SustainabilityReport 2023 high - Flipbook - Page 16
3.2.
Focus area 1: Net zero emissions
Our environmental impact is, apart from the positive impact on excavator
e昀케ciency with following lower fuel consumption, mainly related to the
usage of energy and raw material in producing our products as well as
transporting them to the next step in the value chain. Furthermore, as
we re昀椀ne our products inhouse through machining, welding, painting,
assembly, test and transportation to our customers, various consumables
are used which generate waste. Finally, our o昀케ce personnel as well as
昀椀eld sales representatives and service personnel have an environmental
impact through travel and o昀케ce waste.
Developing products and implementing processes that utilize renewable
and sustainable materials while also ensuring their freedom from harmful
substances are two areas that fall within our own control. These areas
have the potential for negative environmental impact and are of signi昀椀cant
importance to our stakeholders.
Terratech has, as mentioned previously, joined the SBTi with the goal
to reduce greenhouse gas emissions from our business, including for
example production processes, transportation, and usage of a Terratech
product within the excavation industry, to net zero emissions before the
year 2040.
ON OUR WAY TO NET ZERO EMISSIONS
Terratech has always focused on reducing emissions and has continuously
made improvements in this area. With our group ESG structure, we hope
to get greater speed and even better results in our e昀昀orts to reduce our
environmental impact. So far focus has been on SBTI Scope 1 and 2 but a
pilot project is now running in Steelwrist with the goal of also implementing
Scope 3 data in our ERP system. If this works out as planned this will be
implemented in all Terratech companies with the goal of being able to
determine carbon footprint on part number level.
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