Epiroc : Sustainability Standards Disclosure 2023

Sustainability Reporting

Standards Disclosure 2023

Annual and Sustainability

Report 2023

1

• Global Reporting Initiative (GRI) Content Index

Epiroc's Annual and Sustainability Report 2023 has been prepared in accordance with the GRI Stan- dards. This Global Reporting Initiative (GRI) Content Index 2023 contains references to the required disclosures or reasons for omission, as well as additional data and information. The index covers activities during the calendar year 2023 and references to pages in the Annual and Sustainability Report 2023. Epiroc has chosen to report General Standard Disclosure and Disclosure of Management Approach (DMA) as an integrated part of the annual report 2023. Sustainability information in the Annual and Sustainability Report in accordance with the GRI standards has been subject to limited assurance by Ernst & Young AB.

• Task Force on Climate-Related Financial Disclosures (TCFD)

Epiroc is aligning its approach to the TCFD guidelines and reports accordingly.

All index should be read in conjunction with the Annual and Sustainability Report 2023, which is available at www.epirocgroup.com/en/investors/financial-publications

2

GRI STANDARD/ OTHER SOURCE

DISCLOSURE

LOCATION

OMISSION

Requirement(s)
omitted	Reason	Explanation

• General disclosures

GRI 2:

General Disclosures 2021

2-1 Organizational	Legal name: 62	A gray cell indicates that reasons for omission are not
details	Ownership and legal form: 74	permitted for the disclosure or that a GRI Sector Stan-
	Location of headquarters: 62	dard reference number is not available.
	Countries of operations:
	5, 106, 149-150
2-2 Entities included	149-150,156-157
in the organization's
sustainability report-
ing
2-3 Reporting period,	Reporting period: 156
frequency and con-	Date of most recent report: 7 March 2024
tact point	Reporting cycle: 156
	Contact point for questions
	regarding the report: Last page
2-4 Restatements of	157
information
2-5 External assur-	81, 157, 171
ance
2-6 Activities, value	Activities, brands, products, and services:
chain and other busi-	6-7,20-21,62-73
ness relationships	Supply chain: 169-170
2-7 Employees	Information on employees and other workers: 4,	Epiroc does not	Information	Employment
	51-56, 69, 107, 160, 169	currently report	unavailable/	contract (per-
		data by gender	incomplete.	manent or
		or region con-		temporary) and
		solidated on the		employment
		Group level.		type (full-time
				or part-time) is
				reported.
2-8 Workers who are	169	Data for the num-	Information	Employment
not employees		ber of workers who	unavailable/	contract (per-
		are not employees	incomplete.	manent or
		and whose work is		temporary) and
		controlled by the		employment
		organization is not		type (full-time
		reported.		or part-time) is
				reported.
2-9 Governance	76-85, 159	Under-repre-	Information	Epiroc does
structure and com-		sented social	unavailable/	not currently
position		groups are not	incomplete.	describe the
		reported.		composition of
				the Board by
				under-repre-
				sented social
				groups.
2-10 Nomination and	79-81, 159
selection of the high-
est governance body
2-11 Chair of the high-	76-85
est governance body
2-12 Role of the	159
highest governance
body in overseeing
the management of
impacts
2-13 Delegation of	159-160
responsibility for man-
aging impacts

3

GRI				OMISSION
STANDARD/
OTHER			Requirement(s)
SOURCE	DISCLOSURE	LOCATION	omitted	Reason	Explanation
GRI 2:	2-14 Role of the	159-160
General	highest governance
body in sustainability
Disclosures
2021	reporting
	2-15 Conflicts of	159-160, 170
	interest
	2-16 Communication	88-93,159-160, 170
	of critical concerns
	2-17 Collective knowl-	159-160
	edge of the highest
	governance body
	2-18 Evaluation of the	159-160
	performance of the
	highest governance
	body
	2-19 Remuneration	44, 79-80
	policies
	2-20 Process to	79-80
	determine remuner-
	ation
	2-21 Annual total	Ratio of remuneration for highest paid individual to	The change in pay	Information	Information
	compensation ratio	average total compensation for all employees: 169	ration from the	unavailable/	available in
			prior year is not	incomplete.	previous year's
			reported.		report.
					CEO and
					employees pay
					ratio in 2022:
					42.3
	2-22 Statement on	10-12,14-15
	sustainable develop-
	ment strategy
	2-23 Policy commit-	160
	ments
	2-24 Embedding pol-	93, 160
	icy commitments
	2-25 Processes to	50, 90-93, 170
	remediate negative
	impacts
	2-26 Mechanisms for	59, 160, 169-170
	seeking advice and
	raising concerns
	2-27 Compliance with	167-168, 170
	laws and regulations
	2-28 Membership	158
	associations
	2-29 Approach to	40-41, 158
	stakeholder engage-
	ment
	2-30 Collective bar-	169
	gaining agreements

