Alfa Laval: Investing in Net Zero and Continued Growth
Achieving net-zero emissions in Scope 1 and 2 is a vital step for businesses in fulfilling their corporate social responsibility, responding to evolving market demands, managing risks and ensuring their long-term viability.
Several drivers are making this a priority for businesses not only morally, but if businesses are to stay operational they need to continue to maintain regulatory compliance, meet investor and consumer expectations, manage costs and manage risk.
Following several years of organic and inorganic growth, as well as significant investments to expand production capacity and develop innovative solutions, Alfa Laval has presented plans to secure further growth through technology and footprint investments.
We have seen strong growth across our three divisions and during the past years taken action to expand production capacity in all major geographies. The growing demand emerging from the global energy transition will continue to drive our growth towards 2030. Based on current market trends, we expect to reach 100 BSEK no later than 2030
Accelerating towards net zero
As part of its strategic priorities, Alfa Laval has made significant investments in implementing robust and ambitious plans to address achieving net zero targets fro Scope 1 and 2.
The Swedish water and waste company’s core plan is to increase energy efficiency and replace fossil fuels with renewable energy in processes across divisions and global locations.
“In recent years we have proven that the actions and plans we set in motion to reach our Scope 1 and 2 net zero targets in our operations enable us to deliver on our targets faster than expected," says Emma Adlerton, Executive Vice President of group Affairs at Alfa Laval.
"Today we are happy to announce that we will further increase our efforts and speed up our investment plans, enabling Alfa Laval to reach net zero for Scope 1 and 2 in 2027.
"We are determined to lead the way and be a frontrunner in showing what is possible going towards net zero."
Validated by Science-Based Targets, Alfa Laval set climate targets to reach net zero for Scope 1 and 2 by 2030, and a 50 and reduction in Scope 3.
However, recent announcements made by Alfa Laval note the company’s commitment to effectively reach its Scope 1 and 2 net zero targets by 2027, three years ahead of the originally announced target year.
As demand rises for sustainable energy, clean water, food and decarbonised marine transportation, Alfa Laval continues to develop its offering by evolving and expanding its existing technologies and applications, as well as exploring emerging technologies.
Alfa Laval’s growth strategy is deeply rooted and devoted to supporting the global sustainable transformation.
Pioneering positive impact
Recognising that the world has finite natural resources, Alfa Laval is pioneering innovative technologies and solutions to help customers unlock the full potential of these resources.
Uniquely positioned to play an essential role in enhancing the efficient use of energy, food, water and other critical resources, Alfa Laval is dedicated to contributing to a more sustainable and decarbonised world.
Alfa Laval's sustainability targets:
- 30% recycled material content in products by 2030
- Zero waste to landfill by 2030
- 100% recirculation of water at sites located in water-stressed areas by 2030
- 25% female managers and 35% female employees by 2025
Alfa Laval established its sustainability strategy in 2021 and remains highly relevant and continues to guide its activities. Structured around four central themes – climate, circularity, caring and committed – the strategy sets the agenda and indicates key priorities for the business to focus on until 2030.
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