103–1 Identifying significant sustainability topics
Boliden’s process for integrating and implementing significant sustainability topics into its business strategy is described in four steps:
1. Identify Sustainability topics
2. Prioritize significant topics to be part of the strategy input
3. Implement systematic sustainability work
4. Report, follow up and improve.
Boliden has an internal process designed to annually review its sustainability topics in response to its overall results, changing business requirements, changing stakeholder expectations, implementation of the SDGs, technological and scientific progress, etc. The process includes cross-disciplinary discussions and impact analysis where multiple internal experts participate. During the materiality assessment, significant sustainability topics are defined and given as an input to the Group strategy process. The significant topics are validated by Group management and the Board of Directors through the Strategy Plan and then integrated into the strategy work. The Business Areas develop activities and plans to achieve the Group’s goals.
Sustainability component of the business strategy
The identification and prioritization of the Group’s sustainability topics are based on the overall vision of being one of the leading companies in the industry in terms of development, productivity, responsibility and value creation. The topics prioritized in 2020 are grouped into three areas.
The significant sustainability areas identified in the materiality analysis