Relevant GRI Indicators

NF2 Stakeholder dialogues

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

We engage in an open dialogue with our stakeholders. Some of the dialogues held in 2021 included: 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. In 2021, Sandvik met with all major shareholders. Customer dialogues are held continuously, including on issues such as product development for improved safety, energy efficiency and electrification. The updated Sandvik Supplier Code of Conduct led to discussions and renewed contracts with suppliers. There are continuous dialogues with employees through meetings, employee surveys and performance dialogues and sustainability-related questions are included in the Sandvik employee survey. Sandvik regularly meets with unions and discusses the sustainability agenda. We participated in conferences and roundtable discussions arranged by organizations and academia such as Innov8rs, the Swedish International Development Cooperation Agency (SIDA), the International Council of Swedish Industry (NIR), Engineers Without Borders, the Copenhagen Business School, the Stockholm School of Economics and the University College of Gävle.

Membership in organizations

Sandvik is a member of the UN Global Compact. Sandvik is also part of the industry association Jernkontoret (steel producers), Svemin (mines, minerals and metal producers), the Cobolt Institute and the International Tungsten Industry Association.