30 Jun Gränges: A Strong Commitment to Sustainability
JD Technologies Global, LLC is proud of the commitment that their principal Gränges has made to sustainability. By managing its business in a sustainable and responsible way, Gränges strengthens its long-term competitiveness and creates financial and operational value for the company and its stakeholders. Sustainable business value is achieved by reducing undesired impacts of the company’s operations and at the same time enforcing positive contributions and opportunities that emerge from integrating sustainability aspects into the business and value chain.
A vital resource for a sustainable economy
Aluminum is a circular material, capable of being recycled infinitively without losing its original properties such as lightness, conductivity, formability, durability and impermeability. These properties make aluminum a vital resource for a circular economy, and an important material supporting key sectors, e.g. transport, construction, packaging and renewable energy technologies, to achieve their climate targets. With the global push for sustainable development and the transformation into a more resource efficient and circular economy, Gränges’ customers are increasingly recognizing the importance of sustainable materials.
Gränges is subject to the EU taxonomy and has in 2021 identified aluminum recycling as an eligible activity and an important enabler to support global sustainable development.
Developing sustainable aluminum products
Sustainability has been identified as one of the most important business drivers for Gränges and is integrated into the company’s core business and strategy. In line with the company’s purpose and promise, Gränges’ strategic priority is to develop sustainable aluminum products and solutions, characterized by having a low climate impact, being circular and resource-efficient, as well as being responsibly sourced and produced. To enable and speed up the development of sustainable aluminum products and solutions, Gränges leverages its sustainability framework to integrate sustainability into its business, work streams, and value chain.
A systematic approach to integrate sustainability
The company’s group-wide sustainability framework and accompanying 2025 targets was originally launched in 2019. It covers 13 sustainability aspects, grouped into five sustainability pillars, that are deemed to have the highest sustainability impact and are assessed by stakeholders to be most important for the company to address. Gränges has delivered good progress for many sustainability priorities in the past few years, and as a result the company in 2021 upgraded some of the 2025 targets. In 2021, Gränges also linked the achievement of three of its 2025 sustainability targets to its financing cost through issuance of a Sustainability-Linked Bond.
Gränges’ SVP Sustainability is responsible for driving the global sustainability strategy and facilitating progress across the framework and targets, while the regional Presidents execute and implement local sustainability strategies aligned with the Group strategy. Functional cross-regional teams ensure integration of sustainability aspects into key functions such as Purchasing, Sales, Production and Human Resources.
Sustainability commitments and initiatives
Gränges is since October 2016 a signatory to the UN Global Compact and undertakes to fulfill the principles relating to human rights, labor, environment, and anti-corruption. The principles also form the foundation of the company’s Code of Conduct and Supplier Code of Conduct. In addition, Gränges is committed to helping fulfill the 2030 Agenda and Sustainable Development Goals (SDGs) and the company has identified those SDGs that are most relevant and where the company has its largest impacts and contributions.
Gränges participates in various industry initiatives to ensure that aluminum is mined, produced, and used sustainably, and to drive change where it has the highest value chain impact. One such initiative is the Aluminum Stewardship Initiative (ASI), which works to bring together producers, users, and stakeholders in the aluminum value chain and maximize the contribution of aluminum to a sustainable society.
Successful issuance of Sustainability-Linked Bond
In September 2021, Gränges successfully issued a five-year SEK 600 million senior unsecured Sustainability-Linked Bond under the company’s updated MTN program. The new bond is due in 2026. Gränges has tied the Sustainability-Linked Bond to the achievement of three defined sustainability performance targets (SPTs), which all play a central role in Gränges’ sustainability strategy:
SPT 1: Reduce carbon emissions intensity from own operations and purchased energy (scope 1+2) by 25 per cent by 2025 compared to 2017 measures in tons CO2e/ton.
SPT 2: Reduce carbon emissions intensity from sourced metal inputs (scope 3) by 30 per cent by 2025 compared to 2017 measured in tons CO2e/ton.
SPT 3: At least 30 per cent of total sourced metal inputs to be aluminum scrap by 2025.
About Gränges Powder Metallurgy
Gränges Powder Metallurgy is an established manufacturer of DISPAL® material which is a range of high-performance aluminum alloys produced using a spray compaction process. The DISPAL® high silicon material is superior to aluminum with higher temperature thresholds, higher stiffness characteristics, lower thermal expansion, and low friction. It is also lighter than steel and lower cost than Titanium. These alloys are used in a wide range of applications from mass production automotive powertrain components to Formula One, from commercial aircraft to satellites. Other applications include high precision optical and measurement instrumentation, printing equipment and pick & place technology where unmatched productivity, accuracy and reliability are required. For more information, visit https://www.granges.com/
About JD Technologies Global, LLC
JD Technologies Global, LLC provides premium sales and marketing services to a group of high quality, complementary manufacturers of engineered services and products who serve the aerospace, military & defense, industrial and medical industries. They develop long term relationships with key customers who value the consultative style of selling and who wish to interface with sales professionals of high integrity. Their approach is to use proven consultative selling techniques. Consultative selling is a collaborative process that leads customers/prospects through an analysis of their current situation to a resulting improvement. For more information on JD Technologies Global, LLC, their products, services and their consultative selling methodology, visit www.jdtechsales.com.