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Risk management

The Sandvik risk management process aims to support our business in managing and mitigating critical risks which may impact our ability to achieve our financial targets and strategic objectives.

ERM – a part of our strategic work

To effectively identify and manage risk is an important element of business success for all parts of the Sandvik business.

Sandvik has an Enterprise Risk Management (ERM) program that covers all business areas, divisions, and functions within the Group.

Read more about risk management and ERM in the Annual report

Sandvik Group key risks

Since 2022, we have complemented the bottom-up process with a strategic analysis at the Group Executive Management level to more specifically identify key risk areas that are tied to our ability to execute on our Make the Shift Strategy on the Group level.

View key risks 2023 in the Annual report