Corporate governance at LKAB is based on Swedish legislation, the Swedish Code of Corporate Governance (the Code), the state's ownership policy and internal control documents.
For the company's governance, LKAB's Board of Directors has decided on our Code of Conduct and a number of policies for the operation.
Code of Conduct
LKAB's Code of Conduct is based on international guidelines and is reinforced by our values. The Code of Conduct applies to all employees and describes how we at LKAB should behave – towards each other, towards our business partners and towards the surrounding community.
LKAB will exceed our customers' current and future expectations by involving everyone in constant improvements. We will strive to achieve zero errors in everything we do, and each and every employee is responsible for the quality of their work.
Read more about our quality work.
Working environment policy
The workplaces at LKAB must be safe, secure and stimulating. All employees have and accept responsibility for their own safety and the safety of others.
Environment and energy policy
LKAB is responsible for constantly improving our energy performance, as well as preventing and minimising our impact on the environment. Our goal is an operation that is sustainable in the long term.
Read more about our environmental and energy work.
Employees and management will contribute to the development of the operation by encouraging initiative, commitment and a good work ethic. We make clear demands, as well as providing constructive feedback and ongoing skills development.
The finance policy for the LKAB Group and the Treasury Centre specifies overall goals and guidelines for the Group's finance operations. In the first instance, the policy will ensure that the Group's combined financial risks are identified, reported and, where applicable, managed in accordance with the wishes of the Board and the management.
LKAB will provide the outside world, employees and other stakeholders with a true and fair view of the company and its operations.
Human rights policy
The policy has been drawn up to support the work of effectively identifying, respecting and managing risks associated with direct and indirect human rights abuses.
Will ensure that LKAB handles insider information correctly and that insider trading does not occur.
Statement on conflict minerals
LKAB comply by the UN Global Compact, the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights. As a result, we have a responsibility not to contribute to human rights abuses, which would be the case if we handle and use products defined as conflict minerals. Through our statement, we aim to clarify our stance on conflict minerals and explain our attitude and ambition to our employees, suppliers and customers.
Since 2002, LKAB has been certified according to the international quality standard ISO 9001.
The system is computerised and means that information is easily available to the whole of LKAB's organisation. It helps us to focus on overall quality and constant improvements in our operation.
The business system contains procedures, instructions and descriptions of various kinds. These can be saved, searched through and amended in a safe, structured and uniform way, thereby helping to improve efficiency within the company.
Environmental and energy management system
LKAB has an energy and environmental management system that is integrated with the company's quality management system. This is certified in accordance with ISO 50001:2011 and ISO 14001:2015.
Occupational health and safety management system
Since 2018, LKAB has an occupational health and safety management system that fulfils the requirements of OHSAS 18001:2007 with respect to development, manufacturing and marketing of upgraded iron ore products for ironmaking and other closely related products and services that support the groups core business.