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SSAB focuses on operational efficiency to ensure our operations are as sustainable as possible. SSAB works for continuous improvements to minimize emissions, aiming for material and energy efficiency, while at the same time providing our employees a safe and secure workplace with opportunities for individual, professional growth.
Contributing to the communities in which SSAB operates is an integral part of the way we do business. Acting as a responsible partner refers to how we manage risks and take responsibility for business ethics and our supply chain.
Long term, the global steel market is expected to grow 2–3% a year driven by continued GDP growth globally, greater demand from a growing middle class in emerging countries, and by the development of new applications. It is expected that emerging markets in Africa, India and Latin America will offer above-average growth rates, whereas moderate steel demand growth rates are anticipated in industrialized home market regions. In the long term, Chinese demand is expected to remain flat as Chinese economic growth shifts from being less export and infrastructure dependent to becoming more driven by domestic consumption.
Overcapacity will remain the biggest issue for the industry at large, as price pressures exert an increasing influence over the operations of all steel producers. The situation is expected to improve gradually in the years to come, driven by demand growth, a lower rate of new investments in steel capacity and possibly the structural removal of old capacity, particularly in Europe and China.
The shift from standard steels toward high-strength steels is expected to speed up during the next decade. Most steel consumers need to constantly improve the performance of their products and high-strength steels enable lighter and stronger applications. High-strength steels also enable better energy efficiency to the benefit of end users and are essential to meeting tougher environmental requirements.
Looking at specific segments, most areas are expected to see stable development in the coming years. The automotive segment has experienced positive growth recently, and the whole light vehicle industry is expected to improve even more in emerging markets. Within construction, developments have been stable, albeit at a low level, and the sector is expected to improve going forward. In mining, despite current challenges, the fundamentals of long-term demand for high-strength steels remain solid. Development in the energy sector has been impacted by low energy prices, but will be supported by growing populations and increased income per capita in the long term.
The following groups are considered as the most important stakeholder groups:
Other stakeholders SSAB interacts actively with include the media, regulators, various research bodies and partner organizations, research institutes, universities and vocational schools.
SSAB aims for regular, honest and transparent interaction with its stakeholders. SSAB actively maintains and develops its stakeholder relations and draws on information obtained from stakeholders when developing its operations, products and services. Transparent and continuous dialog increases the trust in SSAB’s ability to manage risks and utilize opportunities, which at the same time enhances the development of the company. Another aim of this dialog is to communicate the actions and measures taken within sustainability. At the same time, good communication is equally important from a stakeholder perspective so that SSAB can contribute to sustainability related assessments from suppliers and customers, investors and sustainability rating agencies.
SSAB has close collaboration with its customers in application development and technical support. SSAB actively participates in trade fairs, seminars and invites customers to site visits and to theannual Swedish Steel Prize, a competition established by SSAB in 1999 to inspire and disseminate knowledge about high-strength steel and how it can be used to develop stronger, lighter and more sustainable products.
It is important for SSAB to have engaged, competent and motivated employees to create a high-performing organization. Annual performance dialogs between employees and managers are a keyelement in following up results, providing mutual feedback and setting targets for performance and individual development. SSAB also conducts regularly personnel surveys to measure the satisfactionand engagement of employees. The survey gives everyone the opportunity to be part of the discussion and give feedback.
SSAB engages its investors and analysts in dialog to ensure that the financial markets have correct and sufficient information to determine the value of the SSAB share. The dialog includes annualgeneral meetings, financial reports, result conferences and webcasts, information on the company’s website, press releases, investor and analyst meetings, seminars and site visits. In meetings withinvestors and analysts sustainability issues are also discussed, such as SSAB’s sustainability strategy and management, safety, climate change and energy.
SSAB’s work in sustainability extends to the whole value chain and via regular meetings with suppliers and contractors and via supplier audits SSAB maintains a dialog with important suppliers on issues related to, among other things, contracts, social and environmental responsibility, quality and delivery accuracy.
SSAB actively engages with the local communities in which it operates and is often the largest employer and significant regional force. The way SSAB works with local communities has beendefined at a site level. Locally, in addition to own personnel, SSAB engages with politicians, regulators, the media and the general public, people living close to the production sites. SSAB aimsto promote sustainable development of the local communities, participates in local initiatives, and sponsors selected local activities. In many places, SSAB works closely with, and organizes events,with local universities and schools to ensure future employees.
SSAB is involved in many research projects to drive technical developments and collaborates with industry associations on many topics such as emissions trading rights, as well as dealing with negotiations on permit matters related to environmental reporting.
SSAB´s values define who we are and what we stand for, and serve as a compass for our actions and behavior. Our values guide us daily in making the right choices and doing the right thing. Our values are complemented by our policies and guidelines. The Code of Conduct, the Environmental Policy and the Safety Policy are the most important company polices. SSAB also has local policies and guidelines that complement the Code of Conduct and correspond to the challenges the company faces in different geographies. All of our policies and guidelines are regularly reviewed and updated.
SSAB’s Code of Conduct (Code) applies to everyone in the company worldwide, regardless of function, grade or standing, and is communicated to employees through e-learning. The Code is SSAB´s ethical compass and outlines guidelines for SSAB’s behavior vis-à-vis stakeholders and the market. The Code helps us translate values into action and forms the basis for our environmental and social responsibility commitments. The Code requires compliance with legislation and regulatory requirements. The provisions of the Code take precedence over all other policies in a division or at a subsidiary level and, in certain cases, may be more far-reaching than national laws and regulations. The Code is based on international standards including the UN Declaration of Human Rights and UN Global Compact Principles. The Code covers areas such as environment, health and safety, employee relations, personal integrity and business ethics. SSAB has also published a guide that summarizes SSAB´s Code and relevant policies to guide employees on how to handle business relationships and how to approach ethically challenging situations which may occur in our daily work.
SSAB is committed to creating value for our stakeholders and to building relationships based upon respect, responsibility and excellence with our employees, customers, shareholders and other business partners – and to doing so in a socially and environmentally responsible manner. SSAB is determined to be the safest steel company in the world, with the objective of achieving zero accidents, work-related injuries and illnesses. The provision of a safe and secure work environment for our employees, contractors and visitors who spend time at our sites is the highest priority. Every employee who works for SSAB has the personal responsibility to work in a safe manner every day. Working safely is a fundamental condition of employment at SSAB. Occupational safety is part of the integrated management system. Our Environmental Policy establishes the most important ambitions for SSAB’s environmental work and covers those environmental aspects which play a key role in the sustainable development of SSAB’s business. The Environmental Policy supports the day-to-day work across the organization and essentially entails the following:
Management systems and action plans ensure SSAB systematically carries out our work on critical sustainability issues. Several different management systems and tools, both developed in house and third-party certified, are used to effectively control operations in accordance with SSAB’s Code of Conduct, Safety Policy and Environmental Policy. Safety management systems for systematic health and safety work have been implemented at all production sites, including OHSAS 18001. Environmental and climate work takes place primarily within the scope of the ISO 14001 environmental management standard and via local energy management systems. Work environment -related risks and environmental risks are also covered by SSAB’s internal risk controls and internal audits. Our systems ensure that targets are set, performance is measured and progress is followed up.