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. Throughout the year we have engaged with stakeholders, both to understand their relation to Sandvik and to identify impacts, risks and opportunities as part of the materiality assessment.

Some examples 2022: Group or individual meetings with analysts, investors and shareholders discussing strategy implementation, the impact from the 2030 Sustainability Goals on Sandvik’s business, targets and target outcome, and our contribution to the UN Sustainable Development Goals. In 2022, Sandvik met with all major shareholders. Customer dialogues are held continuously, including issues such as product development for improved safety, energy efficiency and electrification. 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, for example the Swedish International Development Cooperation Agency (SIDA), Engineers Without Borders, the Copenhagen Business School, the Stockholm School of Economics and the University College of Gävle. We have a strategic partnership with the KTH Royal Institute of Technology in Stockholm, Sweden.

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.