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 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 report1) |
|---|---|---|---|---|
| (1) Total energy consumed | Quantitative | Gigajoules (GJ) | RT-IG-130a.1 | NF9 (page 146–147) |
| (2) percentage grid electricity | Quantitative | Gigajoules (GJ) | RT-IG-130a.2 | NF9 (page 146–147) |
| (3) percentage renewable | Quantitative | Gigajoules (GJ) | RT-IG-130a.3 | NF9 (page 146–147) |
1) The page numbers refer to the PDF version of the Annual report
Employee Health & Safety
| Accounting metric | Category | Unit of measure | Code | Note in the Annual report1) |
|---|---|---|---|---|
| (1) Total recordable incident rate (TRIR) | Quantitative | Rate | RT-IG-320a.1 | NF8 (page 145–146) |
| (2) fatality rate | Quantitative | Rate | RT-IG-320a.2 | NF8 (page 145–146) |
| (3) near miss frequency rate (NMFR) | Quantitative | Rate | RT-IG-320a.3 | NF8 (page 145–146) |
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 report1) |
|---|---|---|---|
| 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 report1) | Comments |
|---|---|---|---|---|---|
| Numbers of units produced by product category | Quantitative | Number | RT-IG-000.A | "Value-creating innovations" (page 2–3) |
Sandvik does not report on this, topic addressed in page 2–3 |
| Number of employees | Quantitative | Number | RT-IG-000.B | NF7 (page 143) |
1) The page numbers refer to the PDF version of the Annual report