Purpose, core values and global commitments

Our purpose, “advancing the world through engineering” captures our ambition whereby our innovative solutions make the shift in areas such as digitalization and sustainability. This creates value for customers, employees, and communities, ultimately leading to shareholder value.

We want to be a positive force in shaping the industries of the future, using our skills to solve the big challenges of our time. In each of our businesses and value chains, we have the opportunity to enable the progress that is needed by innovating sustainable solutions, collaborating with our customers and suppliers, and building in responsibility and transparency at every level.

Our revised core values of winning together, curiosity, responsibility, and customer focus capture the culture of the company and they guide us in our actions and daily business decisions.

Winning together

We take the lead with a collaborative spirit and succeed as a team.

Curiosity

We explore, challenge and innovate to shape the future.

Responsibility

We put safety first and act with integrity and responsibility for our people and our planet, building trust in everything we do.

Customer focus

We listen, create, adapt and deliver – always close to our customers.

Global commitments and indices

We support a number of international principles and commitments and are included in several sustainability indices. This is important recognition of our efforts within sustainable business. It also shows that Sandvik is a sustainable supplier, striving to make its customers more sustainable too.

World leaders have committed themselves to 17 Global Goals for Sustainable Development (SDGs). Sandvik has defined the goals that are most relevant for the company and to which we actively contribute.

We are signatories of the UN Global Compact. With our participation we commit to applying the UN Global Compact’s ten principles in our business strategy and operations around the world and to catalyze business action in support of the UN SDGs and issues with an emphasis on collective action. Sandvik has been a signatory of the Global Compact since 2013.

EcoVadis

Sandvik reports yearly through EcoVadis to share our sustainability metrics and progress. https://recognition.ecovadis.com/­2Ce7B7wTmkOC_vKb_TZAwg

Science Based Targets initiative (SBTi)

Our climate targets are approved by the Science Based Targets initiative (SBTi), as aligned with the latest climate science and the goals of the Paris Agreement.

CDP

Sandvik reports its environmental impact through CDP, a global environmental disclosure platform (formerly known as the Carbon Disclosure Project).

UN Global Compact

Sandvik is a signatory of the UN Global Compact.