• Material topics

GRI 3:

Material

Topics 2021

3-1 Process to deter-	43-45,157-160
mine material topics
3-2 List of material	157
topics

A gray cell indicates that reasons for omission are not permitted for the disclosure or that a GRI Sector Standard reference number is not available.

4

GRI STANDARD/ OTHER SOURCE

DISCLOSURE

LOCATION

OMISSION

Requirement(s)
omitted	Reason	Explanation

• Economic performance

GRI 3:	3-3 Management of	41, 90-92, 157, 158
Material	material topics
Topics 2021
GRI 201:	201-1 Direct eco-	39-41,62-73,96-99, 107, 111, 112
nomic value gener-
Economic
ated and distributed
Perfor-
mance
201-2 Financial impli-	43-44,88-93,166-167
2016
	cations and other risks
	and opportunities due
	to climate change
	201-3 Defined benefit	108, 126-127
	plan obligations and
	other retirement plans

• Anti-corruption

GRI 3:	3-3 Management of	58-61,159-160,169-170
Material	material topics
Topics 2021
GRI 205:	205-1 Operations	58-61, 93, 169-170	Percentage	Information	Epiroc has
assessed for risks		of operations	unavailable/	not assessed
Anti-
related to corruption		assessed is not	incomplete.	percentage of
corruption			reported.		operations.
2016
	205-2 Communica-	58-61, 88, 169-170	Epiroc does not	Information	The indicator
	tion and training about		currently report	unavailable/	is reported
	anti-corruption poli-		data by employee	incomplete,	partially. The
	cies and procedures		category and		topic is mate-
			region for this		rial for Epiroc.
			specific training,		Anti-corruption
			consolidated on		policies and
			the Group level.		procedures are
					communicated
					in the whole
					organization.
					Anti-corruption
					is included
					in the Code
					of Conduct
					E-learning
					which is avail-
					able for all
					employees
					and managers.
					Percentage of
					managers that
					completed the
					training is dis-
					closed.
	205-3 Confirmed	169-170
	incidents of corruption
	and actions taken

5

GRI STANDARD/ OTHER SOURCE

DISCLOSURE

LOCATION

OMISSION

Requirement(s)
omitted	Reason	Explanation

• Energy

GRI 3:	3-3 Management of	44-48,157-158,166-167
Material	material topics
Topics 2021
GRI 302:	302-1 Energy con-	45-47,172-173	The Epiroc Group	Information	The Epiroc
Energy	sumption within the		does not report on	unavailable/	Group reports
organization		energy production	incomplete,	and follows-up
2016
		sold.		on direct
					energy use in
					MWh.
	302-3 Energy inten-	45-46,172-73
	sity

• Emissions

GRI 3:	3-3 Management of	44-49,157-158,166-167
Material	material topics
Topics 2021
GRI 305:	305-1 Direct (Scope 1)	45-47, 156, 172
Emissions	GHG emissions
2016	305-2 Energy indirect	46-47,172-173
	(Scope 2) GHG emis-
	sions
	305-3 Other indirect	45-50, 156, 172-173
	(Scope 3) GHG emis-
	sions
	305-4 GHG emissions	172-173
	intensity
	305-5 Reduction of	45-50,172-173
	GHG emissions

.

• Supplier environmental assessment

GRI 3:	3-3 Management of	58-61, 157, 169-170
Material	material topics
Topics 2021
GRI 308:	308-1 New suppliers	58-61, 169	Data for new sup-	Information	Epiroc uses
Supplier	that were screened		pliers specifically is	unavailable/	a risk based
Environ-	using environmental		not disclosed.	incomplete.	approach and
mental	criteria				risk tools to
Assess-					identify signifi-
ment 2016					cant suppliers.
					This scoping
					can include
					new and old
					suppliers every
					year. Data for
					new suppliers
					specifically is
					not disclosed.

