to Carbon Neutrality.

 

ENVIRONMENT

Carbon Neutrality

Over the years, strong investments in R&D, innovative thinking and a close collaboration with our customers have allowed us to continuously reinvent and upgrade our offering many times over. Always improving, our aim remains constant – to boost productivity, ensure safety, and secure sustainable processes that drive growth.

ENVIRONMENT

Climate

Ovako is the steel industry leader in minimization of carbon emissions, taking the entire supply chain into account. Our carbon footprint cradle to gate for a hot rolled bar is 80 % lower than the global average.

ENVIRONMENT

Efficient Processes

Ovako’s production is based on steel scrap, making Ovako the biggest scrap recycler in the Nordics. Since steel can be recycled an infinite number of times without its properties deteriorating, Ovako can manufacture steel with a lower climate impact without compromising the quality.

ENVIRONMENT

Climate-Smart Products

The demand for climate-smart products continues to increase. Ovako’s products give customers unique opportunities that provide better performance, lower production costs and improved climate profiles.

ENVIRONMENT

Recyclability and Recycled Content

Ovako steel products can be 100 % recycled, which means it can be re-melted to produce material of the same quality an infinite amount of times.

ENVIRONMENT

Use of Chemical Substances

Ovako has a proactive process for reviewing and assessing chemicals, and the main objective is that the use of chemicals in the production will not harm the environment or the health and safety of our employees and other persons as well as be in compliance with applicable European and national chemical legislation.

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Ovako Sustainability Report 2021
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Related reading

Sustainability

Social

Ovako strives to create attractive workplaces and to contribute to a society that is sustainable. The company has an open and strong culture with a pride in the business and our employees.

Sustainability

Sustainable Development Goals

Ovako supports the UN’s global Sustainable Development Goals. Read about a selection of the company’s activities that in various ways contributes to achieving the goals.

Sustainability

Governance and Monitoring

Ovako’s operations is driven by frameworks and policies.