Business model

Inputs – what we use to create value

Employees
Sandvik utilizes the expertise and experience from our employees, together with insights from close collaboration with customers and suppliers, to develop innovative products and solutions.

Innovation
Sandvik has research and development, and product development at its core, which we use to drive sustainable innovations. We always strive for technology leadership and successful partnerships.

Resources
Energy, raw materials, and components are essential for Sandvik production, and we continuously focus on resource efficiency to minimize the environmental footprint and drive productivity.

Social
We actively engage in the communities where we operate, benefiting our employees and society.

Business activities – how we operate

Operations
Sustainability integrated into operations lead to resource efficiency, cost saving, and improved risk management.

• Lean manufacturing, waste minimization, and energy efficiency improve operational performance and reduce environmental impact, while supporting a circular economy.
• Leveraging technology and digitalization for improved transparency and data driven decision making.
• Our governance framework, The Sandvik Way, and our Code of Conduct enables responsible business of sustainability topics in the value chain.

Outputs – what we deliver and how we create value

Sandvik develops world-leading products and solutions designed for improved productivity, efficiency, and sustainability.

We deliver equipment, such as drill rigs, rock drilling tools and systems, load and haul machines, tunneling equipment, continuous mining and mechanical cutting equipment, crushing and screening equipment, parts and services, mine planning software, and ground support for the mining and infrastructure industries.

Sandvik is a leader in electric and autonomous mining equipment. Electric mining equipment reduces CO2 emissions, heat and noise. Autonomous mining equipment enables remote fleet control which removes operators from hazardous areas and increases their safety.

Eco-efficient rock processing equipment reduces the energy used per ton of material crushed at the customer site and extends service intervals. The grinding phase is very energy consuming. By working close to customers to optimize comminution circuits, Sandvik can reduce the material size from the crushing plant. Replacing grinding by fine crushing is up to ten times more energy efficient compared to conventional grinding.

Sandvik offers leading solutions for the component manufacturing industry, with engineering, automotive and aerospace as its major customer segments. Our tools and tooling systems for metal cutting and our manufacturing software make component manufacturing more productive, energy efficient and less resource intensive. We aim to optimize, automate and connect the component manufacturing value chain, from design and planning to preparation, production and verification. Circularity includes all parts of the product lifecycle, from design and sourcing to use, and resource recovery.

We create economic value for society through revenues, taxes and wages. Community engagement projects contribute to local economies and communities.