Governance

Sustainability governance at SSAB is based on our vision and values. The starting point is our Code of Conduct, which is supplemented by policy documents for key sustainability areas.

Responsibility and mandate

The Board of Directors has ultimate responsibility for sustainability and issues relating to climate change. The Board of Directors is collectively responsible for strategically managing risks and opportunities relating to climate change, including SSAB’s transition to fossil-free operations. The Board approves the Code of Conduct and the sustainability strategy, and regularly monitors the development of sustainability work, including climate-related issues. SSAB’s Group Executive Committee is responsible for developing the strategic direction for sustainability and managing climate change, including the adoption of key areas, and regularly follows up on sustainability work.

SSAB’s Head of Sustainability is a member of the Group Executive Committee and is responsible for strategy development and the coordination of sustainability issues at Group level, health and safety and business ethics. The Group Executive Committee has several members who are responsible for various aspects of sustainability work. The Chief Technology Officer, for example, is responsible for environmental issues and is leading the implementation of HYBRIT. SSAB’s Head of Sustainability is leading operational initiatives aimed at making SSAB fossil-free, and the CFO is leading the risk process that includes climate risks, as well as financial issues regarding SSAB’s transition and sustainability work. Divisional heads are responsible for driving sustainability and climate work in line with the overall business and sustainability strategy.

Sustainability commitments

SSAB is a member of the UN Global Compact. SSAB is also committed to conducting business in line with the development set out in the UN’s Sustainable Development Goals and the Paris Agreement. SSAB also supports the International Bill of Human Rights, the core conventions of the International Labour Organization (ILO), the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.

Important policy documents for sustainability:

  • Code of Conduct

  • Directive and instructions for health and safety work

  • Directive and instructions for environmental work

  • Directive and instructions for quality work

Management system

All production facilities have a management system for occupational health and safety, in accordance with ISO 45001. Environmental and climate work takes place primarily within the framework of ISO 14001, and all production facilities are certified in accordance with this standard.

Sustainability risks

At SSAB, risk management is integrated into the annual strategy process. Sustainability risks, including climate-related risks, are included in the overall risk assessment and presented annually to the Board of Directors.