Sustainability governance

Sustainability governance at SSAB is based on the company’s vision, values and Code of Conduct complemented by our governing documents. Sustainability, including climate issues, is an integral part of SSAB’s strategy. The Board of Directors has the highest decision-making authority in these matters. SSAB’s Board of Directors is collectively responsible for strategically managing climate issues and SSAB’s transformation to fossil-free company.

Organization of sustainability work

SSAB’s Board of Directors approves the Code of Conduct, as well as the sustainability strategy and monitors SSAB’s sustainability performance, including climate-related issues. The Board of Directors approves Group performance targets, including sustainability and climate-related targets. SSAB’s Group Executive Committee (GEC) is responsible for outlining the company’s strategic approach to sustainability, including adopting material topics, and monitors how sustainability is implemented in the divisions, subsidiaries and support functions. Sustainability issues are frequently on SSAB´s Group Executive Committee’s agenda to ensure the close involvement of top management.

The Head of Sustainability is a member of the Group Executive Committee and is responsible for strategy development and coordination of sustainability at Group level as well as health and safety and ethics and compliance for the Group The Head of Sustainability leads a Sustainability management team, which is a network of people with expertise in different sustainability areas, including representation from the divisions and subsidiaries, with the responsibility to coordinate and drive SSAB’s sustainability initiatives.

In the Group Executive Committee, there are several executives responsible for implementing different parts of SSAB’s fossil-free transition. For example, the Executive Vice President (EVP) and Head of Technical Development manages the HYBRIT implementation and also has a seat on the Board of HYBRIT Development AB, a joint venture aiming for fossil-free steelmaking. The EVP and Head of Sustainability manages operational initiatives towards SSAB becoming fossil free, the EVP and Head of Strategy manages SSAB’s Risk Enterprise Management process, which includes climate risks, and the EVP and Chief Financial Officer manages investments and financial matters related to climate change mitigation and adaptation.

To support work related to environmental issues, SSAB has environmental councils, which include representatives from divisions, main production sites and from SSAB’s subsidiaries, Ruukki Construction and Tibnor. In issues related to responsible sourcing, there is a procurement council, whose mission is to enhance global procurement processes and projects, and to collaborate on sustainability and continue our strong focus on responsible sourcing. In 2019, a health and safety council was established with representatives from the business, with the responsibility to coordinate, cooperate and propose policy and strategy initiatives and changes to the GEC.

SSAB links sustainability issues to compensation. For example, internal safety and SSAB's transition to becoming fossil-free are part of incentive plans for selected employee groups and top management. Individual performance targets might also include targets for emissions reductions or other sustainability related topics for selected employee groups.

At SSAB, risk management is integrated in the annual strategy process and includes the involvement of the Group Executive Committee, the Audit Committee and the Board of Directors. Sustainability risks, including climate change risks, are integrated into our Risk Enterprise Management process, which is presented to the Board annually. Read more in SR X in Financial Reports 2020. The management approaches of the material sustainability topics are described in our Sustainability Report.

Governing documents and principles for sustainability

The SSAB Way and company’s core values define who we are and how we should act. The Code of Conduct, the sustainability strategy and the governing documents at Group-level regarding sustainability, e.g., environment and safety, are our most important documents. There are also local governing documents to further elaborate on internal rules. All these documents are regularly reviewed and updated. Our sustainability governing documents are available on ssab.com.

Management systems

Management systems and action plans ensure that SSAB systematically works on critical aspects of sustainability. 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 and governing documents. Safety management systems for systematic health and safety work, according to OHSAS 18001 or ISO 45001:2018 (which will replace OHSAS in 2021), have been implemented at all production sites. Environmental and climate work take place primarily within the scope of the ISO 14001 environmental management standard and via local energy management systems.

Global compact

SSAB is a signatory to the UN Global Compact and we continually enhance our efforts to protect and respect its 10 principles, and promote its spirit within the areas of human rights, labor standards, the environment and anti-corruption. SSAB also supports the International Bill of Human Rights, ILO Core Conventions, the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.



Global Compact