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Environmental Responsibility

The world has many challenges in the environmental field.

Combating climate change and achieving the goal of the Paris Agreement is one of the greatest challenges of our time. As a leader in our industry, we need to take our responsibility and contribute by reducing our business’ climate impact. We do this, among other things, by making our production units more energy-efficient and reducing our CO2 emissions.

Based on the Group’s strategy linked to the 2030 Agenda, we have chosen to link our environmental work in general to UN Sustainable Development Goal 9 – Industry, Innovation and Infrastructure – and Goal 12 – Responsible Consumption and Production – and specifically to targets 9.4 and 12.5. The targets address how we as a Group can contribute to more sustainable industry through active emission and energy reduction efforts, as well as more sustainable production through more efficient use of resources and management of waste and recycling.

Balco has set as a long-term goal to be climate neutral in 2045. As the Group aims to grow both organically and through acquisitions, our goal is to reduce our Scope 1 and Scope 2 environmental impact per hour worked by 35% by 2025, compared with 2019. Both targets and outcomes are monitored and evaluated annually.

Measures & targets

Contributing to reduced emissions

Reduce Scope 1 and Scope 2 environmental impacts by 35% per hour worked by 2025, in relation to 2019.

Target fulfilment 2023 2022 2021
Scope 1 gram CO2e/worked hour difference compared to 2019 1,200 -20% 945 -37% 1,099 -26%
Scope 2 gram CO2e/arbetad timme
skillnad jämfört med 2019
509 -68% 1,101 -30% 1,176 -24%

Reducing the amount of waste

Of all the waste during the year, 70% must be recycable.

Target fulfilment 2023 2022 2021
Waste 2,382 4,146 2,451
Hazardous waste 77 90 88
Recycable 76% 77% 67%

Measured in tonnes

Read more about our focus areas