Sustainability at Heart of Sandvik's 2030 Strategy

Sandvik has set out an updated group strategy to guide the business from 2026 through to 2030, sharpening its focus on eco-efficient growth, digitalisation and sustainability-led innovation.

Called Advancing to 2030, the framework builds on Sandvik’s current strategy, which concludes in 2025 with most targets already met.

The new plan lays out five clear strategic objectives: growth, innovation, digitalisation, profitability and high-performing teams. Sustainability is embedded throughout each area, not treated as a separate or secondary goal.

“The revised strategy is called Advancing to 2030 because it emphasises that we need to continue to move in the good direction that we have set and make progress in that direction,” says Stefan Widing, President and CEO of Sandvik.

Growth, digitalisation and sustainability aligned

Sandvik sets a growth target of 7%, to be achieved through both organic development and acquisitions. The company will continue to measure profitability against its EBITA margin target of 20–22%, supported by productivity gains, capital efficiency and emissions reductions.

“Driving growth and delivering profitability and efficiency are related to our financial targets," adds Stefan. 

“Organic growth is always the highest priority. This is achieved mainly through leveraging our premium products and innovation, which will continue to be at the core of Sandvik.

“We have also now built a strong foundation in our digital offering and have a new objective to accelerate this progress.”

Digitalisation remains a top strategic priority. Sandvik targets 13 BSEK (US$1.38bn) in digital revenue by 2030, with R&D investment maintained at 4% of total revenue.

Innovation is directed firmly at sustainability, with new goals for innovation sales ratios and the development of sustainability-focused products. These efforts are tracked through the company’s formal target-setting and performance framework.

Empowering performance-driven teams

Sandvik also redefines its people strategy. While it continues to aim to be an employer of choice, the updated approach now emphasises high performance.

“We continue to want to be the employer of choice,” says Stefan.  “But we also want to make sure that employees are empowered to perform at the highest level.”

The company maintains its focus on health and safety, and strengthens its approach to employee engagement by introducing a dedicated index to track psychological safety across its workforce.

Core values and strategic purpose

Alongside its updated business strategy, Sandvik has launched a revised purpose statement – 'Advancing the world through Engineering' – and introduced updated core values: Winning together, Curiosity, Responsibility and Customer Focus.

“We should be very proud of what we have achieved because we have delivered on many of the targets we set out a few years ago,” concludes Stefan. 

“We have made good progress. And through our revised core values, our purpose and our updated strategy, Sandvik will continue to be recognised as one of the world's leading industrial technology companies.”