Relevant GRI Indicators

NF1 About this report

This is the sixteenth consecutive year of sustainable business reporting for Sandvik. We aim to continue reporting the same way on an annual basis. The data in this report refers to the 2021 fiscal year. Sandvik’s most recent Sustainable Business Report was published in March 2021. In the non-financial notes, information on strategy, management approach, stakeholder dialogues, materiality analysis and sustainability data are presented.

Information meeting the Swedish legal requirements on sustainability reporting, the Statutory Sustainability report, and Sandvik’s Sustainable Business Report, are found on Value creating offers, Sustainability targets, Sustainable solutions creating value, UN Sustainable Development Goals, Risk managment and Non-financial notes. See note P12 for a list of entities included in the figures, unless otherwise stated.

This report has been prepared in accordance with the Global Reporting Initiative, GRI Standards, Core option. The figures presented are the accumulated figures for 2021 for all active reporting units, unless otherwise stated. An operational control approach was used for consolidations. It covers our material aspects decided in the materiality analysis described in NF3 and it has been reviewed by an external party. As of 2021, Sandvik reports according to the SASB Sustainability Accounting Standard for Industrial Machinery & Goods and the EU taxonomy for sustainable investments.

The assurance provider was engaged by the Board of Directors and the CEO of Sandvik to undertake a combined assurance of Sandvik Annual Report 2021. The assurance provider is independent to Sandvik.

Sandvik is a signatory to the UN Global Compact (UNGC) and reports on the ten principles in accordance with the UNGlobal Compact Advanced level criteria.