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
Safety is a top priority and we have a vision of zero harm. Our Total Recordable Injury Frequency Rate (TRIFR)* was 3.0 2024 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
Our target is to reduce the Total Recordable Injury Frequency Rate (TRIFR) to 1.6 by 2030, representing a 50 percent reduction from the 2019 baseline. For 2025, our goal is a Total Recordable Injury Frequency Rate at 2.7, and in 2024 it amounted to 3.0. Compared to the 2019 baseline it has decreased by 6 percent. Acquisitions continue to negatively impact both TRIFR and LTIFR trends.
The table and graph show the development of TRIFR for 2016–2024.
| 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 2.6 | 3.0 | 3.1 | 3.2 | 3.0 |
The target is adjusted for structural changes.