Creating sustainable business value

Sustainability is a natural part of Gränges’ core business and strategy. It helps to increase the company’s long-term competitiveness and aims to create lasting value for Gränges as well as for its customers, employees, investors and other stakeholders.

By managing its business in a sustainable and responsible way, Gränges will enhance its possibilities to deliver strong financial and operational results.

Sustainable business value is created both by reducing undesired impacts of the company’s operations and by further increasing the positive contributions that emerge from integrating sustainability aspects into the business.

Sustainability as a business opportunity

With the global push for sustainable development and the transformation into a more circular and resource-efficient economy, Gränges’ customers are increasingly becoming aware of the importance of using sustainable materials.

Aluminium is often called the green metal thanks to its unique combination of properties. It is light-weight and strong, has high corrosion resistance, is durable and impermeable, and is versatile and used in many applications. Aluminium is also a highly recyclable material with very good potential to be recycled without losing its inherent material characteristics.

Through its light-weighting properties and its recyclability, Gränges’ aluminium products enable customers to achieve significant savings in energy consumption and greenhouse gas emissions – both in customers’ production process and for the end users. A study1) from 2016 concluded that light-weighting of transport vehicles leads to substantial fuel and carbon emissions savings. According to the study, the potential life-time saving for a passenger car is 500 kg to 2 000 kg carbon dioxide per 100 kg weight reduction.

Gränges’ technical expertise and competence in material properties and performance helps customers and the whole value chain to improve its climate performance.

1) IFEU 2016: Energy savings by light-weighting – 2016 Update.

Supporting sustainable development

Gränges has participated in the UN Global Compact since October 2016. In doing so, the company undertakes to fulfil the principles relating to human rights, labour law, the environment, and anti-corruption. The principles also form the foundation of the company’s Code of Conduct and Supplier Code of Conduct.

Gränges is also committed to helping fulfil the 2030 Agenda and UN Sustainable Development Goals (SDGs). In its work to establish the new sustainability framework, Gränges identified ten SDGs that are most relevant for the company’s business and where Gränges has its largest contributions.

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Sustainability Report 2018

Gränges’ sustainability report is integrated in the annual report.

Download Gränges’ annual report for 2018