• Employment

GRI 3:

Material

Topics 2021

3-3 Management of	54-56, 157, 169
material topics

6

GRI				OMISSION
STANDARD/
OTHER			Requirement(s)
SOURCE	DISCLOSURE	LOCATION	omitted	Reason	Explanation
GRI 401:	401-1 New employee	54-55, 169	Number of recruit-	Information	With reference
Employ-	hires and employee		ments by age	unavailable/	to legislative
turnover		group and gender	incomplete.	reasons,
ment 2016
		is not reported.		employee
					turnover is not
					reported by
					age group or
					gender. Our
					employee
					turnover defi-
					nition include
					employees
					leaving the
					organization
					voluntarily, but
					not due to dis-
					missal, retire-
					ment, or death
					in service. Turn-
					over for new
					employees is
					not followed up
					on separately.

• Occupational health and safety

GRI 3:	3-3 Management of	51-53, 157, 168
Material	material topics
Topics 2021
GRI 403:	403-1 Occupational	52-53, 159, 168
health and safety
Occu-
management system
pational
Health and	403-2 Hazard identi-	168
Safety 2018	fication, risk assess-
	ment, and incident
	investigation
	403-3 Occupational	168
	health services
	403-4 Worker partic-	168
	ipation, consultation,
	and communication
	on occupational
	health and safety
	403-5 Worker train-	51-53, 168
	ing on occupational
	health and safety
	403-6 Promotion of	168
	worker health
	403-7 Prevention and	168
	mitigation of occu-
	pational health and
	safety impacts directly
	linked by business
	relationships
	403-9 Work-related	51-53, 168, 172-173	The Epiroc	Information	Epiroc Group
	injuries		Group does not	unavailable/	reports the
			report distinctly	incomplete.	number of
			employees and		high-conse-
			external workers.		quence injuries
			No information of		and not the rate
			work-related haz-		of these.
			ard available.		Hours of million
					working hours
					amounted to
					37.6 in 2023.

7

GRI STANDARD/ OTHER SOURCE

DISCLOSURE

LOCATION

OMISSION

Requirement(s)
omitted	Reason	Explanation

• Training and education

GRI 3:	3-3 Management of	156, 159, 170
Material	material topics
Topics 2021
GRI 404:	404-3 Percentage of	54-56,172-173	Epiroc does not	Information	Epiroc reports
Training	employees receiving		report number	unavailable/	number of
regular performance		of yearly perfor-	incomplete.	yearly perfor-
and Educa-
tion 2016	and career develop-		mance and devel-		mance and
ment reviews		opment discus-		development
			sions by gender		discussions on
			or by employee		total level and
			category.		not by gender
					or by employee
					category.

• Diversity and equal opportunity

GRI 3:	3-3 Management of	54-55,58-61, 157, 159
Material	material topics
Topics 2021
GRI 405:	405-1 Diversity of	55-56, 79, 169	Age group is partly	Legal prohibi-	Whether a
Diversity	governance bodies		disclosed at Group	tions	person belongs
and employees		level, but not for		to a minority
and Equal
		all companies.		group or not is
Opportu-
		Minority group		not reported
nity 2016
		membership is not		on in the Group
			reported on.		due to national
					legislation in
					countries of
					operation.

• Non-discrimination

GRI 3:	3-3 Management of	58-61,157-158, 170
Material	material topics
Topics 2021
GRI 406:	406-1 Incidents of dis-	58, 169-170	Corrective actions	Information	Informaation
Non-dis-	crimination and cor-		taken not dis-	incomplete.	available and
rective actions taken		closed.		will be dis-
crimination
				closed next
2016
				year.

