Swedish industrial products manufacturer Alfa Laval announced plans to achieve its key interim climate goals ahead of schedule, accelerating its efforts to achieve net zero goals for scope 1 and 2 emissions, and to reduce scope 3 emissions by 50% by 2027, three years earlier than previously announced. The revised goal was announced at the company’s Capital Markets Day in San Bonifacio, Italy.

Alfa Laval announced its initial climate goals in 2019, committing to achieve carbon-neutral status in its operations by 2030 and to reach a science-based net zero target by 2050. The company’s 2030 goals have been validated by the Science Based Targets initiative (SBTi).

The company said that it has made significant investments over the past few years to implement plans to address every aspect possible related to achieving its operational net zero targets, with a key focus on increasing energy efficiency and replacing fossil fuels with renewable energy in processes across divisions and the company’s locations around the world.

Emma Adlerton, Executive Vice President, Group Affairs at Alfa Laval, said:

“In recent years we have proven that the actions and plans we set in motion to reach our scope 1 and 2 net zero targets in our operations enable us to deliver on our targets faster than expected. Today we are happy to announce that we will further increase our efforts and speed up our investment plans, enabling Alfa Laval to reach net zero for scope 1 and 2 in 2027. We are determined to lead the way and be a frontrunner in showing what is possible going towards net zero.”

The company, which offers products in the areas of heat transfer, separation and fluid handling, added that its growth strategy “is deeply rooted and devoted to supporting the global sustainable transformation,” and that it sees rising demand for sustainable energy, clean water, food and decarbonized marine transportation. Last year, the company announced the launch of its Electrolyzer and Fuel Cell Technologies business unit, aimed at capturing business opportunities in the hydrogen sector emerging from the global transition to clean energy sources.

Tom Erixon, CEO and President of Alfa Laval, said:

“We have seen strong growth across our three divisions and during the past years taken action to expand production capacity in all major geographies. The growing demand emerging from the global energy transition will continue to drive our growth towards 2030.”