Scania Releases 2022 Annual and Sustainability Report

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by KnowESG
KnowESG_Scania
Image courtesy of https://www.scania.com/

Scania's 2022 Annual and Sustainability Report showcases the company's ability to navigate the obstacles and interruptions arising from the unstable macroeconomic and geopolitical climate. Moreover, it highlights the company's commitment to promoting sustainable transportation systems.

Scania's eighth combined Annual and Sustainability Report outlines the company's pursuit of a sustainable transportation system, detailing its financial, social, and environmental progress. The report serves as a testament to Scania's ongoing efforts towards sustainable practices.

“2022 was a year marked by economic and political turmoil that led to an energy crisis and spike in inflation and interest rates. Despite that, our customers’ activity and the demand for our products and services remained high. Our employees responded to the challenges concerning production and delivery problems in a fantastic way while also keeping a clear focus on our overall purpose," says Scania President and CEO Christian Levin.

“We have both the opportunity and responsibility to lead the shift and have set ourselves ambitious goals moving forward. We were the first in our industry to set science-based targets for reducing our carbon emissions from our operations and from the vehicles in use by our customers. In 2022, we took another major step by being the first to set carbon reduction targets for our supply chain," adds Levin.

Regular and relevant reporting of sustainability efforts is crucial for Scania's stakeholders. This year, the company has taken further steps in sustainability reporting, including additional Environmental, Social, and Governance (ESG) information.

Scania's auditors have conducted a limited review of the sustainability report since the previous year. Additionally, in the financial year 2022, Scania reported its taxonomy-eligible operations and taxonomy-aligned activities for the first time.

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Source: Scania

Download or read the full report here.

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