||Section/note in the Annual report 20211)
|Description of the management of risks associated with the use of critical materials
||Discussions and Analysis
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.