Safety and people goal
We aspire to the highest standards for people and will continue to raise these standards in line with our goal of zero harm. We also have a target to increase the share of women in managerial positions
Progress during the last year
Our Total Recordable Injury Frequency Rate (TRIFR)* was reduced to 3.0 2023 and we undertook several initiatives, such as safety campaigns, to make improvements in this area.
We continued to have diversity, equity and inclusion (DE&I) high on the agenda and maintained initiatives such as a group-wide DE&I training and various skills development programs.
Sandvik was once again part of the green list in the non-profit foundation Allbright’s assessment of gender distribution at the board and executive management team level in Swedish companies.
*Total recordable injuries per million hours worked
Reduction of TRIFR
The TRIFR for 2023 amounted to 3.0. Compared to the baseline (average 2016–2018) it has decreased by 21 percent. Acquisitions continue to negatively impact both TRIFR and LTIFR trends. Regrettably, one fatality was reported.
The table and graph show the development of TRIFR for 2016–2023.
| 2016-2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| 3.8* | 3.2 | 2.6 | 3.0 | 3.1 | 3.0 |
*Average value
The target is adjusted for structural changes.
Women in managerial positions
Our target is to increase the share of women in managerial positions to one third by 2030. We have a plan in place to accelerate the increase of female managers in the years to come, which is necessary to achieve the 2030 goal.
| 2016-2018* | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| 16.7 | 18.1 | 18.3 | 19.6 | 19.6 | 20.5 |
*Average value