Governance

 

The Board of Directors is responsible for the stewardship of the company and for ensuring that appropriate corporate governance structures and systems are in place. Sustainability is addressed at each Board and Group Management meeting, and in local management meetings. However, day-to-day responsibility is decentralized to each Business Unit.

 

Sustainability topics and their boundaries

Boliden has identified sustainability topics that can affect its business model – both positively and negatively – by studying the business environment, stakeholder engagement and sustainability trends. A direction is set for each of the defined topics. The topics are managed and controlled in Boliden’s operations. The sustainability topics are embedded throughout the organization and approved by Group management. At Boliden, a ‘sustaina­bility topic’ is an issue that reflects Boliden’s economic, social and environmental impact, as well as issues that can affect assessments and decisions made by the stakeholders.

Identifying sustainability topics

Sustainability topics for Boliden are based on Boliden’s business model, taking into consideration risk and opportunities such as business intelligence and risk mapping, as well as applicable requirements and expectations such as:

• Stakeholder expectations

• Current and potential legislative trends

• ISO 9001, 45001, 14001 and 50001 standards

• Gold Supply for the LBMA Good Delivery list

• GRI Standards (Global Reporting Initiative)

• UN Sustainable Development Goals (SDGs)

• UN Global Compact

Boliden regularly consults selected stakeholder groups on its sustainability performance from a broader perspective. These stakeholders are asked to comment on Boliden’s performance in order to drive further improvement.

Boliden’s stakeholders

Stakeholder dialogue is an important part of living up to Boliden’s values as a responsible and sustainable company. Stake­holders are defined as groups of people that can be significantly affected by Boliden’s operations. Each group is consulted in order to identify significant sustainability topics for Boliden.

Stakeholders have different views and expectations of Boliden. The way in which Boliden’s activities relate to the SDGs, to other societal trends and expectations, and to the views expressed internally within the company and in contact with representatives of other stakeholders have all provided important input for the process of defining sustainability topics.


Boliden’s Stakeholder groups

Sustainability topics

Dialogue and activities

Employees

– Health and safety
– Development plans
– Compensation and benefits
– Climate

– Employee survey
– Workers councils
– Yearly Appraisal
– Climate program and internal dialogue

Society

– Local communities
– Land use
– Resettlement and closure planning
– Rights of indigenous people
– Climate
– Biodiversity

– Public meetings
– Dialogue in application processes for permits
– Citizens dialogue rehabilitation planning
– Dialogue as part of project development
– Dialogue during operation
– Engaging with local communities and indigenous peoples

Market

– Financials
– Health and safety
– Climate

– Customer visits
– Dialogues with banks
– Low-carbon metals

Capital markets

– Financial performance
– Risks
– Climate
– Business ethics

–Investor meetings
– Investor Relations days
– TCFD reporting
– ESG rating

Suppliers

– Business ethics
– Human rights
– Compliance

– ESG Supplier assessments
– Site visits
– Audits

Environment

– Emissions to air
– Discharge to water
– Land use

– Measurements and follow up

– Studies with universities

– Preventive actions to avoid impacts on air, land and water

Boliden and the Sustainable Development Goals

Many of Boliden’s sustainability topics are related to specific SDGs. Boliden supports all the SDGs, but has identified the most important goals to its business to show how it contributes to cross-sector international efforts to solve global development issues. Boliden’s work toward these goals has a positive impact on its ability to ­become a world-class metals company and a sustainable first link in metal value chains.

 

Boliden’s most relevant and prioritized SDGs are:

SDG 8 – ­Decent work and economic growth
Boliden promotes sustained, inclusive and sustainable economic growth, productive employment and decent work for all, including in rural communities where most of its mines are located.

 

SDG 12 – ­Responsible consumption and production
Boliden’s operations produce metals efficiently and with comparatively low-carbon footprint. Some processes create value from societal waste and secondary materials to contribute toward the circular economy.

     

SDG 13 – ­Climate ­action
Boliden is working to reduce its climate impact and to constantly maintain and improve low-carbon footprint on its metals.

 


Boliden also considers SDG 5 (Gender equality), SDG 14 (Life Below Water) and SDG 15 (Life on land) to be relevant to its business.



102–47 List of sustainability topics that are manage in order to create trust, enables strategy or to create value.