Sustainability will be an important factor when LKAB chooses suppliers in the future. A new framework for all companies supplying LKAB will lead to more sustainable purchases. The goal is for LKAB to become a leading company in terms of sustainable procurement and to strengthen LKAB’s position as one of the world’s most resource-efficient mining companies.
LKAB has a clear approach to business integrity, based on international guidelines and conventions.
“Thanks to our size and strength, we can make a difference. That is an important responsibility that LKAB wants to take. We do this by being clear on the issue of sustainability, both to society at large and to our suppliers. Both we and our suppliers will be better with sustainability as a guiding principle. Being at the forefront in terms of international conventions and frameworks gives both us and the suppliers a competitive advantage,” says Tage Lundin, CPO, Manager Purchasing at LKAB.
Over the next few days, all active suppliers will receive a letter containing information on LKAB’s requirements. This involves, for instance, the unacceptability of child labour.
“This is a practical example of how we work to achieve our vision to be the most resource-efficient and innovative mining company in the world. We strive for sustainability in everything we do – and our suppliers are a vital factor in that work,” comments Tage.
The international guidelines are defined in the Global Compact’s ten principles , UNICEF’s “Children’s Rights and Business Principles” , the OECD’s guidelines for multinational companies and the UN’s guiding principles relating to companies and human rights .