Note 36. Stakeholder dialogues

We have defined a number of stakeholders who can be expected to be affected by Sandvik or have a an affect on Sandvik, of which the most significant are customers, employees and investors.

We engage in an open dialogue with our stakeholders. As an example, structured dialogues are being held as part of the materiality analysis, on which we base our reporting in accordance with the GRI Standards. Some of the dialogues held in 2019 include: Group or individual meetings with analysts, investors and shareholders discussing issues like strategy implementation, the relevance of the 2030 Goals to Sandvik’s business, targets and target outcome and contribution to the UN Sustainable Development Goals. Customer dialogues are held continuously, including issues such as product development for improved safety and energy efficiency of the products. We have an ongoing dialogue with suppliers relating to the Supplier Code of Conduct. There are continuous dialogues with employees through meetings, employee surveys and performance dialogues. Sandvik regularly meets with unions and discusses the sustainability agenda.

Membership in organizations

Sandvik is a member of the UN Global Compact. Sandvik is also part of the industry associations Jernkontoret (steel producers), Svemin (mines, minerals and metal producers), the Cobolt Institute and the International Tungsten Industry Association, where a number of initiatives and actions to communicate with legislators have been taken, particularly in relation to the UN Sustainable Development Goals.