General disclosures and Management Approach

Boliden Group's sustainability reporting is prepared in accordance with the G4 Sustainability Reporting Guidelines, including the Mining & Metals Sector Supplement. We currently report in accordance with ‘Core’ application level, which represents a balanced and reasonable presentation of our organisation’s economic, environmental, and social performance. The 2016 reporting is composed of two units: one that is integrated into the 2016 Annual Report and which discloses how Boliden works and performs in relation to a set of prioritised sustainability issues, and one that reports our impact and results in accordance with the GRI reporting framework. The sustainability information for 2016 has been subjected to a limited review by Deloitte AB; see the limited assurance statement on page 104 of the Annual Report.

 

G4-13/18/23Boundaries and Limitations of the report

The information contained in this report, with the exception of environmental performance data, covers facts and figures from Boliden’s eleven business units, from the Group’s head office and various staff functions, and from its sales offices. Environmental performance data are limited to Boliden’s eleven operational business units (as they represent Boliden’s significant environmental impact). The Kevitsa mine, located in Finland, which Boliden acquired in June 2016, is with minor exceptions, integrated in the GRI reporting. The Noralf aluminium fluoride operation at Odda was divested during the fourth quarter of 2016 and has been excluded from GRI reporting from that time. With the exception of what is described above, there have been no significant changes in the mining and smelting operations, in the supply chain, or in the capital structure and capital formation.

Accounting Principles

The financial data is drawn from Boliden’s audited annual accounts. The Boliden Group reports in Swedish kronor (SEK). Each operation has an environmental reporting manual that defines and describes measurement and calculation methods in line with Group directives. Environmental data, including energy-related data, is collected on a monthly, quarterly or annual basis and consolidated at Group level. Calculation methods for direct CO₂ emissions are stipulated by national legislation, and in connection with the EU emissions trading scheme. All other emissions have been measured, and/or calculated on the basis of periodic measurements. More detailed measurement techniques, calculation methods and assumptions are reported in connection with relevant indicators.

Management Approach

Sustainability is an integral part of Boliden’s strategy and operations. The basis for the sustainability work is that all operations are conducted in accordance with legislative provisions and permits in the countries in which the Group operates. Boliden’s ambitions are, however, significantly greater than this and the Group works proactively by formulating goals and guidelines that are fundamental to its operations from a sustainability point of view. In order to systematically control and develop Boliden’s operations, management systems have been implemented to ensure that significant sustainability aspects of the operations are covered, making it possible to minimise the risks associated with mining and metal production. Boliden’s way of working also facilitates adaptation to market conditions and preferences, and ensures compliance with future legislation. Boliden became a signatory to the UN Global Compact in 2012, and we continually enhance our efforts to protect and respect its principles and promote its spirit. The identification and prioritising of the Group’s sustainability efforts are based on the overall strategy and vision, the impact of the operations and the company’s goal of being the first sustainable link in the metals’ value chain and achieving operational efficiency. Boliden prioritises sustainability issues that:

• Directly impact Boliden’s success

• Directly impact Boliden’s stakeholders

• Are fundamental to Boliden’s ability to operate

• Boliden is able to control

This approach enables Boliden to set relevant goals, to track and improve performance. Boliden has identified the following sustainability priorities:

• Creating a safe workplace

• Achieving diversity and a more even gender distribution among employees

• Securing tomorrow’s skill pool

• Minimising the negative impact on soil, air and water

• Using resources efficiently

• Responsible reclamation and nature protection

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