Stakeholders

Key stakeholder groups

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:

  • Existing and potential customers
  • Existing and potential employees
  • Shareholders, investors and financiers
  • Existing and potential suppliers
  • Local communities near SSAB’s production sites
  • Public agencies and organizations

Other stakeholders SSAB interacts actively with include the media, analysts, regulators, various research bodies and partner organizations, research institutes, universities and vocational schools.

 

Approach to stakeholder engagement

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.


Examples of key topics discussed with stakeholders in 2021:

  • First in fossil-free steel and our sustainability performance
  • CO2 emissions and how SSAB works to reduce our carbon footprint incl. SSAB’s Science Based Target
  • HYBRIT’s progress in producing sponge iron, rolling and delivering the first fossil-free steel to a customer
  • Safety in SSAB’s operations

Memberships of Associations and National or International Advocacy Organizations

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)
 Sweden          

Jernkontoret, Svenskt Näringsliv (Confederation of Swedish Enterprise),
SKGS (Skogen, Kemin, Gruvorna och Stålet), Steel and Metal Wholesalers Association,
the Swedish Institute of Steel Construction, Swedish Mineral Processing Research
Association, Swedish Cement and Concrete Research Institute, Swedish Leadership
for Sustainable Development, Fossilfritt Sverige (Fossil-free Sweden),
Transparency International’s Corporate Supporters
Forum

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 guideline on corporate climate engagement

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.