SSAB has many different stakeholders and they are important for the work of defining our prioritization of sustainability issues. Please refer to our Annual report for more information.
The following groups are considered as being our most important stakeholder groups:
Other stakeholders SSAB interacts actively with include the media, analysts, regulators, various research bodies and partner organizations, research institutes, universities and vocational schools.
We aim for regular and transparent interaction with our stakeholders. Transparent and continuous dialogue increases the trust in our ability to manage risks and utilize opportunities, which at the same time enhances the development of our company.
The following table lists SSAB’s key memberships by country or area.
|Area or country||Organizations|
|Globally||LeadIT – Leadership Group for Industry Transition ETC – Energy Transitions Commission, First Movers Coalition|
|Europe||Eurofer, Euroslag, Eurometal, Corporate Leadership Group (CLG)
(indirectly, through the membership of Hybrit Development AB)
|North America||American Iron and Steel institute (AISI), National Association of Manufacturers (NAM),
Steel Manufacturers Association (SMA)
Jernkontoret, Svenskt Näringsliv (Confederation of Swedish Enterprise),
|Finland||Finnish Metal Producers, Suomen ElFi (Finnish Large Electricity Consumers),
Finnish Constructional Steelwork Association, Confederations of Finnish Construction Industries,
the Federation of Finnish Technology Industries, Finnish Coal Info
SSAB’s engagement with policy- and decision makers globally, in the EU and nationally, aim to inform on the opportunities, challenges and needs connected to industrial decarbonization. Areas of specific interest to SSAB are climate policy, energy policy and industrial policy, as well as issues related to public funding and efficient permit processes. For our outreach activities in the European Union, SSAB is registered in the EU Transparency Register.
SSAB’s corporate climate policy engagement and dialog with society and decision-makers is anchored in our Code of Conduct and based on SSAB’s overall sustainability approach. SSAB’s climate targets have been approved by the Science Based Targets Initiative. This also guides our corporate climate lobbying – we support and advocate for the goals in the Paris Agreement.
Given the challenge to achieve a sustainable and business-driven transition to fossil-free operations, we will need to work and collaborate with other stakeholders, such as governments, industry associations and partners. The corporate climate policy engagement and outreach strategy is decided by the Group Executive Committee and executed by experts throughout the organization. SSAB pursues this engagement either directly, or indirectly through industry associations or other member organizations.
We are currently working on strengthening our governance around corporate climate lobbying and to develop our assessment of member associations, and our own procedure on action where our industry associations and/ or other member organizations, contrary to our expectations, would not be aligned with the Paris Agreement’s goals or our own objectives.