Ssab Ab Class A · OMXSTO:SSAB_A
Ssab Ab Class A — ESG Presentation (February 2021)
36 slides from Ssab Ab Class A's sustainability presentation, Feb 2, 2021
Slide 1: SSAB Sustainability strategy 2020
SSAB Sustainability strategy 2020
Slide 2: A stronger, lighter and more sustainable world
A stronger, lighter and more sustainable world Together with our customers, we will go further than anyone else in realizing the full potential of lighter, stronger and more durable steel production
Slide 3: Steel is part of the solution
Steel is part of the solution ► Critical for society and new infrastructure COMMUNICATION ENERGY ► Unique material and available everywhere ► 100% recyclable without loss of quality INFRASTRUCTURE TRANSPORT
Slide 4: Steel consumption has doubled over the last 20 years
Steel consumption has doubled over the last 20 years Mtonne Steel consumption Source: worldsteel Short Range Outlook March 2018 1800 ► Increased standard of 1600 living 1400 1200 1000 ► Urbanization and 800 infrastructure 600 400 200 ► Transportation and 0 2018(f) 2019(f) 2005 2015 2000 2001 2002 20
Slide 5: Steel is the most circular material in the world
Steel is the most circular material in the world Mass of materials recycled globally ► More steel is recycled than all other materials combined 650 Million metric tonnes 600 − 100% recyclable indefinitely 550 500 − Without loss of quality 450 400 − Recycling rate above 85% worldwide 350 300 250 200
Slide 6: Recycling will not be enough
Recycling will not be enough – 50% iron ore-based steel will still be needed by 2050 2016 2050 Iron ore Recycled Recycled Iron ore metal metal 1600 Mtonnes steel 2800 Mtonnes steel
Slide 7: New sustainability strategy With the Future in Mind
New sustainability strategy With the Future in Mind
Slide 8: New sustainability strategy With the Future in Mind
New sustainability strategy With the Future in Mind
Slide 9: SSAB to become fossil free
SSAB to become fossil free 2 clear objectives SSAB to introduce fossil-free steel in the market in 2026 1 − Launch of a premium product without fossil CO2 footprint − This means no fossil CO2 emissions when producing this product, and a requirement to use fossil-free sponge iron SSAB to have leading
Slide 10: First in fossil-free steel
First in fossil-free steel ► Use better steel ► Use steel better ► Go fossil free − Reduce your footprint − SSAB steel makes − Be part of a fossil-free with low CO2 steel products lighter and value chain stronger − Be the first to offer − Reduce CO2 emissions fossil-free products in the use phase
Slide 11: Use better steel: reduce your footprint with low CO2 steel
+ Use better steel Reduce your footprint with low CO2 steel 140 SSAB’s blast furnace-based production is among 126 126 127 The indexed GWP: Ton CO2e/Ton steel product the most CO2 efficient in the world. This gives 120 117 113 115 a competitive advantage to SSAB and our customers. 106 100 100 101 10
Slide 12: Use better steel
+ Use better steel Reduce your footprint with low CO2 steel ► Environmental Product ► EcoSmart communicates ► Innovative technology, e. g. Declarations validate sustainability GreenCoat Bio-based coatings sustainable production − Emphasizing both key product − A unique, patented sustainable − SSAB i
Slide 13: Use steel better
+ Use steel better SSAB steel makes products stronger, lighter and increases productivity High-strength steels make the High-strength steels move High-strength steels save world’s highest skylift possible the roof of Friends’ Arena 30 tonnes of CO2 for Mantella A 112-meter-high skylift needs be stro
Slide 14: Use steel better: reduce CO2 emissions in the use phase
+ Use steel better Reduce CO2 emissions in the use phase ► High-strengths steels give customer CO2 savings − Steel is used in equipment with significant fuel consumption − SSAB steels make products lighter and more productive − The SSAB EcoUpgraded concept quantifies CO2 and financial savings ► High
Slide 15: Go fossil free
+ Go fossil free Be the first to offer fossil-free products Fossil-free mining LKAB will reduce energy + Fossil-free electricity + Fossil-free steel = Fossil-free value chain Vattenfall's goal is that both the SSAB will reduce CO2 emissions by SSAB customers using fossil- consumption and CO2 company
Slide 16: Hybrit – Fossil-free steelmaking
Hybrit – Fossil-free steelmaking BLAST FURNACE DIRECT REDUCTION HYBRIT would eliminate ~90% of SSAB’s total CO2 emissions 2016-2017 Pre-feasibility Study 2018-2024 Feasibility Study Pilot plant trials 2025-2035 Demonstration Plant Trials
Slide 17: Go fossil free
+ Go fossil free Be the first to offer fossil-free products ► We aim to have fossil-free steel products on the market in 2026 − Using HYBRIT technology − With selected customer partnerships TIMELINE 2020 2021 2022 2023 2024 2025 2026 Pilot phase Demo phase Oxelösund electric arc furnace Initiate par
Slide 18: Better and fossil-free steel
+ Better and fossil-free steel Target KPI Target Target Target Target 2030 Target 2040 Target 2020-21 2022 2026 2045 Lower energy Mtonnes customer 10 consumption CO2 savings 1) /Higher productivity for customers First in fossil-free Fossil-free steel milestones Pilot plant Iowa Fossil-free Raahe Lul
Slide 19: Leading sustainability performance
Leading sustainability performance ► Safety first ► Efficiency & Responsibility ► Respect & integrity − The world’s safest steel − Resource efficient operations − Zero tolerance for bribery company − Responsible sourcing and corruption − We care for each other − We are diverse and inclusive
