Responsible business
We will ensure high standards of business conduct and responsibility are built in in our own operations through our value chain, enabled by transparency and due diligence.
At Sandvik we have a long history of responsible business conduct. This approach has played a significant role in the global success of our company.
We constantly aim higher in ethics and transparency, being a leader in playing fair and being open. Our work in this area is supported by our Code of Conduct, our risk-based compliance programs with clear policies and training as well as monitoring and assurance, complemented by our SpeakUp (whistleblowing) and investigations processes and remediation and discipline.
Our ambition is to also contribute to a responsible, sustainable value chain, collaborating with our suppliers and customers and conducting our business with honesty and integrity to meet stakeholder expectations as well as legal requirements.
High standards of business conduct
Our commitment to high standards of business conduct has been recognized by sustainability rater Ecovadis. Ecovadis is also an important tool for us in ensuring a sustainable supply chain, supporting transparency through mutual sharing of data and due diligence.
In our supplier management and procurement practices, our aim is to ensure that our own high standards are embedded. These standards include environmental, anti-bribery, trade controls, privacy, fair competition, health and safety, human rights and labour practices. Our Supplier Code of Conduct sets out our expectations and requirements, and we seek out business partners who share our values and commitments.
Our commitment to responsible sourcing is reflected in our Supplier Code of Conduct and the Sandvik Statement on Responsible Sourcing of Minerals and Metals, in accordance with the OECD Due Diligence Guidance.
Sharing best practice
We work with both our suppliers and customers on our journey to net zero and circularity and aim to support them on their own journeys. Through industry collaborations and multi-stakeholder partnerships, we drive joint standards and sharing of best practice.
The Sandvik Board of Directors has overall responsibility for our compliance programs and sustainability at Sandvik. In addition, regulatory compliance and ensuring a culture of high standards of business conduct are key focus areas of our risk management process and how we deliver on our Group strategy.
We are committed to transparency on our sustainability progress and performance. We will continue to keep pace with all relevant emerging regulation on sustainability and reporting.