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Mycronic strives to achieve the goals of the Paris Climate Agreement.

Key area: Climate impact

We have set Science-based targets to reduce our absolute emissions in scope 1 and 2 and to reduce our relative scope 3 emissions from the use of our sold products with over 50 percent, from a 2022 base year to a target year of 2030.

Our Science Based Targets were approved in June 2024, and replace our previously communicated climate goal

To combat climate change and achieve the goals of the Paris Agreement, the world’s greenhouse gas emissions must decrease by 50 percent by 2030 and be reduced to zero by 2050. Mycronic is committed to contribute to achieving these reductions. As a part of our purpose to "Bring tomorrow’s electronics to life", we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement. Our efforts will be beneficial not only for the climate but also for us as a company.

Mycronic has set two near-term targets from the base year 2022 and until 2030. Near-term means that the target is set so it can be reached within the next five to ten years.

The first is an absolute target covering scope 1 and 2 emissions, which include emissions from our own facilities and company-owned cars. The other is a relative target covering scope 3 emissions from the use of our sold products, covering emissions that arise from electricity usage when our machines are run at customers' sites. For this relative target, gross profit (SEK) is the denominator.

Environmental and quality management

Mycronic has environmental management systems, policies and instructions in place throughout the company. These cover all of our material environmental impacts, such as energy consumption, waste, and chemicals. Mycronic’s sites in Sweden (Mycronic AB) and China (Shenzhen Axxon Automation Co., Ltd) are certified to ISO 9001 (Quality) and ISO 14001 (Environment) standards.

Our science-based targets

Mycronic commits to reduce absolute scope 1 and 2 GHG emissions 56% by 2030 from a 2022 base year*. Mycronic also commits to reduce scope 3 GHG emissions from use of sold products 52% per SEK value added within the same timeframe*.

*The target boundary includes land-related emissions and removals from bioenergy feedstocks.

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