Slide 20: Safety first
Safety first Becoming the world’s safest steel company FOUR BUILDING BLOCKS OF SAFETY Safety culture and leadership Occupational safety Occupational health Process safety management management management
Slide 21: Safety first
Safety first Becoming the world’s safest steel company Zero accidents, work-related injuries or illnesses ► Focus on preventative work − Learn from each other and share best practices − Required training for all − Risk identification, assessment, evaluation and removal processes ► Never walk by − Pe
Slide 22: Safety first: targets
Safety first Becoming the world’s safest steel company Targets KPI 2019 Target Target Target 2023 Target 2020 2021 2025 Eliminate fatalities and serious Number of fatalities (incl. contractors) 0 0 0 0 0 incidents Number of serious incidents 226 204 188 144 115 Reduce injuries and their LTIF 4.2 4.0
Slide 23: Efficiency & Responsibility: Circularity
+ Efficiency & Responsibility Circularity Our materials are used in: ► Internal recirculation • Iron- and steelmaking − Materials are recycled back into the steelmaking process, which reduces • Road construction the need for virgin raw materials • Cement industry − Landfill waste minimization • Car
Slide 24: Efficiency & Responsibility: Minimizing environmental impact
+ Efficiency & Responsibility Minimizing environmental impact ► Efficient use of raw materials and energy − Improving energy efficiency to reduce the amount of energy needed − Optimizing logistics and improved fuel economy, driving routes, load carrier capacity ► Air emissions reductions (other than
Slide 25: Efficiency & Responsibility: Resource efficient operation
+ Efficiency & Responsibility Resource efficient operation ► Greenhouse gas emissions (CO2e) − SSAB commits to reducing absolute Scope 1&2 emissions 35% by 2032 from a 2018 base-year − Science Based Target initiative (SBTi) approved CO2 reduction target for target year 2032 Scope 1&2 CO2e emissions
Slide 26: Efficiency & Responsibility: Resource efficient operation
+ Efficiency & Responsibility Resource efficient operation ► Circularity (In the Nordic production system) − Use of scrap/H-DRI (home scrap, purchased scrap and H-DRI replacing BF route iron ore pellets) − Slag utilization (BF, BOF and EAF slag) Targets 2025 2026 2030 2031 2032 Use of scrap/H-DRI 29
Slide 27: Efficiency & Responsibility: Responsible sourcing
Efficiency & Responsibility Responsible sourcing To ensure that we collaborate with suppliers who share the sustainability values described in SSAB´s Supplier Sustainability Policy ► Risk assessment ► Supplier onboarding ► Follow-up & corrective actions - Commodity managers trained - Contracts and p
Slide 28: Efficiency & Responsibility: Responsible sourcing targets
Efficiency & Responsibility Responsible sourcing Targets KPI Target Target Target Target Target 2020 2021 2025 2030 2045 Sustainable supplier base Share of new suppliers sustainability assessed 100 % 100 % 100 % 100 % 100 % (GRI 414-1) Share of total spend sustainability assessed 93 % 96 % 98 % 100
Slide 29: Respect & Integrity
Respect & Integrity Zero tolerance for bribery and corruption Code of conduct Anti-corruption Ethics Line The Code of Conduct is the SSAB has zero tolerance for Global whistleblower way we act. It forms the bribery and corruption (Ethics Line) available online basis for our ethical, or by calling a
Slide 30: Respect & Integrity: Targets
Respect & Integrity Zero tolerance for bribery and corruption Targets KPI Actual Target Target Target Target Target 2019 2020 2021 2025 2030 2045 Ensure ethical conduct in All employees have completed 91% 92% 95% 100%* 100 %* 100%* line with SSAB´s corporate the e-learning in business ethics; cultur
Slide 31: Respect & Integrity: We are inclusive and diverse
Respect & Integrity We are inclusive and diverse For us, a diverse workforce We strive for inclusion to provides a wide range of abilities, ensure the full and equal competences and experience. participation of everyone across Diversity means heterogeneity of the full spectrum of diversity our workf
Slide 32: Respect & Integrity: We are inclusive and diverse
Respect & Integrity We are inclusive and diverse Workforce Workplace Community Attract, hire and promote Develop an inclusive and Be a responsible partner and a diverse workforce for innovative workplace enhance our reputation as a the future company and employer Focus areas Focus areas Focus areas
Slide 33: Respect & Integrity: Diversity targets
Respect & Integrity We are inclusive and diverse Target KPI Target 2020 Target 2022 Target 2025 Target 2030 Target 2045 Diversity & Inclusion Women in top management positions, % 32 35 37
Slide 34: Materiality analysis 2019
Materiality analysis 2019 Prioritized aspects 1a Lower energy consumption/Higher productivity for 4a customers 5a 5b Significance to stakeholders Very Important 2b First in fossil-free steel/Eco-labeling 1 4a GHG emissions (CO2e) 6b 4b Circularity (Residuals/by-products) 7 5a Occupational Health & S
Slide 35: Materiality analysis 2019
Materiality analysis 2019 Prioritized aspects 1a Lower energy consumtion/Higher 6a Business ethics 4a productivity for customers 5a 6b Human Rights compliance 5b Significance to stakeholders Very Important 1b Longer service life for customers’ 6c Whistle blower system products 1 1c Lower weights of
Slide 36: Tuesday, February 2, 2021 First Last name
36 Tuesday, February 2, 2021 First Last name PUBLIC