Bulten’s climate targets approved by Science Based Targets initiative
Bulten has taken the next step in its efforts to reduce greenhouse gas emissions. The Swedish fastener company has got their climate targets approved by the Science Based Targets initiative (SBTi).
“Sustainability has long been a natural and integral part of our business strategy. Our vision is to be the most sustainable and innovative fastener company around. To get our climate targets verified is important not only to us, but also to our customers, suppliers, employees, and other stakeholders. SBTi's verification of our climate goals is completely in line with our goal of being a leader in our industry from all sustainability aspects,” says Anders Nyström, President and CEO of Bulten.
The target covering greenhouse gas emissions from Bulten’s own operations (Scope 1 and 2) is consistent with reductions required to keep warming to well below 2°C. Bulten’s emission target from the supply chain (Scope 3) meet the SBTi criteria for value chain targets, which means that they are in line with current best practice.
The Science Based Targets initiative (SBTi) is a collaboration between the Carbone Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). SBTi provides companies with a clearly-defined path to reduce emissions in line with the Paris Agreement goals.
For additional information, please contact:
Ulrika Hultgren, SVP Corporate Communications and IR
Phone: +46 727 47 17 58
Bulten Group is a leading global manufacturer and supplier of fasteners to the automotive industry, as well as other industries such as consumer electronics. The offering extends from a wide range of standard products to specially adapted fasteners. With Bulten’s Full Service Provider concept (FSP), customers can entrust all their fastener needs to the company, including development, sourcing, logistics and service. Bulten was founded in 1873, has approximately 1,700 employees in 16 countries and is headquartered in Gothenburg, Sweden. Net sales in 2021 totaled SEK 3,730 million. Since 2020, PSM International has been a part of Bulten. The share (BULTEN) is listed on Nasdaq Stockholm.