Ratos company Diab reduces carbon footprint by 46%
In 2016, Diab set out on a journey to reduce its carbon footprint as part of its commitment to meeting the global reduction goals. In 2018, Diab’s targets were approved by the Science Based Targets initiative (SBTi), making it the first company in the industry for high-tech sandwich composite solutions to do so. Diab successfully reduced its carbon footprint by 46% between 2016 and 2021 and is continuing its efforts to make further reductions.
Between 2016 and 2021, Diab reduced its carbon footprint from 11 kg CO2e/ kg of material produced to 5.9 kg CO2e/ kg, a reduction of 46%. Among other factors, this reduction was driven by changes in material, reduced waste, more efficient use of waste generated, changed production methodologies, and changed energy sources.
“At Ratos, we strive for our companies to be sustainability leaders in their industry. We want to take tangible action and deliver outcomes, not promises, and we focus on what is commercially and financially sound – this is also what is sustainable in the long run. Diab is a great example of a company where numerous long-term initiatives make a difference over time. There is no silver bullet for carbon emissions, but many smaller initiatives have a major impact over time. This work will never truly be finished, but as an owner, we are proud of Diab’s progress,” says Joakim Twetman, Chairman of the Board at Diab and President Business Area Industry, Ratos.
Diab’s carbon-reduction activities encompass the Diab Group’s full carbon footprint, including Scope 1 & 2 (internal activities, energy, internal transport) and Scope 3 (external activities, sourced raw materials, product use). 82% of the Diab Group’s carbon footprint is in Scope 3.
For 2021, Diab is reporting in accordance with the EU Taxonomy for Sustainable Activities, and 49% of the Diab Group’s turnover is eligible and aligned with the Taxonomy.
“It has become increasingly important for our customers that we not only focus on delivering the best solutions, but also long-term sustainable solutions. I am very pleased with this development and with the fact that Diab, which started its work back in 2016, is at the forefront of delivering high quality while reducing our climate footprint. There is no contradiction here – on the contrary. Not only is this commercially sound, but it’s also the right thing to do,” says Tobias Hahn, CEO of Diab Group.
Diab supports manufacturers in making products more competitive and sustainable, offering the broadest range of stronger, lighter, smarter core materials for sandwich composite structures. Diab’s high-performance core materials can be found in applications all over the world, in industries like marine, aerospace, wind energy and transport. The core materials have a unique combination of characteristics such as low weight, high strength, insulation properties and chemical resistance. The company has production units in Sweden, Italy, US, China, Lithuania, and Ecuador combined with 14 sales units around the world. The average number of employees in the company amounted to 1,113 in 2021.
For further information:
Joakim Twetman, Chairman of the Board of Diab Group and President Business Area Industry, Ratos +46 70 339 16 66
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Tobias Hahn, CEO, Diab Group, +46 70 890 94 98
Ratos is a business group consisting of 13 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 35 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.