What Company is This?
Sandvik was founded in 1862 in Sweden. Today, Sandvik’s operations are spread across the areas of equipment and tools, services, digital solutions, and sustainability-driving technologies for the mining and infrastructure industries. The group’s new strategy, “Advancing to 2030”, is rooted in industry-leading innovation capabilities, high customer focus, value-creating premium solutions, a skilled and engaged workforce, and flexible manufacturing. Sandvik is listed on the Stockholm stock exchange.
What Are the Results?
Sandvik is one of the companies that did not respond to outreach, despite repeated attempts to make contact — first to inform them of their inclusion in the analysis, and later to invite them to review the results. The company shares its 20% total score with Metso and Electrolux and scores 24% in the General Supply Chain Sustainability category and 15% in the Steel Supply Chain Sustainability category. The subcategories’ scores are 18% for Target-Setting and Progress, and 17% for Supply Chain Levers in the General Supply Chain category, and zero for both Disclosure and Target-Setting and Progress, but 33% for Supply Chain Levers subcategories in the Steel Supply Chain category.
What Are the Highlights?
In the General Supply Chain Sustainability category, Sandvik scores partial points for three indicators. It scores 25% for its SBTi-validated climate targets because it lacks a disaggregated interim target for the upstream value chain. The company also earns partial points for disclosing its programmes to monitor suppliers’ compliance with greenhouse gas emissions targets and other environmental impacts, including the number of suppliers that completed an in-depth sustainability assessment in 2025, and for specifying that sustainability is a factor in selecting preferred suppliers.
In the Steel Supply Chain Sustainability category, Sandvik scores points only for the last two indicators, both at 50%: its cooperation with SSAB to purchase SSAB Zero™ steel and for its certified circularity in the production of crushing components, where worn-out steel parts are collected, recycled, and reintroduced into the melting process to form new parts.
Where Can the Company Improve?
Sandvik scores zero points in the General Supply Chain Sustainability category for the indicators regarding requirements towards suppliers to set science-based targets and reporting on the share having them, requirements for water reduction targets towards suppliers, deforestation elimination, and implementation of incentives and control systems to improve water management in and eliminate deforestation from supply chains. In the Steel Supply Chain Sustainability category, no points are awarded for the indicators on disaggregation of greenhouse gas emissions from steel, targets for procuring fossil-free and lower-emission steel and reporting the share of those, targets regarding the use of recycled steel and reporting on the current share of it, and memberships with SteelZero, First Movers Coalition, and ResponsibleSteel.
