Towards an even more sustainable business
Christina Båge-Friborg, the Group's first Head of CSR, wants Sandvik to be one of the world's most sustainable companies within the next three years.
What's the strategic approach to CSR?
"It's about making sustainability a fully integrated component of our business model at all levels of the organization. Only then will sustainability become a business advantage to us. For that, we need our sustainability approach to be strategy and customer driven."
Why is sustainability important for Sandvik?
"Having a good reputation in this area helps to facilitate recruitment, strengthen customer relations and sales, as well as dialogues and interactions with our various stakeholders. It can also be a valuable differentiation factor from our competitors."
How will Sandvik become one of the world's most sustainable companies?
"A CSR Group coordinating team has been set up and local groups are being established in India and China, with more countries to follow. Representatives include EHS, Diversity and Inclusion, Strategy, Risk Management, Purchasing, Taxation and Communications, as well as representatives from across the organization.
"Other projects that have been launched in the past few months include strategy development work, a review of the Group's Code of Conduct, a review of our Supplier Code of Conduct and a review of our sourcing processes from a sustainability perspective as well as internal and external communication activities."
"Our sustainability work is based on international principles and regulations such as OECD's Guidelines and the UN Global Compact principles. With our accomplishments being measured by international indices such as the Dow Jones Sustainability Index and the FTSE4 Good index, it is therefore essential that we ensure transparent and comprehensive reporting and communication."