TCFD reporting
As of 2022, we report in accordance with the Task Force on Climate-related Financial Disclosures (TCFD). Sandvik also reports in accordance with the SASB reporting standard and Global Reporting Initiative, GRI.
Governance
Organization's governance around climate-related risks and opportunities.
|
Governance area |
Page in the PDF version of the Annual report 2021 |
|---|---|
|
The board's oversight of climate-related risks and opportunities |
56–57, 68 |
|
Management's role in assessing and managing climate-related risks and opportunities |
57–58, 64, 68–70 |
Strategy
The actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning where such information is material.
|
Strategy area |
Page in the PDF version of the Annual report 2021 |
|---|---|
|
Climate-related risks and opportunities the organization has identified over the short, medium and long term |
65–67, 5, 8–9 |
|
Impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning |
65–67, 5, 8–9, 10–11 |
|
Resilience of the organization’s strategy under different climate-related scenarios, including a 2°C or lower scenario |
A scenario analysis will be performed during 2022 |
Risk management
How the organization identifies, assesses and manages climate-related risks.
|
Risk management area |
Page in the PDF version of the Annual report 2021 |
|---|---|
|
Organization’s processes for identifying and assessing climate-related risks |
64, 68–70 |
|
Organization’s processes for managing climate-related risks |
64, 68–70 |
|
How processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management |
64, 68–70 |
Metrics and Targets
Organization's governance around climate-related risks and opportunities.
|
Metrics and Targets area |
Page in the PDF version of the Annual report 2021 |
|---|---|
|
Metrics used to assess climate-related risks and opportunities in line with its strategy and risk management process |
7, 14–16, 146–149 |
|
Scope 1, Scope 2 and if appropriate, scope 3 Greenhouse gas (GHG) emissions and the related risks |
7, 14–15, 146–147 |
|
Targets used to manage climate-related risks and opportunities and performance against targets |
7, 11, 146–149 |