Our strategic targets for sustainable value creation for the period 2022–2030 support our vision of leading the transformation of our industry toward a sustainable future.
To retain, develop and recruit the skills we need, LKAB must be a good place to work where people can develop, thereby contributing to increased prosperity and communities that are attractive to live and work in.
Outcome: The year was overshadowed by the tragic fatal accident that occurred in Kiruna during the spring. Work to create more structured HSE activities was intensified during the year. This included evaluating the current risk profile along with a third party, with the aim of developing an action plan to reduce the number of serious injuries and to prevent fatal accidents entirely. The ambition is that the efforts will also contribute to an improved safety culture in the long term. The accident rate developed positively during the year, from 6.3 at the end of 2023 to 4.9 at the end of 2024. Over the year we saw a continued increase in both the percentage of women in the workforce and the percentage of women in management positions.
We shall lead the transformation of the iron and steel industry for a better climate and sustainable development.
Outcome: Energy consumption in kWh per tonne of finished product increased during the year, mainly impacted by unstable production. Carbon emissions were affected mainly by the decreased production volume and amounted to 600 (645) kt for the full year.
Biodiversity efforts are divided into four levels. Both business areas have achieved level one and are working towards level two, which is to develop biodiversity plans. During 2024 a metric for the change in biodiversity from the baseline year of 2021 up to and including 2023 was developed for parts of our business.
Environmental work is an important part of our transformation and operations in general. We are constantly working on preventive measures and follow-up, as well as organizing consultations and reporting to regulatory authorities.
