Hultafors Group Releases 2024 Sustainability Progress Report

From commitment to action: SBTi-approved climate targets

A major milestone in 2024 was the official approval of our climate targets by the Science Based Targets initiative (SBTi). We are now net zero committed, in line with the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius.*

These goals give us a clear and science-based foundation for climate action. All business units have begun developing transition plans to meet them, identifying key levers and addressing challenges specific to their operations and value chains.

Circularity: A long-term strategic direction

We’ve also advanced our efforts to build circular business models — a transformation that will take time but is essential to our long-term sustainability. Fristads’ reuse and repair service is now operating at scale across customer segments. W.steps’ certified aluminium ladders have an environmental footprint with radically reduced CO₂ emissions — 75% lower than the global standard. And across our brands, we’re seeing concrete actions to reduce waste, extend product life, and create value for customers through sustainable solutions.

Looking ahead

We move forward with a stronger foundation, a clear direction, and growing alignment across the Group. While much remains to be done, I am confident in our ability to deliver — guided by science, driven by innovation, and united by a shared purpose.

Sustainability is not an add-on. It is central to how we build a resilient, responsible and successful business — now and into the future.