Materiality analysis

The Group Executive Management conducts a materiality analysis on a regular basis. The starting point is the sustainability agenda for the Group derived from international frameworks and institutions such as the Global Reporting Initiative (GRI), the UN Global Compact, media reports, global trends, stakeholder dialogues and our own assessment.

In late 2016, a materiality analysis was conducted for the years 2017–2019. In 2019, we developed new long-term sustainability goals that focus on our most material sustainability areas. The process involved the Group Executive Management, the business areas and divisions and was based on input from stakeholders, such as customers, shareholders and investors.

In 2020, we will undertake a new materiality analysis.

Stakeholder dialogues

We have defined a number of stakeholders who can be expected to be affected by Sandvik or have a an affect on Sandvik, of which the most significant are customers, employees and investors.

Read more about stakeholder dialogues in our Annual Report