Our approach to Sustainability and Corporate Responsibility

Our success is based on sustainability and a strong corporate culture. Epiroc's mission is to drive the productivity and sustainability transformation in our industry.

Sustainability and corporate responsibility are truly integrated in Epiroc’s customer offerings and our business processes. We believe this to be fundamental for building a company to be well equipped to tackle future challenges and to embrace possibilities in a rapidly changing world.

We have policies and processes in place to guide our work with sustainability issues. Targets and key performance indicators have been set and are continuously followed up.

It is important for Epiroc to safeguard its reputation as a reliable and trustworthy company, and the Company believes in creating value for all stakeholders. Being a trustworthy company also encompasses a strong commitment to respecting human rights and taking a clear stance against corruption.

A major shift in the mining equipment industry is the trend towards automation, interoperability and digitalization, as part of the emergence of intelligent mining, which is focused on cost reduction, productivity increases, performance-critical technologies and safety in the mining sector. A higher level of automation reduces labor costs and health and safety risks.

We have also developed long term 2030 sustainability goals.

When we succeed, we actively contribute to the achievement of the global UN Sustainable Development Goals.

Our focus areas

The four areas that we see as prioritized to achieve long-term success and that bring together the most significant material topics are:

• We use resources responsibly and efficiently

• We invest in safety & well-being

• We grow together with passionate people and courageous leaders

• We live by the highest ethical standards

Our focus areas

Access to metals and minerals is a prerequisite for modern society to function. Our customers in the mining and infrastructure industries are playing important roles in providing society with what is needed. It is however, evident that operations must be sustainable. That means operations that use low-carbon solutions, have minimal environmental impact, and provide a good working environment in a productive and cost-effective way. Through innovation – particularly within automation, digitalization and electrification - we are achieving measurable environmental and safety gains. We work in close collaboration with our customers and other stakeholders to develop sustainable solutions.

In the shift to a new, low-carbon economy where electrification, circularity, and development of new technologies, will play an important role, our products and services will be a key contributor for our customers.

The customer journey

Epiroc is a signatory to the UN Global Compact, and we incorporate its ten principles on human and labor rights, environment and anti-corruption in our policies and approach to sustainability. We commit to address and integrate human rights in accordance with the UN Guiding Principles for Business and Human Rights. Our Code of Conduct (CoC) forms the basis for everything we do and it has been approved by the Epiroc's Board. All Epiroc employees, as well as our business partners, are expected to adhere to the CoC.

Our vision, Dare to think new, is a clear guide to what we want to achieve. We challenge our way of working, thinking and acting to find new and sustainable solutions in a rapidly changing world. We promote a creative environment where colleagues are encouraged to be entrepreneurial and collaborate across borders, i.e., inside and outside the company. We strive to attract and retain the best talent, regardless of gender, ethnicity, religion, disability, sexual orientation or age as we are convinced that inclusive and diverse teams create better results.

Policies

We have policies and processes in place to guide our work with sustainability and corporate responsibility issues. In the Epiroc Code of Conduct, we have summarized our internal policy documents related to business ethics and social and environmental performance. Epiroc Code of Conduct.

The Sustainability Policy guides us in our work with sustainability issues Epiroc Group Sustainability Policy.pdf

Targets and key performance indicators

For each focus area there are a number of targets and key performance indicators to ensure that our business stays competitive, innovative and ethically sound. The priorities are set to ensure that we can capture opportunities while at the same time reducing the risks. The areas that capture our commitments are: to live by the highest ethical standards, safety and well-being, people and leaders and responsible and efficient use of resources. For more information, see Annual and Sustainability Report.

Epiroc´s sustainability report is written in accordance with the Global Reporting Initiative (GRI) standards.

Materiality

The materiality assessment includes the most material environmental, economic, safety, human rights, labor and ethical topics that we need to manage, monitor and communicate. It is the result of internal workshops and stakeholder dialogues, taking into account emerging trends and other input.

Our current material topics are listed in the illustration below.

Culture at Epiroc

In this 2-minute video you can hear more about how customers’ sustainability agenda goes hand in hand with our innovation agenda.

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