Sustainable business

As an international and responsible company, we are committed to the global sustainability agenda. We have aligned our sustainable business roadmap with both the UN Sustainable Development Goals (SDGs) as well as the Paris Agreement, e.g. through the Science-based Target Initiative (SBTi).

We have defined the UN Sustainable Development Goals (SDG) that are most relevant for  Sandvik Coromant: SDG 3 Good Health & Wellbeing, SDG 5 Gender Equality, SDG 7 Affordable & Clean Energy, SDG 8 Decent Work & Economic Growth, SDG 9 Industry, Innovation & Infrastructure, SDG 12 Responsible Consumption & Production and SDG 13 Climate Action. We demonstrate climate action and have set ambitious net zero goals across our value chain.

Through Sandvik Group, we are included in several sustainability indices and support a number of international principles and commitments. This is an important recognition of our efforts in the area of sustainable business. It also shows our customers that we are a sustainable supplier, striving to make them more sustainable as well. 

Read more here:

Sandvik Group Global Commitments

We have developed a data-driven assessment tool called Green Factory, which is used at all our manufacturing sites to monitor and assess the environmental impact of each site, covering materials, emissions, working environment, facilities and local impact. The tool has been used since 2019 and is based on a number of standards including the 17 UN Sustainable Developments Goals. All KPIs are followed up in our Environment, Health & Safety (EHS) system on a quarterly basis.

At Sandvik Coromant we are committed to identifying, preventing, mitigating, and accounting for adverse environmental, human rights and governance impacts in our own operation and supply chain. We expect the same commitment from our suppliers.

The Sandvik Supplier Code of Conduct applies to our suppliers and service providers. The latest version of the Sandvik Supplier Code of Conduct is valid from June 14, 2021. 

The Sandvik Statement on Responsible Sourcing of Minerals and Metals can be found here.

Read more here:

Supplier Management

Sandvik Coromant is committed to involving all stakeholders in our value chain to reduce emissions. At Sandvik Coromant, we have set net zero targets in our own operations by 2035 (Scope 1 and 2) and in our whole value chain by 2050 (Scope 3). We support our customers in increasing productivity, efficiency and optimisation with proven climate impact reduction. We also take responsibility within our own operations and have started the shift towards fossil-free electricity, implemented energy saving activities, and decreased our CO₂ emissions by 61% since 2019.

At Sandvik Coromant we go beyond reducing waste and aim to close the loop for all materials. We have set concrete circularity goals, i.e. to be 90 % circular by 2030, offer circular services for our customers to recondition, recycle and reuse products, and by increasing our buy-back program activity and R&D research, we are continuously contributing to resource efficiency.

All Sandvik Coromant production units are certified according to ISO 9001 Quality Management Systems, ISO 14001 Environmental Management Systems, as well as ISO 45001 Occupational Health and Safety Management Systems.

We require our suppliers to provide information on whether the components provided by them contain any substance listed on the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) list or if their products contain Restriction of Hazardous Substances Directive (RoHS) substances in concentration above the limited value.