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Sustainability targets

Our vision is at the core of our entire operation. In everything we do, we strive to create a stronger, lighter and more sustainable world. Sustainability is a key business driver for both us and our customers. Therefore, we put much effort into ensuring that we act in an ethical and environmentally sound way in all our operations and markets.

 

Sustainability strategy and targets

SSAB’s sustainability strategy is divided into three areas: Sustainable Offering, Sustainable Operations and Responsible Partner (Read more on p. 24). In 2017, SSAB increased the company’s ambitions for sustainability and set new objectives and targets.



Area of Sustainability strategy Sustainable offering Sustainable operations Responsible partner
Objective 10 Mtonne annual customer CO2 savings 2020 Fossil free 2045 Responsible partner
Description By using SSAB’s high-strength steels, customers can achieve CO2 savings during their end products’use-phase.

The earlier target was to reach the same CO2 savings targets by 2025, but since volumes for EcoUpgraded and Automotive Premium products have grown more than originally expected, the target was brought forward to 2020. 		Long term, SSAB will work toward a fossil-free steelmaking process through the HYBRIT initiative and by eliminating other fossil related emissions, with a goal to be fossil-free throughout our entire operation by 2045. For SSAB, having a large impact on society means taking on a large responsibility. SSAB adheres to the highest standards as a responsible partner by taking responsibility for business ethics and responsible sourcing, as well as continuously strive to improve safety, diversity and employer attractiveness.
Objectives & Targets
  • 10 Mtonne annual customer CO2 savings by 2020:
    • 8 Mtonnes of annual CO2 savings from SSAB EcoUpgraded deliveries by 2020
    • 2 Mtonnes of annual CO2 savings from Automotive Premium deliveries by 2020
  • Fossil free within the entire operation by 2045
  • At the end of 2020, SSAB will have achieved the following environmental and energy targets*:
    • Lasting reduction of 300,000 tonnes in CO2 emissions
    • Lasting reduction of 400 GWh in purchased energy
    • Lasting improvement of 50,000 tonnes in residuals utilization

    *The base year for monitoring the targets is 2014
  • Safest steel company in the world with long-term goal of zero accidents
  • Reaching an employee engagement score that exceeds the global average (measured every other year)
  • By the end of 2019, SSAB will have achieved the following gender diversity target:
    • Women holding 30% of the top management positions in the company by the end of 2019
Results in 2018
  • In 2018, the customer end-product CO2 savings totaled 9.2 Mtonnes:
    • 7.7 Mtonnes from SSAB EcoUpgraded deliveries
    • 1.5 Mtonne from Automotive Premium deliveries
  • Construction of a pilot plant for fossil-free steel production was started in Luleå, Sweden. Read more on pages 26-27
  • By the end of 2018, SSAB achieved (of the 2020 targets):
    • 272,000 tonnes or 91% of the CO2 emissions reduction target
    • 345 GWh (1,242 TJ) or 86% of the purchased energy reduction target
    • 44,000 tonnes or 88% of the residuals utilization target
  • SSAB’s lost time injury frequency resulting in an absence of at least one day (LTIF) was 6.1 (5.6), up 9% compared to 2017, despite safety having the highest priority and the extensive efforts undertaken to improve safety and the company’s safety culture
  • The Employee Engagement Index (as measured by Voice, SSAB’s global employee survey), was below the external global manufacturing norm.
    • During 2018, the focus was on executing the improvement plans following Voice 2017. The next Voice is scheduled for 2019.
  • At the end of 2018, women held 27% (27%) of SSAB’s top management positions