NF12 GRI index

GRI Content Index

Statement of use: GRI 1 used

Applicable GRI Sector Standards: Sandvik has reported in accordance with the GRI standards for the period 2023.01.01–2023.12.31

GRI 1: foundation 2021: N/A

GRI 2: General Disclosures 2021

The organization and its reporting practices

Standard and disclosure		Page	Comments
2-1	Organizational details	Our share Corporate Governance Report G1 Significant accounting principles G3 Categories of revenue
2-2	Entities included in the organization’s sustainability reporting	Group total G1 Significant accounting principles P12 Shares in Group companies Non-financial notes
2-3	Reporting period, frequency, and contact point	Group total NF1 About this report
2-4	Restatements of information	NF1 About this report
2-5	External assurance	External auditor NF2 Stakeholder dialogues Assurance report Annual General Meeting

Activities and workers

Standard and disclosure		Page	Comments
2-6	Activities, value chain, and other business relationships	About Sandvik Operations Group total Sustainability governance G28 Supplementary information – financial risk management P12 Shares in Group companies
2-7	Employees	NF6 Employees	iii and e) Information unavailable/incomplete We lack a Group-wide system for collection of number of non-guaranteed workers.
2-8	Workers who are not employees	NF6 Employees	Entire disclosure 2-8 not applicable. Sandvik does not have a significant portion of workers who are not employees.

Governance

Standard and disclosure		Page	Comments
2-9	Governance structure and composition	The Sandvik Way Ownership structure and AGM Board of Directors – Members Board Committees Board of Directors – Members Group Executive Management – Members Sustainability Governance – Overview NF6 Employees
2-10	Nomination and selection of the highest governance body	The Sandvik Way Ownership structure and AGM Board Committees Sustainability Governance – Overview
2-11	Chair of the highest governance body	Board of Directors
2-12	Role of the highest governance body in overseeing the management of impacts	Board of Directors Sustainability Governance – Overview
2-13	Delegation of responsibility for managing impacts	Sustainability Governance – Overview
2-14	Role of the highest governance body in sustainability reporting	Board of Directors Sustainability Governance – Overview
2-15	Conflicts of interest	Ownership structure and AGM Board Committees Board of Directors – Members Group Executive Management – Members NF3 Code of Conduct NF5 Compliance
2-16	Communication of critical concerns	Corporate Governance Report	Not disclosed, due to confidentiality.
2-17	Collective knowledge of the highest governance body	Sustainability Governance – Overview
2-18	Evaluation of the performance of the highest governance body	Board of Directors Sustainability Governance – Overview
2-19	Remuneration policies	Group total Board of Directors G4 Personnel information and remuneration of management
2-20	Process to determine remuneration	Group total G4 Personnel information and remuneration of management
2-21	Annual total compensation ratio	G4 Personnel information and remuneration of management

Strategy, policies and practices

Standard and disclosure		Page	Comments
2-22	Statement on sustainable development strategy	Letter from the CEO
2-23	Policy commitments	The Sandvik Way Contribution to the Sustainable Development Goals Code of Conduct Compliance Human rights Employees Environment, Health and Safety Sustainable supplier management Community involvement	ii) Information incomplete/unavailable. Due diligence is not one single defined process but part of many different polices and procedures across Sandvik and an integrated part of the Sandvik Way.
2-24	Embedding policy commitments	The Sandvik Way Nomination committee Board of Directors – Members Sustainability Governance – Overview Contribution to the Sustainable Development Goals Code of Conduct Compliance Human rights Employees
2-25	Processes to remediate negative impacts	Sustainability Governance – Overview Materiality assessment Contribution to the Sustainable Development Goals Code of Conduct Compliance Human rights Employees
2-26	Mechanisms for seeking advice and raising concerns	Sustainability Governance – Overview Materiality assessment Contribution to the Sustainable Development Goals Code of Conduct Compliance Human rights Employees NF3 Code of Conduct NF4 Whistleblowing (Speak Up) NF5 Compliance
2-27	Compliance with laws and regulations	Contribution to the Sustainable Development Goals Compliance Human rights Employees NF5 Compliance	a, b) Data unavailable/incomplete. We report on significant fines
2-28	Membership associations	NF2 Stakeholder dialogues

Stakeholder engagement

Standard and disclosure		Page		Comments
2-29		Approach to stakeholder engagement		Materiality assessment NF2 Stakeholder dialogues
2-30		Collective bargaining agreements		NF6 Employees		b) Data unavailable/incomplete. The working conditions and terms of employment of employees not covered by collective bargaining agreements are based on the Sandvik Code of Conduct and local country legislation

Standard and disclosure

Page

Comments

2-29

Approach to stakeholder engagement

Materiality assessment

NF2 Stakeholder dialogues

2-30

Collective bargaining agreements

NF6 Employees

b) Data unavailable/incomplete. The working conditions and terms of employment of employees not covered by collective bargaining agreements are based on the Sandvik Code of Conduct and local country legislation

GRI 3: Material Topics 2021

Disclosures on material topics

Standard and disclosure		Page	Comments
3-1	Process to determine material topics	Sustainability governance
3-2	List of material topics	Materiality assessment
3-3	Management of material topics	Value creation – Overview Financial and sustainability targets Sustainability shift Sustainability governance Non-financial notes

