We strive to create a stronger, lighter and more sustainable world. Sustainability is a key business driver for both us and our customers. We want to be the first to place fossil-free steel on the market by 2026 and largely eliminate CO₂ emissions in our own operations around 2030.
SSAB’s sustainability strategy has two main themes: First in fossil-free steel and Leading sustainability performance. The strategy includes goals and targets for both the short and long-term.
SSAB’s blast furnace- based production is among the most CO₂ efficient in the world. This gives a competitive advantage to SSAB and its customers.
The core of SSAB’s business is to develop and produce Advanced High-Strength Steels (AHSS) and Quenched & Tempered (Q&T) steels that are stronger than ordinary steels. This in turn helps our customers to produce lighter and stronger products, thereby reducing their environmental footprint.
SSAB works toward a fossil-free steelmaking process through the HYBRIT initiative and by eliminating other fossil related emissions, with a goal to offer fossil-free steel to the market in 2026. In cooperation with LKAB, our iron ore supplier, and Vattenfall our energy provider, we form a fossil-free value chain.
SSAB is determined to be the world’s safest steel company, with the objective of achieving zero accidents, work-related injuries and illnesses. Everyone has the right to a healthy, accident-free work environment in SSAB. We will minimize, as far as possible, health and safety risks everywhere we operate.
For SSAB, circularity is a key factor in increasing efficiency to help mitigate environmental impact. We continuously work to optimize the value of our by-products, scrap and waste, with a focus on sustainability and value creation.
SSAB has approximately 20,000 active suppliers in more than 60 different countries. Suppliers must comply both with SSAB’s standards and with international ethical, social and environmental guidelines in order to remain qualified suppliers for SSAB.
SSAB Europe is contributing to the University of Oulu’s ongoing fundraising campaign with a EUR 100,000 donation for research in technical sciences at the university. SSAB and the University of Oulu have had close cooperation since the 1980s and SSAB is currently one of the university’s key partners. These days, cooperation is particularly related to steel research, the development of new demanding steel grades and to fossil-free steelmaking.
SSAB starts a partnership with Epiroc, a leader within mining and infrastructure industry supplies, on fossil-free steel that Epiroc plans to use in its mining equipment production.
The HYBRIT-initiative driven by SSAB, LKAB and Vattenfall has now officially received support from the European Union, as one of seven innovative projects under the Innovation Fund. The project receives in total €143 million for an industrial- and commercial-scale demonstration of a complete value chain for hydrogen-based iron- and steelmaking, from mine to fossil-free steel.
Anti-corruption compliance in business is important. SSAB has implemented clear instructions for our employees in order to guide us through our daily operations and how we act in relation to business partners.
A key element of SSAB’s business strategy is to build a high-performing organization with strong employee engagement globally. SSAB will continue to work with leadership and competence development, and strive to enhance inclusion and diversity in the workforce.