Jump to content

You are now visiting the Sandvik Group website in English. Would you like to switch to another language site with selected content translated?

Change language
Sandvik Group

SASB reporting

As of 2021, we report according to the Sustainability Accounting Standards Board (SASB) reporting standard for Industrial Goods and Machinery. Sandvik also reports in accordance with TCFD (Task Force on Climate-related Financial Disclosures) and the Global Reporting Initiative, GRI.

Table 1. Sustainability Disclosure Topics & Accounting Metrics

Topics in the SASB standards for industrial goods and machinery:

  • Energy Management
    Accounting metric Category Unit of measure Code Note in the Annual report 20221)
    (1) Total energy consumed Quantitative Gigajoules (GJ) RT-IG-130a.1 NF8
    (page 146)
    (2) percentage grid electricity Quantitative Gigajoules (GJ) RT-IG-130a.2 NF8
    (page 146)
    (3) percentage renewable Quantitative Gigajoules (GJ) RT-IG-130a.3 NF8
    (page 146)

    1) The page numbers refer to the PDF version of the Annual report

  • Employee H&S
    Accounting metric Category Unit of measure Code Note in the Annual report 20221)
    (1) Total recordable incident rate (TRIR) Quantitative Rate RT-IG-320a.1 NF7
    (page 144–145)
    (2) fatality rate Quantitative Rate RT-IG-320a.2 NF7
    (page 144–145)
    (3) near miss frequency rate (NMFR) Quantitative Rate RT-IG-320a.3 NF7
    (page 144–145)

    1) The page numbers refer to the PDF version of the Annual report

  • Fuel Economy & Emissions in Use-phase
    Accounting metric Category Unit of measure Code Comments
    Sales-weighted fleet fuel efficiency for medium and heavy-duty vehicles Quantitative Gallons per 1,000 ton-miles RT-IG-410a.1 Sandvik is continually working towards reducing our products' direct emissions. Given the diversity of our products and the difference in areas of usage Sandvik does not calculate sales-weighted fuel efficiency and emissions in this way
    Sales-weighted fuel
    efficiency for non-road equipment    		 Quantitative Gallons per hour RT-IG-410a.2
    Sales-weighted fuel
    efficiency for stationary generators    		 Quantitative Watts per Gallon RT-IG-410a.3
    Sales-weighted emissions of: (1 ) nitrogen oxides (NOx) and (2 ) particulate matter (PM) for: (a) marine diesel engines, (b) locomotive diesel engines, (c) on-road medium- and heavy-duty engines, and (d) other non-road diesel engines Quantitative Grams per kilowatt-hour RT-IG-410a.4

  • Materials Sourcing
    Accounting metric Category Code Section/note in the Annual report 20221)
    Description of the management of risks associated with the use of critical materials Discussions and Analysis RT-IG-440a.1

    1) The page numbers refer to the PDF version of the Annual report

    Sandvik recognizes the potential of minerals production to bolster development and sustain livelihoods in disadvantaged regions by generating income, growth and prosperity. Related risks need to be managed adequately. As such, Sandvik condemns all activities connected to illegal or unlawful exploitation of ores in the raw material sector. It includes activities that directly or indirectly finance or benefit armed groups in conflict areas, or contribute to serious human rights violations, including child labour. Sandvik has adopted measures to manage and mitigate these risks. Read more in our updated Responsible Sourcing of Minerals Statement which since 2021 also covers sourcing of cobalt. To ensure that our products are compliant with product-related environmental legislation, we require our suppliers to provide information on whether the components provided by them contain any substance listed on the REACH list or if their products contain RoHS substances in concentration above the limit value.

Table 2. Activity Metrics

Activity Metrics
Activity metric Category Unit of measure Code Section/note in the Annual report 20221) Comments
Numbers of units produced by product category Quantitative Number RT-IG-000.A "Value-creating innovations"
(page 3–5)		 Sandvik does not report on this, topic addressed in page 3–5
Number of employees Quantitative Number RT-IG-000.B NF6
(page 140)		  

1) The page numbers refer to the PDF version of the Annual report

Annual Report 2022