Klimatförändringarnas påverkningar, risker och möjligheter
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SBM-3: Väsentliga påverkningar, risker och möjligheter och deras förhållande till strategi och affärsmodell.
Vi använde insikterna från vår analys av koldioxidavtrycket i värdekedjan som gjordes 2021 som underlag till den dubbla väsentlighetsbedömning som gjordes för att bedöma väsentlig klimatrelaterad påverkan.
Klimatrelaterad risker, såsom fysiska risker för den egna verksamheten eller för leverantörerna, eller omställningsrisker kopplade till produkter, bedöms på divisionsnivå och ska, om det bedöms relevant, ingå i den årliga riskhanteringsprocessen. En aggregerad analys av de identifierade riskerna presenteras årligen för koncernledningen. Mer information om riskhanteringsprocessen finns på sidorna 68-73.
Under 2021 genomfördes en kvalitativ scenarioanalys avseende fysiska och omställningsrelaterade klimatrisker och möjligheter, inklusive en kartläggning av fysiska risker i värdekedjan. Mer information finns under Analys av motståndskraft mot klimatförändringar i ESRS 2. Insikterna från analysen användes som underlag för den dubbla väsentlighetsbedömningen.
Väsentliga påverkningar, risker och möjligheter (h4)
| CO2e emissions from own operations (Scope 1 and 2) | ||
| Actual negative impact | ||
| Upstream | Own operations | Downstream |
| Kortsiktigt | Medium-term | Långsiktigt |
| CO2e emissions from our operations, mainly from our production facilities and company vehicles, contribute to global warming. Although these emissions represent less than 1% of our total value chain carbon footprint, reducing them is important as only we can address them directly. This is why we have implemented initiatives such as an ongoing renewable energy program and energy efficiency activities. Prioritizing access to renewable energy is an important consideration when selecting operational locations. A challenge is the unavailabilityof renewable electricity in certain geographies, which affects our ability to meet our goals. We address this through initiatives such as increased energy efficiency in our processes and solar panel installations. This is also a way for us to contribute to the increasing need for renewable electricity. | ||
| CO2e emissions from purchased goods and services (Scope 3) | ||
| Actual negative impact | ||
| Upstream | Own operations | Downstream |
| Kortsiktigt | Medium-term | Långsiktigt |
| CO2e emissions from the extraction of raw material and production related to the components we purchase for our operations represent approximately 11% of our total value chain carbon footprint. We have identified the relatively few suppliers that account for the majority of the emissions. The top emitting categories are raw material, weldments, hydraulics and powertrains. We gather input from our suppliers about their plans to achieve CO2e emissions reductions and Paris Agreement goals. Preference is given to those engaged in the SBTi. Partnerships and collaborations with suppliers are also important to us. Our partnership with SSAB on fossil-free steel and recycled steel is one example of how we are reducing the carbon footprint from produced steel. | ||
| CO2e emissions from up- and downstream transportation and business travel (Scope 3) | ||
| Actual negative impact | ||
| Upstream | Own operations | Downstream |
| Kortsiktigt | Medium-term | Långsiktigt |
| Approximately 2% of our total value chain carbon footprint comes from the transportation of materials and components to our facilities, and the delivery of finished products to customers. In addition, CO2e emissions from business travel represent approximately 0.6% of the total value chain carbon footprint. We focus our efforts on transportation of materials, components and finished products. These transports include third-party transportation of goods throughout our supply chain, from first tier supplier to end customer, including materials for manufacturing, components for assembly, finished products and spare parts. Transport by air, sea, train and road is included. Examples of how we have reduced these CO2e emissions include establishment of regional distribution centers and an ongoing shift from air to sea freight. We expect freight companies to transition to lower-emission options and rely on their continued progress. | ||
| CO2e emissions in customer operations | ||
| CO2e emissions from the use phase of Epiroc’s sold products (Scope 3) | ||
| Actual negative impact | ||
| Downstream | ||
| Kortsiktigt | Medium-term | Långsiktigt |
| The majority of our CO2e emissions occur in the use phase of our sold products. This includes total expected lifetime emissions of sold products at our customers’ operation sites from all relevant products sold in the reporting year. We are contributing to these CO2e emissions by selling the products to the customers, but we are also enabling reduction of these emissions through our product offering and by engaging with customers. | ||
| Emissions-free* and energy-efficient products can enable decarbonization and healthier workplaces | ||
| Actual positive impact | ||
| Downstream | ||
| Kortsiktigt | Medium-term | Långsiktigt |
| Emissions-free* products reduce the negative impact on customers’ employees’ health by protecting them from fumes, noise, and heat, especially in underground operations (read more in ESRS S2). They also reduce the energy need for ventilation, a major cost for underground mines. | ||
| Failure to innovate emissions-free* and energy-efficient solutions can risk market share loss | ||
| Transition risk | ||
| Own operations | Downstream | |
| Medium-term | Långsiktigt | |
| Failing to develop, launch and market new products or respond to technological development and customer demand for these products could lead to loss of market share. If this risk materializes, it will impact our competitive positioning and result in lower revenue and profitability. Proactive measures can mitigate these effects. There is also a risk that some customers’ ambitions may not be realized into action or not at the pace expected, which could result in our products not being prioritized in their actual CO2e emission reduction efforts. Financial implications include potential revenue loss from slower adoption, and increased customer support costs. One example of this is customer caution in investing in electrification technology. Delays and interpretation uncertainties in regulations from governmental bodies, investments needed in electric infrastructure, and limited access to renewable electricity could hinder customers' willingness to invest. | ||
| Customers' CO2e reduction ambitions can drive demand for products that are emissions-free* and energy-efficient, and have lower embodied emissions | ||
| Opportunity | ||
| Own operations | Downstream | |
| Kortsiktigt | Medium-term | Långsiktigt |
| In the long-term, customers’ ambitious CO2e reduction targets will likely expand their focus to Scope 3 on their path to reaching net-zero. This will increase the demand for capital equipment with lower embodied emissions. Embodied emissions are the total GHG emissions associated with various stages of a product’s lifecycle excluding the operational use. Successful climate mitigation with product offerings of lower embodied emissions can position Epiroc as a preferred supplier, driving market growth and new business opportunities. Our 2030 climate target to halve CO2e emissions from relevant suppliers and the transition plan for achieving this are contributing to lowering the embodied emissions in our products. | ||
| Customer caution in investing in electrification technology can reduce demand for battery/electric products | ||
| Transition risk | ||
| Downstream | ||
| Kortsiktigt | Medium-term | Långsiktigt |
| While access to renewable electricity and fuels is currently a challenge for customers in some countries, we expect this to become less challenging over the long term. We collaborate with customers to understand and support their infrastructure needs, including providing training to share knowledge and best practices. We develop tailor-made solutions for customers facing electricity supply challenges, particularly for their electric infrastructure and energy management for battery electric vehicles. | ||
| * Emissions-free products do not emit exhaust gas or other pollution from the onboard source of power, also referred to as zero tailpipe emissions. | ||