Sustainability Reports and Targets

Ovako has ambitious targets for a sustainable future. These targets are devided in the following categories: Environment, Employees, Health & Safety, Business Ethics and Suppliers. We disclose our progress on an annual basis in the Sustainability Report.       

Sustainability reports

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Environment

Climate

Further develop our world leading CO2e footprint ”cradle-to-gate”

  • Reduce CO2e carbon footprint 60 % by 2030 and 70 % by 2040
    ”cradle-to -gate” for hot-rolled bar with 2015 as base.
  • Reduce CO2e in operations 80 % by 2030 and 90 % by 2040
    scope 1 and 2, according to GHG protocol, with 2015 as base.

Provide leading steel products for CO2e savings in end-usage

  • Increased number of customer end-products that use our steel for greater CO2 savings.

 

 

Circular economy

Enhanced steel circularity driven by Ovako initiatives

  • Actively pursue projects to reduce or eliminate concerns related to increasing levels of copper in scrap.

Contribute to the circular economy 

  • Reuse or recycle at least 90 % of residual products from production.

Employees, health and safety

Safety
Zero accident and occupational illnesses workplace

  • Lost Time Injury Frequency Rate (LTIFR) below 2 by the end of 2023.

Diversity
The right competence at the right place with people that reflects the societies where we are located

  • 23 % women in total workforce and 25 % women in manager positions end of 2025.
  • Long term target of minimum 40 % women in total workforce and manager positions.

 

 

 

Business ethics

Anti-corruption
Zero confirmed incidents of corruption and bribes from external and internal sources 

  • Relevant employees must have knowledge of anti-corruption and bribery and must be trained through Ovako's internal training program.

 

 

Suppliers

Actively work with our suppliers to secure sustainability and climate  improvements

  • Ovako’s Code of Conduct included in all procurement agreements.
  • Classify and evaluate the suppliers with the highest impact with the aim to reduce the Co2e footprint from suppliers with 20 % to 2030.