Atlas Copco AB
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Atlas Copco AB is a Swedish multinational company that operates in the Air and Gas Compressor sector. The company was founded in 1873 and has since then become a leading provider of sustainable productivity solutions. Atlas Copco AB is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. The company has also taken several initiatives to promote the use of renewable energy and has entered into corporate energy and corporate PPA agreements to achieve its sustainability goals.
Decarbonisation is a key priority for Atlas Copco AB, and the company has set a target to reduce its carbon footprint by 50% by 2030. The company has already made significant progress towards this goal, with a 30% reduction in carbon emissions since 2015. Atlas Copco AB is committed to reducing its carbon footprint through various initiatives, including the use of renewable energy, energy-efficient products, and sustainable manufacturing processes.
One of the ways in which Atlas Copco AB is promoting the use of renewable energy is through corporate energy agreements. The company has entered into several such agreements to ensure that it sources a significant portion of its energy from renewable sources. In 2019, Atlas Copco AB signed a corporate energy agreement with a wind farm in Sweden, which will supply the company with renewable energy for the next ten years. The agreement will help the company reduce its carbon footprint and support the development of renewable energy in the country.
Atlas Copco AB has also entered into corporate PPA agreements to promote the use of renewable energy. A corporate PPA is a long-term agreement between a company and a renewable energy provider, where the company agrees to purchase a fixed amount of renewable energy at a fixed price. In 2019, Atlas Copco AB signed a corporate PPA with a wind farm in Finland, which will supply the company with renewable energy for the next ten years. The agreement will help the company reduce its carbon footprint and support the development of renewable energy in the country.
In addition to promoting the use of renewable energy, Atlas Copco AB is also committed to energy efficiency. The company has developed several energy-efficient products, such as compressors and vacuum pumps, which help its customers reduce their energy consumption and carbon footprint. Atlas Copco AB has also implemented sustainable manufacturing processes, such as using renewable energy and reducing waste, to reduce its own energy consumption and carbon footprint.
Atlas Copco AB's commitment to sustainability is reflected in its corporate strategy. The company's vision is to become a sustainable productivity solutions provider, and its mission is to create value for its customers, employees, and shareholders while contributing to sustainable development. Atlas Copco AB's sustainability strategy is based on three pillars: economic, social, and environmental sustainability. The company believes that by focusing on these three pillars, it can create long-term value for all stakeholders.
Atlas Copco AB's commitment to sustainability has been recognized by several organizations. The company has been included in the Dow Jones Sustainability Index for several years, which recognizes companies that demonstrate leadership in sustainability. Atlas Copco AB has also been recognized by the Carbon Disclosure Project for its efforts to reduce its carbon footprint.
In conclusion, Atlas Copco AB is a leading provider of sustainable productivity solutions in the Air and Gas Compressor sector. The company is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. Atlas Copco AB has taken several initiatives to promote the use of renewable energy, including corporate energy and corporate PPA agreements. The company's commitment to sustainability is reflected in its corporate strategy, and it has been recognized by several organizations for its efforts to reduce its carbon footprint. Atlas Copco AB is a shining example of a company that is committed to sustainability and is taking concrete steps to achieve its sustainability goals.