Double materiality assessment
Sandvik has performed a double materiality assessment (DMA) to determine material topics.
The double materiality assessment was performed supported by the topics included in the CSRD (Corporate Sustainability Reporting Directive) and GRI (Global Reporting Initiative) as well as the dependence on natural, social, and human resources. The impact assessment includes positive, negative, actual, and potential impacts. The mapping and understanding of impacts were primarily centered on the value chains where impacts were deemed most likely to occur.
Read more about the materiality assessment in the annual report
Material topics
- Affected communities
- Biodiversity and ecosystems
- Business conduct
- Climate change
- Equal treatment and opportunities for all
- Health and safety
- Pollution & air pollution
- Recycled input materials
- Reconditioning and refurbishment
- Waste
- Water and marine resources
- Workers in the value chain
A topic is material if the company has an actual or potential significant impact on people or the environment connected to the topic. A topic is also material if it triggers financial effects on the company that are likely to influence its future cash flow. The changes in material topics from last year include the addition of biodiversity and ecosystems, water and marine resources, as well as pollution and air pollution. .
Stakeholder dialogues
Sandvik has identified a range of stakeholders who are anticipated to be impacted by the company or have the potential to influence Sandvik, with customers, employees, and investors as the most significant among them..