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Sandvik and sustainability

We fulfill and also try to exceed existing environment requirements, and always strive to fully address any concerns regarding the impact of our activities. At the same time as we pursue a long-term strategy for profitable growth, we are also committed to conducting business in an ethical way.

The economic, environmental and social responsibilities are integral parts of our business plans and decision-making processes. Sandvik's sustainable development is driven by a commitment to keeping these considerations in balance

Economic responsibility

Sandvik will contribute to sustainable economic development by maintaining long-term customer value, profitability and shareholder return while practicing good business ethics.
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Environmental responsibility

Environmental considerations are a key element in all our operations. We always strive to prevent or minimize the harmful effects of our operations on the environment. In fact, many of our products help our customers reduce their environmental impact in a wide variety of industry segments.
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Social responsibility

Social responsibility is of special importance to us as a global company. For Sandvik, the most important aspect in this regard is to take responsibility for our employees and their work environment.
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Conforming to good business ethics means practicing sound corporate governance and formulating clear policy statements for our employees. In 2004, the Sandvik Board decided to revitalize the Code of Conduct.

Extensive efforts were devoted to training our employees in sustainability and business ethics. At a large number of seminars worldwide, about 400 managers and senior executives from all of our markets and business areas discussed Sandvik's core values and the content of our Code of Conduct. The process was highly appreciated internally and the level of commitment was high.
The information campaign then continued in various stages, and by the end of 2009, about 35 000 employees in the Group had been trained on Sandvik's Code of Conduct.

The Code of Conduct, which is part of Sandvik's common platform, The Power of Sandvik, is based on the OECD Guidelines for Multinational Enterprises, the UN's Universal Declaration of Human Rights and the ILO's Declaration on Fundamental Principles and Rights at Work.

To read more about Sandvik and sustainability, please download the sustainability report and GRI index (links).