Recycling / circularOslo Stock Exchange: TOM

TOMRA Systems

79Credible Contributor

Asker, NorwayFounded 19720 followers

www.tomra.com

Norwegian circular-economy technology group operating over 91,000 reverse vending machines for bottle and can returns, plus AI-driven sensor sorting systems for recycling and food industries worldwide.

Green Score

79/100
Credible Contributor
Greenwashing risk
low
Data confidence
high
Method
how it is calculated
Climate Impact & Solution35%84

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

TOMRA's core products — deposit-return reverse vending machines and sensor-based recycling sorters — directly enable circular-economy material flows, reducing virgin resource demand and landfill/incineration emissions at scale across 100+ markets; avoided emissions are disclosed separately using WBCSD methodology, which is a mark of intellectual honesty, though the scale of energy consumed by its ~113,700 installed machines is a material Scope 3 liability that tempers a perfect score.

Decarbonization & Targets20%78

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

SBTi validation was secured in 2024 for near-term targets (55% absolute Scope 1&2 reduction by 2033; 62% Scope 3 intensity reduction by 2033) and long-term targets (90%/97% reductions by 2050), aligned with 1.5°C; however, Scope 3 is measured on an intensity basis (per mEUR value added) rather than absolute, which permits total Scope 3 emissions to rise with revenue growth, and independently verified progress against these targets is still early-stage.

ESG & Operations15%72

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

TOMRA reports improved workplace safety in 2023, actively discloses DEI and employee engagement commitments, links executive bonuses to sustainability performance, and conducts product life-cycle assessments; the 2023 cyberattack (NOK 120m in costs) exposed IT governance weaknesses, and a major restructuring of the Food division (20% headcount reduction) in 2023–2024 represents a notable labour event that warrants monitoring.

Transparency & Verification15%76

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

TOMRA publishes detailed annual reports including full Scope 1, 2, and expanded Scope 3 data, is a CDP participant, discloses avoided-emissions methodology externally (developed with Eunomia), conducts third-party LCAs on products, and reports against ESRS 2 governance standards; the score is held back by the fact that CDP rating level and third-party assurance scope on the full GHG inventory were not publicly confirmed in available sources.

Integrity15%80

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

No material environmental violations, fossil-fuel lobbying, conflict-zone involvement, or governance scandals were found; the principal demerits are the July 2023 cyberattack (significant operational disruption, NOK 120m in costs, and IT security questions) and the 2023–2024 Food division restructuring with a 20% workforce reduction, both of which are operationally significant but not sustainability-integrity red flags.

Why it's on ClimateTicker

TOMRA's core business — reverse vending machines enabling beverage container deposit-return systems, plus AI-driven sensor sorting for recycling and food — is authentically climate-positive: it diverts materials from landfill and incineration, reduces virgin resource extraction, and avoids measurable downstream emissions. The company's climate credentials are substantive, not cosmetic, with SBTi-validated near-term and long-term targets and granular Scope 1/2/3 disclosure. The primary honest caveat is that Scope 3 emissions from the energy use of its 113,700+ installed machines dwarf its own operational footprint, and progress on decarbonising that installed base will be the true test of delivery.

mitigationTOMRA generates revenue through the sale, rental, and servicing of reverse vending machines (Collection division), sensor-based sorting systems for waste streams and mining (Recycling division), and optical/AI sorting equipment for fresh and processed food (Food division), with a growing share of recurring software and service revenues (~12% growth in 2024).

Commitments & Certifications

Controversy & Greenwashing Watch

lowScope 3 Intensity (Not Absolute) Targeting

TOMRA's Scope 3 SBTi target is expressed per mEUR value added rather than in absolute terms, meaning total supply-chain and product-use emissions could increase alongside revenue growth — a structural limitation that sophisticated investors should flag.ditchcarbon.com

mediumExtensive Cyberattack (July 2023)

TOMRA suffered a large-scale cyberattack on July 16, 2023 that forced multiple systems offline, disrupted supply-chain management and office operations across major sites, and cost the company NOK 120 million in one-off remediation and security upgrade expenses.theregister.com

lowFood Division Restructuring — 20% Workforce Reduction (2023–2024)

TOMRA Food underwent a significant restructuring that reduced headcount by approximately 20% and consolidated operations from four sites to two, generating EUR 25m in restructuring charges in 2023 and raising labour-practice scrutiny.tomra.com

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