Governance

The Board of Directors is responsible for the stewardship of the company and for ensuring that an appropriate corporate governance structure and system 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.

103–1 Explanation of sustainability topics and their boundaries

Boliden has identified sustainability topics that can affect our business model (positive and negative) by studying the business environment, stakeholder engagement and sustainability trends. For each of the defined topics a direction is set. The topics are managed and controlled in our operations. The sustainability topics are embedded across the organization and approved by Group ­management.

Identifying sustainability topics

Sustainability topics for Boliden must be 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;

  • Stakeholders’ expectations
  • Current and potential legislative trends
  • ISO 9001, 45001, 14001 and 50001 standards
  • 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 opportunities for improvement.

Boliden has identified the relevant SDGs for each of its Sustainability topics to show how its work contributes to cross-sector international efforts to solve global development issues. Boliden’s comprehensive approach to sustainability means that it supports many of the 17 SDGs through its operations. ­Collectively, these topics have a positive impact on Boliden’s ability to become a world-class metals company and a sustainable first link in metal value chains.

102–47  List of sustainability topics

IMPACT

TOPIC     

DIRECTIONS

UN SDG’S      

ECONOMIC

Financial performance

Contribute to long-term economic growth by providing metals that are important for society’s sustainable development.

8.1, 8.3

Market presence

Contribute to local employment levels, trade and industry by generating purchasing power and providing a critical base for social services.

8.3

Indirect economic impacts

Contribute to job creation indirectly or induced through subcontractors, suppliers or the effect of employees’ expenditures.

8.3

Anti-corruption

Promote and monitor compliance throughout the company by following the Code of Conduct and the Anti-Corruption policies.

16.3, 16.5

Anti-competitive behavior

Contribute to free and fair competition

16.5

Business partner Environmental, Social and Governance (ESG) assessment

Boliden shall with its business relations create a positive environmental and social impact through business relations as well as promote a transparent business partner governance. Expect Business Partners to follow the Business Partner Code of Conduct.

12.2, 12.4, 12.5, 16.2, 16.5


ENVIRONMENTAL

Circular economy

Contribute to the circular economy through recycling and by maximizing metal recovery from available raw materials.

8.4, 12.2, 12.5

Sustainable resource usage

Invest in R&D to develop new products that eliminate waste.

12.2, 12.5

Energy

Implement and maintain energy management systems to achieve energy efficiency and conserve energy.

7.2

Water

Reduce the consumption of fresh water and the discharge of used water. Maintain water management plans. Reduce the discharges of metals to water.

12.2

Biodiversity

Measure the effects from our operation on flora and fauna, to ensure there is no net loss of biodiversity, using an Environmental Impact Assessment.

15.5

Air pollution emissions

Reduce emissions to air through improved process efficiency.

14.3

Climate

Provide society with low carbon metals. Reduce carbon dioxide intensity through improved process efficiency and increased electrification with plans for a fossil free mine.

13.2, 13.3

Environmental compliance

Always meet permit values and legal requirements. No serious environmental incidents.

16.3


SOCIAL

Employment

Provide an attractive workplace.

8.8, 8.5

Occupational health and safety

Provide a safe and healthy workplace.

8.8

Training and education

Facilitate career and skill development.

4.7

Diversity and Equal Opportunity

Foster workforce diversity that reflects the local community.

5.1, 8.5

Non-discrimination

Discourage all forms of harassment and discrimination on the basis of gender, ethnicity, age, disability, religion, sexual orientation or any other factor.

5.1, 8.5, 8.8

Local Communities

Maintain good community relations and effective operations management.

11.3, 11.a

Socioeconomic Compliance

Ensure legal requirements are always met.

16b

Resettlement and Closure planning

Plan for conservation and reclamation of mining areas during their operation and end of production lifespan.

11.3, 11.4, 14.2,  15.5

Rights of Indigenous People

Promote open dialogue and long-term cooperation with Sami communities in order to mitigate the negative impacts of Boliden’s mining activities on local people and the environment.

10.2