Sustainability targets: Our offerings

Sandvik Machining Solutions

– Introduction of new products, produced by sustainable processes, providing longer tool life and increased productivity for the customer

– Digitalization of our customer offering

1) New Sales Ratio in the range of 30–40%

2) New Filing Ratio 30–35%

1) New Sales Ratio = 25%

2) New Filing Ratio = 33%

1) New Sales Ratio in the range of 30–40%

2) New filing Ratio 30–35%

3) Increase recycling rate in products

– Increase ratio of reused and recycled products

– Offer productivity programs to our customers

– Integrate sustainability into product development

– Sustainable Business is fully integrated in our way of thinking and acting with a strong focus on customer solutions. We have a strengthened position within the area of Innovation and Productivity where we develop world-leading efficient customer solutions. We have a strengthened position and utilization of our ability to provide a recycling offering (use, reuse and recycle). We drive sustainable innovation to create value for Sandvik and our customers. We drive sustainable efficiency through digitalized solutions.

Sandvik Mining and Rock Technology

– Renewal of Sandvik’s patent portfolio

1) Maintain a healthy trend of New Filing Ratio (share of patents filed the last five years as % of the total portfolio). Target New Filing Ratio: 41%

1) New Filing Ratio: 39.2%

1) Maintain a healthy trend of New Filing Ratio (share of patents filed in the last 5 years as % of the total portfolio). Target New Filing Ratio: 41%

– Ensure invention production in focus areas through Invention Mining workshops and impactful patenting through patent board operations. Develop strategic patent portfolio management and continue carrying out portfolio reviews for all divisions.

– Drive innovation through new and patented solutions to create value for Sandvik and customers.

Sandvik Materials Technology

– Product stewardship

– Energy efficiency

– Energy transition

1) All divisions to have a minimum of one completed Life Cycle Analysis (LCA) developed and presented to selected customer.

2) Market introduction of two new products or applications supporting energy efficiency and green energy transition.

3) Develop a minimum of two business cases for materials used in emerging energy applications.

1) LCA process further developed and implemented. LCA reports presented to customers and included in business development discussions.

2) Multiple products launched that support energy efficiency and green energy transition, e.g. Kanthal ceramic Superthal® heaters and Strip Hiflex® for acoustic Stirling linear motor used in a cryogenic cooling super conductor.

3) Multiple business cases developed in areas of hydrogen society and sustainable service offerings.

1) All divisions to have the capabilities to present Life Cycle Analysis to selected customers.

2) Market introduction of new products or applications supporting energy efficiency and green energy transition.

3) Develop business cases for materials or applications used in emerging energy applications.

– Continuously develop and update process for product Life Cycle Analysis.

– Ensure sufficient share of R&D portfolio covering energy efficiency and green energy transition products or applications.

– Life Cycle Analysis information available for a substantial part of our products.

– A growing share of products and applications supporting energy efficiency and green energy transition.

– Research portfolio with a substantial part in products and applications supporting energy efficiency and green energy transition.

Sandvik Mining and Rock Technology

– Cyber security strategy

1) Cyber security strategy created and communicated across business area, focus being on product safety and liability prevention.

1) Draft strategy being implemented, execution started in business unit Automation.

1) Manage Cyber Security for equipment in other divisions

– Execute strategy in remaining equipment divisions.

– Cyber security strategy fully implemented across SMRT.

Sandvik Mining and Rock Technology

– Environmental regulations development roadmap

1) A common environmental roadmap for the business area and focus on future environmental regulations.
 

1) Roadmap created. Draft of environmental regulations.

1) Ensure compliance within environmental regulations area for products.

– Review overall standards and directives quarterly and select strategic standardizations.

– Environmental regulations roadmap created and communicated.

Sandvik Materials Technology

– Product stewardship

– Recycling

1a) Increase the share of sea and rail transports, and decrease the share of air transports.

1b) Introduction of conventional packaging material recyclable at customer.

2) Feasibility review of potential recycling opportunities on business area product offering.

3) Develop proposal for method and ECO-labeling to implement on applicable products.

1a) Increased share of sea and decreased share of air transports compared with full year 2017.

1b) Mapping initiated of possible recyclable solutions.

2) Opportunity identified and customer dialogue initiated for possible direct circular business.

3) Development of external reporting of circularity in products initiated. Screening of established methods for ECO-labeling performed. Multiple options exist, but none with good match to SMT products.

1a) Increased share of sustainable transports.

1b) Introduction of conventional packaging material recyclable at customer.

2) Feasibility review of potential recycling opportunities on business area product offering.

3) Develop proposal for sustainability labeling to implement on applicable products.

– Continued focus on rail transport opportunities to Asia.

– Investigate potential reuse of tailored material holding solutions.

– Initiate project to evaluate established methods and processes within Sandvik and other relevant companies.

– External benchmark and market research of available and established methods for sustainability labeling.

– Offer sustainable packaging, transportation and distribution for substantial part of our products

– Offer customers sustainable recycling routes of our material

– Global and established ECO-labeling for a substantial part of energy efficiency classified products.