GRI 205: Anti-corruption 2016

Standard and disclosure		Page	Comments
3-3	Management of material topics	Compliance	iii) Not applicable. Positive impacts are not material.
205-1	Operations assessed for risks related to corruption	Compliance NF5 Compliance
205-2	Communication and training about anti-corruption policies and procedures	Code of Conduct NF4 Whistleblowing (Speak Up)
205-3	Confirmed incidents of corruption and actions taken	NF3 Code of Conduct NF4 Whistleblowing (Speak Up) NF5 Compliance	c) Information unavailable/incomplete

GRI 301: Materials 2016

Standard and disclosure		Page	Comments
3-3	Management of material topics	Sustainability shift Contribution to the Sustainable Development Goals Environment, Health and Safety Sustainable supplier management NF8 Environmental footprint
301-1	Materials used by weight or volume		Information unavailable/incomplete for the entire disclosure materials 2016. Data is available in some divisions but not compiled for Sandvik as a whole.
301-2	Recycled input materials used
301-3	Reclaimed products and their packaging materials

GRI 302: Energy 2016

Standard and disclosure		Page	Comments
3-3	Management of material topics	Sustainability shift Financial and sustainability targets Sustainability governance NF8 Environmental footprint
302-1	Energy consumption within the organization	NF8 Environmental footprint	c, iii and d, iii) Information unavailable/incomplete No separate data on cooling consumption
302-2	Energy consumption outside of the organization	NF8 Environmental footprint	Information unavailable/incomplete Incomplete data of energy consumption outside of the organisation.
302-3	Energy intensity	NF8 Environmental footprint
302-4	Reduction of energy consumption		Entire disclosure information unavailable/incomplete
302-5	Reductions in energy requirements of products and services		Entire disclosure information unavailable/incomplete

GRI 303: Water and Effluents 2018

Standard and disclosure

Page

Comments

3-3

Management of material topics

Sustainability shift

Financial and sustainability targets

Sustainability governance

NF8 Environmental footprint

303-3

Water withdrawal

NF8 Environmental footprint

GRI 304: Biodiversity 2016

Standard and disclosure

Page

Comments

3-3

Management of material topics

Sustainability shift

Financial and sustainability targets

Sustainability governance

NF8 Environmental footprint

GRI 305: Emissions 2016

Standard and disclosure		Page	Comments
3-3	Management of material topics	Sustainability shift Financial and sustainability targets Sustainability governance NF8 Environmental footprint
305-1	Direct (scope 1) GHG emissions	NF8 Environmental footprint
305-2	Energy indirect (scope 2) GHG emissions	NF8 Environmental footprint
305-3	Other indirect (scope 3) GHG emissions	NF8 Environmental footprint	c) Information unavailable/incomplete
305-4	GHG emissions intensity	NF8 Environmental footprint
305-5	Reduction of GHG emissions	NF8 Environmental footprint
305-7	Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions	NF8 Environmental footprint

GRI 306: Waste 2020

Standard and disclosure		Page	Comments
3-3	Management of material topics	Sustainability shift Financial and sustainability targets Sustainability governance NF8 Environmental footprint
306-1	Waste generation and significant waste-related impacts	NF8 Environmental footprint
306-2	Management of significant waste-related impacts	NF8 Environmental footprint
306-3	Waste generated	NF8 Environmental footprint
306-4	Waste diverted from disposal	NF8 Environmental footprint
306-5	Waste directed to disposal	NF8 Environmental footprint

GRI 308: Supplier Environmental Assessment 2016

Standard and disclosure

Page

Comments

3-3

Management of material topics

Sustainability shift

Financial and sustainability targets

Sustainability governance

NF9 Sustainable supplier management

308-2

Negative environmental impacts in the supply chain and actions taken

NF9 Sustainable supplier management

GRI 401: Employment 2016

Standard and disclosure		Page	Comments
3-3	Management of material topics	Sustainability shift Financial and sustainability targets Sustainability governance NF6 Employees
401-1	New employee hires and employee turnover
401-2	Benefits provided to full-time employees that are not provided to temporary or part-time employees		Entire disclosure information unavailable/incomplete No global information collected

GRI 403: Occupational Health and Safety 2018

Standard and disclosure		Page	Comments
3-3	Management of material topics	Sustainability shift Financial and sustainability targets Sustainability governance NF7 Health and Safety
403-1	Occupational health and safety management system	Environment, Health and Safety NF7 Health and Safety
403-2	Hazard identification, risk assessment, and incident investigation	Environment, Health and Safety NF7 Health and Safety
403-3	Occupational health services	Environment, Health and Safety NF7 Health and Safety
403-4	Worker participation, consultation, and communication on occupational health and safety	Environment, Health and Safety NF7 Health and Safety
403-5	Worker training on occupational health and safety	Environment, Health and Safety NF7 Health and Safety
403-6	Promotion of worker health	Environment, Health and Safety NF7 Health and Safety
403-7	Prevention and mitigation of occupational health and safety impacts directly linked by business relationships	Environment, Health and Safety NF7 Health and Safety
403-8	Workers covered by an occupational health and safety management system	Environment, Health and Safety NF7 Health and Safety
403-9	Work-related injuries	Environment, Health and Safety NF7 Health and Safety
403-10	Work-related ill health	Environment, Health and Safety NF7 Health and Safety

GRI 405: Diversity and Equal Opportunity 2016

Standard and disclosure		Page	Comments
3-3	Management of material topics	Sustainability shift Financial and sustainability targets Sustainability governance NF6 Employees
405-1	Diversity of governance bodies and employees	NF6 Employees	iii) Not applicable. Sandvik does not track information on e.g. minority or vulnerable groups
405-2	Ratio of basic salary and remuneration of women to men		Entire disclosure information unavailable/incomplete. Not possible to collect information required on significant locations of operations.