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Annual and Sustainability Report 2025

Metrics and targets

Targets related to workers in the value chain (S2-5)

Two of our long-term 2030 goals relate to workers in the value chain:

We also have yearly targets established, to measure and follow up, to track effectiveness of policy and actions. The targets are integrated into our annual target-setting process. Workers in the value chain have not been involved in target setting or process for tracking performance.

Progress on targets

 

Chart: Significant suppliers that confirmed compliance with Business Partner Code of Conduct, %
Chart: Significant indirect sales channels (IDS) that confirmed compliance with Business Partner Code of Conduct, %

In 2025 the target was 100% and the outcome was 98%. By the end of the year 64 significant suppliers had not confirmed compliance with the BP CoC, actions are ongoing to ensure progress.

In 2025, the target was 100% and the outcome was 99%.

Significant suppliers

  2025 2024
Significant suppliers, number 3 001 2 401
Significant suppliers asked for commitment to the Epiroc BP CoC, number 3 001 2 401
Significant suppliers that confirmed compliance with the Epiroc BP CoC, number 2 937 2 391
Significant suppliers that confirmed compliance with the Epiroc BP CoC, % 98 100

We work with over 3 000 significant suppliers globally, excluding 56 suppliers phased out, or planned to be phased out at year-end.

Significant suppliers includes all suppliers of goods and services, direct and indirect, with a purchasing value above EUR 100 000. Suppliers are also deemed significant when they are located in high-risk countries and have a purchasing value above EUR 12 500. Purchasing values are based on 12 months values from January to December prior year excluding VAT. 

Epiroc requires all business partners to commit to follow our BP CoC. We plan to phase out direct suppliers who have not signed the BP CoC. Indirect suppliers, mainly landlords, are harder to phase out due to long contracts and relocation impracticalities which also include negative impacts on other sustainability areas, such as increased resource use and emissions when adapting facilities.

Chart: Significant suppliers, geographical spread , %

Sustainability audits

  2025 2024
Total audits 350 270
Performed on-site 279 222
Performed digitally 71 48
Approved 307 245
Conditionally approved 33 24
Not approved 10 1

The sustainability audits are managed by the Responsible Sourcing team and covers safety, health, social, and environmental issues. By assessing our suppliers’ performance in these areas, we work to ensure that the principles in our BP CoC are upheld. Based on spend data, each facility is assigned a number of audits to be performed at their suppliers. 20% of these audits per facility shall be decided by the Responsible Sourcing team, who make their selections based on their social and environmental risk assessment.

Conflict minerals, cobalt and mica

  2025
  3TG Cobalt Mica
Suppliers asked 582 582 582
Suppliers responded 345 345 345
Smelters identified in supply chain 674 107 30

In 2025, a review of products in scope was carried out leading to an increased number of suppliers being included in the due diligence program for conflict minerals, cobalt and mica. The purpose is ensuring that products does not origin from sources that helps finance armed groups and security forces in resource rich areas. 582 (207) relevant suppliers were requested to declare the origin of 3TG present in their products. 59% (58) of the suppliers of products containing 3TG responded, identifying 674 (430) smelters of 3TG, none of which finance armed groups in the Democratic Republic of Congo. In 2025, 582 (39) suppliers of products including cobalt and mica were asked to declare the origin of cobalt and mica included in the products, to get an understanding of supplier awareness and increase transparency. About 59% (41) of the suppliers asked responded.

During 2025 the total number of identified smelters increased. Epiroc will continue to engage with suppliers that did not respond in order to increase response rates and transparency. A new process is being developed and will be released in 2026. 

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