Our reports 2025

Financial performance

Decarbonisation progress

With our 2024 performance, we are ca. halfway to achieving our SBTi-verified 2034 Scope 1 and 2 absolute emission reduction target.

In 2024, emission reductions were driven by the conversion to electricity in Switzerland, leading to a 75 percent CO₂ emission reduction at that factory and by acquiring Energy Attribute Certificates (EACs) for multiple factories in Europe and for one in China. 

Since 2020, our reductions have been driven by electrification primarily in Norway and China​ and by conversions from coal to electricity or bio/natural gas in multiple countries.