A changing world

Sandvik has defined the external factors and drivers that have the greatest impact on the company and that we, together with our customers and other stakeholders, must respond to in order to generate stable and profitable growth.

Materials development

We are currently in the midst of a revolutionary development of new materials. Innovative alloys, nanomaterials and advanced powder technologies are creating new opportunities. Properties in demand include more sustainable and lightweight products, with improved strength and anti-corrosion durability. The new materials often reduce environmental impact since lower weight reduces fuel consumption, for example. Sandvik is investing substantial resources in material development and is global leader in the field.

New manufacturing techniques

Additive manufacturing, or 3D printing, is one example of a new technology that requires fewer manufacturing steps and reduces impact on the environment by producing lighter products and using less raw material. Another new production method is multi-axle technology, where you can machine a material from several different angles. This improves efficiency and enables completely new types of products. Optimizing manufacturing processes reduces carbon emissions and costs and increases productivity.

Digitalization and automation

The manufacturing industry is experiencing one of the greatest transformations ever, a transition that is often referred to as Industry 4.0, and involves a shift to digitalization and automation. Access to comprehensive data volumes, sophisti­cated analytical tools, robotization and artificial intelligence are creating new business opportunities. Sandvik offers digitalized solutions and services to optimize its customers’ operations, in terms of costs, productivity and environmental footprint. Automated mines, intelligent tubes and digital tools are some examples of how
Sandvik is developing new solutions.

Scarce resources and energy conversion

A growing global population and economy mean more people must share the earth’s resources. This will require a transition to more sustainable energy and technologies as well as an increased degree of recycling. One example of this can be seen in the auto­motive industry, which is experiencing a switch from petrol and diesel cars to electric cars, hybrid cars and hydrogenpowered cars. Sandvik is contributing new solutions, such as electric drill rigs, and is developing materials for solar panels and hydrogen-powered cars. We are also developing new technologies in metal cutting that help to reduce environmental impact and are striving to increase recycling within our operations.

United nations' sustainable development goals

World leaders have committed themselves to 17 Global Goals for Sustainable Development (SDGs). Cross-sector collaboration between civil society, academia and the business community is key if the goals are to be achieved. Sandvik has defined the goals that are most relevant for the company and to which we actively contribute:

Good health and well-being

Ensure healthy lives and promote well-being for all at all ages.

Gender equality

Achieve gender equality and empower all women and girls.

Affordable and clean energy

Ensure access to affordable, reliable, sustainable and modern energy for all.

Decent work and economic growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Industry, innovation and infrastructure

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

Responsible consumption and production

Ensure sustainable consumption and production patterns.

Climate action

Take urgent action to combat climate change and its impacts.

Sustainability notes

More information about Sandvik and the UN SDGs can be found in our Sustainability notes.