Our 2030 Sustainability Goals in the areas of Climate, Circularity, People and Fair Play are in place to help us make the shift to a more sustainable business, which is one of our strategic objectives. The sustainability goals take a holistic approach that includes customers, suppliers and our own operations in its scope.
We report regularly on sustainability KPIs in our interim reports to ensure we are on the right track. The four goal areas have been included in the business area review process, and across the organization all divisions have developed roadmaps to achieve the goals in their most relevant areas.
Circularity goal
More than 90% circularity
Targets
Customers
- Material and resource efficiency improvement part of all development projects
- Develop business models for recycling/circularity for our customers
Operations
At least 90% material circularity for:
Suppliers
- Require 90% circularity for key suppliers
We have five enablers to reach our goals and targets.
We will drive the shift to more circular business models and use of resources, finding ways to close loops and generate new revenue streams from the processes and materials we use.
Read about our progress
Climate goal
Halve the CO2 impact
Targets
Customers
- CO2 improvement part of all product development projects
- Value proposition to our customers shall always include verified CO2 reduction potential
Operations
- Halve the CO2 footprint from our own production
- Halve the CO2 footprint for transportation of people and products
Suppliers
- Require halving of CO2 footprint from our key suppliers
We have five enablers to reach our goals and targets.
We will deliver on our commitments to reduce the impact on the climate. We are aiming to shift mindsets and outcomes in our own business, for our customers and with our suppliers to help reach our targets.
Read about our progress
People goal
Zero harm to people
Targets
Customers
- Health and safety improvements part of all product development projects
- Health and safety/risk analyses with all products and services
Operations
- Halve Total Recordable Injury Frequency Rate (TRIFR)
- All Sandvik employees to be offered health and well-being programs
- Diverse and inclusive workforce with at least one-third female managers
Suppliers
- Require health and safety improvements plan to reach Sandvik standards from key suppliers
We have five enablers to reach our goals and targets.
We aspire to the highest standards for people and we will keep stepping these standards up higher and higher. Our goal is Zero Harm.
Read about our progress
Fair play goal
Always do the right thing
Targets
Customers
- Know Your Customer (KYC) process leading to active, sustainable choices
- Increased transparency on sustainability targets and results
Operations
- Proactive and agile compliance system fully embedded in business operations
- All community involvement engagements should support Sandvik's strategy and purpose
Suppliers
We have five enablers to reach our goals and targets.
We will constantly aim higher in ethics and transparency, being a leader in playing fair and being open.
Read about our progress
