EuroWire May 2024

Corporate News

First spring manufacturer validated by SBTi

In a first for the spring manufacturing industry, the Lesjöfors Group’s near-term climate emission reduction targets have officially been validated by the Science Based Target initiative (SBTi). The validation by the SBTi (the official body for setting climate targets) establishes the group as the only spring and pressing manufacturer in the world to achieve the validation, confirming its commitment to achieving the Paris agreement goals of limiting global warming to 1.5°C above pre-industrial levels. Lesjöfors has committed to reduce its absolute scope 1 and 2 GHG emissions by 42 per cent by 2030 from a 2022 base year. It has also set a target to reduce emissions in its value chain, focusing on the carbon impact of raw material used in its products and transport. This includes a commitment to reduce scope 3 GHG emissions from 52 per cent per SEK value added by 2030 from a 2022 base year. Ola Tengroth, CEO of the Lesjöfors Group, said, “It’s our responsibility to lead with purpose and action. We have worked incredibly hard to achieve sustainable change across our organisation and our emission reduction roadmap to 2030 ensures our responsibility and accountability. The SBTi validation underscores the credibility of our action

SBTi has validated Lesjöfors’ emission-reduction targets

plan, delivers great pride amongst our 2,800 employees, and delivers a framework that drives our ongoing dedication.” With more than 70 per cent of CO 2 emis- sions generated through raw material via metal component manufacturing, Lesjöfors’ climate reduction roadmap towards 2030 includes increasing the share of recycled metals and lowering the carbon footprint of the raw material used, as well as sector development in the transport and steel industry. efficiency and renewable energy across 50+ manufacturing and sales sites have already reduced emissions. Investments in energy

Jonas Olofsson, CPO of the Lesjöfors Group, commented, “Our aim to significantly lower CO 2 emissions by 2030 is not just achievable – it’s imperative. “By gathering CO 2 data from our value chain and making decisions based on facts, we ensure that our journey towards our goal is both strategic and effective.” Lesjöfors is also working to enhance its product development process, engaging with customers and suppliers to increase the share of recycled metals, developing lower carbon footprint metals across its product line. Lesjöfors Group www.lesjoforsab.com is a summa cum laude graduate of the University at Albany (SUNY). In 1993, she co-founded Zago with her husband, an engineer, at NJIT in Newark, New Jersey. Today, Zago is a certified Women Business Enterprise (WBE) headquartered in Newark, manufacturing Made in USA/Buy American Act compliant sealing fasteners and switch boots for manufacturers and engineers worldwide. Zago Manufacturing Company Inc www.zago.com ROI-NJ www.roi-nj.com

Zago CEO named on influencers list Gail Friedberg Rottenstrich, co-founder and CEO of Zago Manufacturing Co, has made the ROI Influencers Women in Busi ness: 2024 list for her excellence in mod elling public and private sector work. ROI-NJ , a business publication based in New Jersey, USA, released the list during March – Women’s History Month. Committees. She is a member of the Borough Council in Fair Lawn, New Jersey, where she resides, and is a board member of Fair Lawn Main Street, Inc.

For Ms Friedberg Rottenstrich, working in the private and public sectors is a “good fit”: both align with her personal and professional values, Zago’s sustainable mission and its purpose-driven business strategy of being mindful of all its stakeholders, including serving the environment. A former corporate attorney, Ms Friedberg Rottenstrich holds a Juris Doctor degree from the George Washington University Law School and

In addition to run- ning Zago, a manu- facturer of sustainable sealing fasteners, Ms Friedberg Rottenstrich is liaison to her home- town of Fair Lawn’s Green Team and Shade Tree Advisory

Gail Friedberg Rottenstrich

Graphics bigstockphoto.com/Artist tereh

EF 3/57

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May 2024