Our approach to Sustainability and Corporate Responsibility

Sustainability and corporate responsibility are 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.

To maintain our innovation leadership, we collaborate with customers, suppliers, and industry leaders to develop more sustainable, safe and low-carbon mining and infrastructure operations. Through innovation, particularly within automation, digitalization, and electrification, we are achieving measurable safety and environmental gains.

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.

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.

We have also developed long term 2030 sustainability goals and when we succeed, we actively contribute to the achievement of the global UN Sustainable Development Goals.

Our products and services, focused on electrification, safety, circularity, and technological development—are critical to customers´ success and for accelerating the sustainability transformation.

Epiroc is a signatory to the UN Global Compact, and we incorporate its ten principles on human and labor rights, environment and anti-corruption into our policies and way of operating. In our Code of Conduct (CoC), we have committed to conduct business responsibly in accordance with several international standards, for example the UN Guiding Principles on Business and Human Rights. All Epiroc employees must adhere to our CoC, and our business partners must comply with the Epiroc Business Partner Code of Conduct.

Sustainability is integrated in our strategic framework, ensuring that environmental, social, and governance (ESG) considerations are embedded in the decision-making processes. The areas that we see as prioritized to achieve long-term success and that bring together the most significant material topics are: Use of resources, Health and safety, People and leaders and Highest ethical standards.

 

Read more about these areas in the Annual and Sustainability Report.

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

 

For more information on policies, see Annual and Sustainability Report.

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. We measure our progress through short-term (1-year) targets and long-term (2030) goals.

 

For more information, see Annual and Sustainability Report.

Epiroc’s 2024 sustainability statement, is written in accordance with the Global Reporting Initiative Standards (GRI). The EU Corporate Sustainability Reporting Directive (CSRD) and its European Sustainability Reporting Standards (ESRS) have guided the content and structure of Epiroc’s 2024 sustainability statement. To access the latest sustainability statement and GRI index, see Annual and Sustainability Report.

Epiroc has conducted a double materiality assessment which includes:
- The organization’s impact on people or the environment in financial decision-making processes (inside-out perspective); and
- The impact from financial risks and opportunities that sustainability matters can have on the organization (outside-in perspective).
The assessment covered Epiroc’s own operations as well as our upstream and downstream value chain. See the material sub-topics below. 

A detailed sustainability governance description is included in our sustainability statement on pages 77-79, see Annual and Sustainability Report.

 

Epiroc’s Board oversees the organization, ensuring compliance with legal requirements and monitoring sustainability-related risks and opportunities. The President and CEO is responsible for achieving strategic and sustainability goals, while Group Management sets strategies and policies and allocates resources. Divisions, led by divisional Presidents, execute strategies and ensure alignment with the Group’s financial and sustainability targets. Epiroc's operational entities, led by General Managers, drive changes to meet sustainability targets, establish strategies, processes, and training, and report progress in Company Review Meetings. Group functions support and coordinate with divisions, providing policies, guidelines, tools, and instructions. Councils and internal boards ensure a unified approach, set strategies, and consolidate progress towards 2030 goals, communicating results to divisions.

 

Since 2021, sustainability targets have been part of the variable compensation plans for all members of Group Management, including our President and CEO. The outcome for each member is conditional on the tangible progress made towards fulfilling our 2030 sustainability targets, including, for example, environment, gender diversity and safety.

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

For some more reading, we gather news and recognitions that we are extra proud of here.