Process

SSAB conducted the last materiality analysis in 2019. Key areas were identified and prioritized during a process in which external and internal stakeholders were involved, through interviews and an online survey. The GRI principles – stakeholder involvement, sustainability, materiality and completeness – were considered throughout the process. The results from the dialogs were then evaluated in workshops with internal experts, and were then confirmed by SSAB’s Group Executive Committee. Based on this, SSAB’s key sustainability areas were defined for inclusion in the sustainability strategy.

In 2022, the materiality analysis was evaluated by the Sustainability Management Team, which includes experts from different sustainability areas. The material topics identified in 2019 remain material, but additional topics were identified for continued monitoring in terms of materiality and reporting, including water and biodiversity.

In 2023, SSAB conducted a new materiality analysis, a double materiality assessment based on both financial and sustainability. This forms the basis for an update of the sustainability strategy and upcoming sustainability report in accordance with the EU's Corporate Sustainability Reporting Directive, CSRD.