LKAB's task is to make use of Sweden's iron ore resources in a responsible manner and to ensure sustainable competitiveness and long-term value creation. The sustainability work is consequently central to our business strategy.
Identifying and acting on risks and opportunities that affect LKAB's competitiveness and the confidence of our stakeholders is decisive for our success. By taking responsibility for our impact throughout the value chain, we strengthen LKAB's contribution to social development, people and the environment.
Since 2012, we have been working with four target areas for sustainability:
- Attractive LKAB
- Attractive communities
- Responsible operations
- Resource-efficient production
Materiality analysis for sustainable development
An open dialogue with stakeholders and a wide-ranging analysis of the outside world provide the basis for which issues LKAB needs to work on in order to achieve sustainable mining. The materiality analysis maps the issues that impact on LKAB's business and that we have the capacity to influence. The material issues also form the basis for our sustainability reporting.
LKAB conducts a materiality analysis every two years. This can include an analysis of the outside world, in-depth interviews, workshops and questionnaires, where representatives have the opportunity to communicate which issues are important from their perspective.
There are many other sustainability issues that are also of importance for sustainable development, but the results provide an indication of the aspects where LKAB has the greatest potential and the most responsibility to monitor, govern, notify and communicate risks and opportunities. We have also mapped our operations in relation to the UN's sustainability goals, set out in Agenda 2030, in order to see how we are contributing to the global work.
You can find our latest GRI report in the annual and sustainability report.