• Supplier social assessment

GRI 3:	3-3 Management of	58-61,157-158, 169
Material	material topics
Topics 2021
GRI 414:	414-1 New suppliers	58-61, 169
Supplier	that were screened
using social criteria
Social
Assess-	414-2 Negative social	58-61,88-93,169-170
ment 201
impacts in the supply
	chain and actions
	taken

8

GRI STANDARD/ OTHER SOURCE

DISCLOSURE

LOCATION

OMISSION

Requirement(s)
omitted	Reason	Explanation

• Customer health and safety

GRI 3:	3-3 Management of	51-53, 158
Material	material topics
Topics 2021
GRI 416:	416-1 Assessment of	51-53, 168	Percentage of	Information	Percentage
Customer	the health and safety		significant product	unavailable/	of significant
impacts of product		and service cate-	incomplete	product and
Health and
and service categories		gories is not mea-		service catego-
Safety 2016
			sured on Group		ries is not
			level.		measured on
					Group level.
					Live Work Elim-
					ination project
					is described.
	416-2 Incidents of	168
	non-compliance
	concerning the health
	and safety impacts of
	products and services

9

Task Force on Climate-Related Financial Disclosures (TCFD)

Disclosure focus area	Recommended disclosure	Key locations and comments
I. Governance	a) Describe the board's oversight of cli-	Annual and Sustainability Report 2023, Corporate Governance, pages
	mate-related risks and opportunities	76-85 and Risk management, pages 88-93 and TCFD, pages 166-167
		CDP Climate Change Response 2023 (C1.1) (C1.1a-d)
	b) Describe management's role in assessing	Annual and Sustainability Report 2023, Corporate Governance, pages
	and managing climate-related risks and	76-85 and TCFD, pages 166-167
	opportunities	CDP Climate Change Response 2023 (C1.2)
II. Strategy	a) Describe the climate-related risks and	Annual and Sustainability Report 2023, Sustainability, pages 42-45 and
	opportunities the organization has identified	Risk management, pages 88-93 and TCFD, pages 166-167
	over the short, medium and long term	CDP Climate Change Response 2023 (C2.3) (C2.3a) (C2.4) (C2.4a)
	b) Describe the impacts of Climate related	Annual and Sustainability Report 2023, Sustainability, pages 42-45 and
	risks and opportunities on the organization's	TCFD, pages 166-167
	business, strategy and financial planning	CDP Climate Change Response 2023 (C2.3) (C2.3a) (C2.4) (C2.4a) (C3)
	c) Describe the resilience of the organization's	Annual and Sustainability Report 2023, TCFD, pages 166-167
	strategy, taking into consideration different	CDP Climate Change Response 2023 (C2.3) (C2.3a) (C2.4) (C2.4a)
	climate-related scenarios, including a 2C or
	(C3.2a)
	lower scenario
III. Risk	a) Describe the organization's processes for	Annual and Sustainability Report 2023, TCFD, pages 166-167
management	identifying and assessing climate-related	CDP Climate Change Response 2023 (C2.2)
	risks
	b) Describe the organization's processes for	Annual and Sustainability Report 2023, TCFD, pages 166-167
	managing climate-related risks: Risks and risk	CDP Climate Change Response 2023 (C2.2) (C2.3a)
	management
	c) Describe how processes for identifying,	Annual and Sustainability Report 2023, TCFD, pages 166-167
	assessing, and managing climate-related	CDP Climate Change Response 2023 (C1.1b) (C1.2) (C2.2)
	risks are integrated into the organization's
	overall risk management
IV. Metrics and targets	a) Disclose the metrics used by the organi-	Annual and Sustainability Report 2023, Sustainability, pages 42-45,
	zation to assess climate-related risks and	172-173 and TCFD, pages 166-167
	opportunities in line with its strategy and risk	CDP Climate Change Response 2023 (C4) (C5) (C6) (C7) (C8) (C9)
	management process
	b) Disclose Scope 1, Scope 2, and, if appro-	Annual and Sustainability Report 2023, Sustainability, pages 42-45,
	priate, Scope 3 greenhouse gas (GHG) emis-	172-173 and TCFD, pages 166-167
	sions, and the related risks	CDP Climate Change Response 2023 (C5) (C6) (C7)
	c) Describe the targets used by the orga-	We have a number of 2030 goals, included two approved Science
	nization to manage climate-related risks	Based Target (SBT) targets:
	and opportunities and performance against	• Epiroc commits to reduce absolute Scope 1 and Scope 2 GHG emis-
	targets	sions 50% by 2030 from a 2019 base year.
		• Epiroc commits to reduce absolute Scope 3 GHG emissions from use
		of sold products by 50% over the same timeframe.
		We also have yearly targets.
		Annual and Sustainability Report 2023, Sustainability, pages 42-45,
		172-173 and TCFD, pages 166-167
		CDP Climate Change Response 2023 (C0.1) (C4)

10