TCFD reporting
As of 2022, we report in accordance with the Task Force on Climate-related Financial Disclosures (TCFD). Sandvik also reports in accordance with the SASB reporting standard and Global Reporting Initiative, GRI.
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Governance
Organization's governance around climate-related risks and opportunities.
Governance area
Page in the PDF version of the Annual report 2023 The board's oversight of climate-related risks and opportunities
50–51, 61 Management's role in assessing and managing climate-related risks and opportunities
52–53, 58–59, 61
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Strategy
The actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning where such information is material.
Strategy area
Page in the PDF version of the Annual report 2023 Climate-related risks and opportunities the organization has identified over the short, medium and long term
59–60, 5, 7
Impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning
59–60, 5, 7, 13
Resilience of the organization’s strategy under different climate-related scenarios, including a 2°C or lower scenario
59
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Risk management
How the organization identifies, assesses and manages climate-related risks.
Risk management area
Page in the PDF version of the Annual report 2023 Organization’s processes for identifying and assessing climate-related risks
58–59, 61–64, 17 Organization’s processes for managing climate-related risks
58–59, 61–64, 17
How processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management
58–59, 61–64, 17
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Metrics and Targets
Organization's governance around climate-related risks and opportunities.
Metrics and Targets area
Page in the PDF version of the Annual report 2023 Metrics used to assess climate-related risks and opportunities in line with its strategy and risk management process
7, 13, 148–152 Scope 1, Scope 2 and if appropriate, scope 3 Greenhouse gas (GHG) emissions and the related risks
7, 13, 148–152
Targets used to manage climate-related risks and opportunities and performance against targets
7, 13, 148–152