SASB reporting
As of 2021, we report according to the Sustainability Accounting Standards Board (SASB) reporting standard for Industrial Goods and Machinery. Sandvik also reports in accordance with TCFD (Task Force on Climate-related Financial Disclosures) and the Global Reporting Initiative, GRI.
Table 1. Sustainability Disclosure Topics & Metrics
Topics in the SASB standards for industrial goods and machinery:
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Energy Management
Metric Category Unit of measure Code Note in the Annual report 20231) (1) Total energy consumed Quantitative Gigajoules (GJ) RT-IG-130a.1 NF8
(page 149)(2) percentage grid electricity Quantitative Gigajoules (GJ) RT-IG-130a.2 NF8
(page 149)(3) percentage renewable Quantitative Gigajoules (GJ) RT-IG-130a.3 NF8
(page 149)1) The page numbers refer to the PDF version of the Annual report
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Workforce Health & Safety
Metric Category Unit of measure Code Note in the Annual report 20231) (1) Total recordable incident rate (TRIR) Quantitative Rate RT-IG-320a.1 NF7
(page 147)(2) fatality rate Quantitative Rate RT-IG-320a.2 NF7
(page 147)(3) near miss frequency rate (NMFR) Quantitative Rate RT-IG-320a.3 NF7
(page 147)1) The page numbers refer to the PDF version of the Annual report
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Fuel Economy & Emissions in Use-phase
Metric Category Unit of measure Code Comments Sales-weighted fleet fuel efficiency for medium and heavy-duty vehicles Quantitative Gallons per 1,000 ton-kilometers RT-IG-410a.1 Sandvik is continually working towards reducing our products' direct emissions. Given the diversity of our products and the difference in areas of usage Sandvik does not calculate sales-weighted fuel efficiency and emissions in this way Sales-weighted fuel
efficiency for non-road equipmentQuantitative Litres per hour RT-IG-410a.2 Sales-weighted fuel
efficiency for stationary generatorsQuantitative Kilojoules per litre RT-IG-410a.3 Sales-weighted emissions of: (1 ) nitrogen oxides (NOx) and (2) particulate matter (PM) for: (a) marine diesel engines, (b) locomotive diesel engines, (c) on-road medium- and heavy-duty engines, and (d) other non-road diesel engines Quantitative Grammes per kilojoule RT-IG-410a.4 -
Materials Sourcing
Metric Category Code Section/note in the Annual report 20231) Description of the management of risks associated with the use of critical materials Discussions and Analysis RT-IG-440a.1 - NF9
(page 152-153) - "Raw materials price risk"
(page 103) - "Measurement of inventory"
(page 138)
1) The page numbers refer to the PDF version of the Annual report
- NF9
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Remanufacturing Design & Services
Metric Category Unit of measure Code Note in the Annual report 20231) Revenue from remanufactured products and remanufacturing services Quantitative Turnover (MSEK) RT-IG-440b.1 NF11
(page 155)1) The page numbers refer to the PDF version of the Annual report
Table 2. Activity Metrics
Activity Metrics
| Metric | Category | Unit of measure | Code | Section/note in the Annual report 20231) | Comments |
|---|---|---|---|---|---|
| Numbers of units produced by product category | Quantitative | Number | RT-IG-000.A | "Value-creating offerings" (page 2–3) |
Sandvik does not report on this, topic addressed in page 2–3 |
| Number of employees | Quantitative | Number | RT-IG-000.B | NF6 (page 145) |
1) The page numbers refer to the PDF version of the Annual report