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LKAB is striving to become one of the most sustainable mining companies in the world. In order to support this objective, we have defined a number of sustainability goals at Group level. The goals and their outcomes are presented below.

Economic sustainability

LKAB needs to be financially strong in order to be an innovative and responsible company that contributes to prosperity.

Return on equity of at least 12 percent over a business cycle.
Result: neg (neg).

Net debt/equity ratio 0–20 percent.
Result: 20.7% (4.1.)

Ordinary dividend of 30–50 percent of profit for the year.
Result: 0% (0).

Comments: In 2016 LKAB's profitability, debt and ability to pay a dividend were
negatively affected by impairment losses for Mertainen and provisions
for urban transformation.

Social sustainability

LKAB shall be a secure and attractive workplace and exert a positive influence on our business partners and our immediate environment.

Reduce accidents resulting in absence to a rate of 3.5 per million hours worked by 2021.
Result: 6.9 (6.9).

Women to make up at least 25 percent of employees by 2021.
Women to make up at least 25 percent of management by 2021.
Result: 20.6% (20.0%) and 19.5% (17.7%)

Compliance with LKAB's Code of Conduct and well-functioning dialogue with stakeholders.
Result: According to plan for 2016 (n/a)

Comments: The accident rate remains at the same level as in 2015. The most common causes of accidents are slipping and tripping. A stronger safety culture is part of the strategy for operational excellence. The percentage of women and of
female managers increased over the year. In addition, the Code of Conduct was updated and translated into six different languages.

Environmental sustainability

LKAB aims to be one of the most resource-efficient and environmentally efficient mining companies in the world.

Reduce carbon emissions by at least 12 percent per tonne of finished product by 2021 compared with 2015 and at the same time reduce emissions of nitrogen to air (NOx).
Result: 26.0 kg/tonne (27.2) and -6% (165 g/tonne).

Reduce energy intensity (kWh per tonne of finished product) by at least 17 percent by 2021 compared with 2015.
Result: 158 kWh/tonne (166)

Reduce discharges of nitrogen to water by at least 20 percent per tonne of finished product by 2021 compared with 2015.
Result:18.6 g/tonne (21.0)

Reduce emissions of particulates to air from scrubbing equipment by at least 40 percent by 2021 compared with 2015, calculated as an average for all equipment.
Result: 821 tonnes (532), 212 mg/m3 ntg (17).

Comments: LKAB aims to be one of the most resource-efficient and environmentally efficient mining companies in the world.

(Results from 2016, results from 2015 in brackets).

Read more in the Annual and Sustainability Report