Boliden : Sustainability Index 2022 1

Sustainability	22
Index

		INTRODUCTION	OUR APPROACH	GOVERNANCE	ENVIRONMENT	SOCIAL	CONTENT INDEXES

Contents

About the

Sustainability Index

Boliden AB reports its sustainability performance annually with the purpose to provide stakeholders with information about its sustainability approach and performance.

The Sustainability Index Report of 2022 follows the financial year and was published on 8th of March 2023 - the same date as our Annual and Sustainability Report 2022.

If you have any queries about the ­Sustainability Index Report, please contact: ­ [e-mail]

Read more at www.boliden.com

Introduction 01

Highlights .. . . . . . . . 3 Boliden in brief . . . . . . . 4 Introduction to the report . . . 5 The standards used in

this Sustainability­Index . . . 6

Environment 04

Environmental performance .	36
Circular economy
and resource usage . . . .	37
Extractive waste and slag .	39
Energy and climate . . . .	42
Water . . . . . . . . . . 52
Biodiversity	54
Air Pollution Emissions . . .	61

Our approach 02

Our approach to

sustainability . . . . . . . 7 Sustainability topics

and ­directions . . . . . . . . . . . . 13 Assessment of

sustainability topics . . . . 15

Social05

Social performance . . . . 63

Occupational health
and safety	64

Non-discrimination .. . . . 68 Talent attraction and retention .69 Sustainable business growth and stakeholder relations . . 79 Socio-economic impact . . . 82 Rights of indigenous peoples .84 Resettlement and closure planning . . . . . . . . . 86

Governance 03

Governance	19
Financial responsibility .. .	20
Capital markets	. 22
Legal framework and
compliance	23
Anti-corruption and ­
fair competition	26

Business partner environmental, social and governance (ESG) assessment . . . . . . . 28 OECD - Boliden Due Diligence Report 2022 . . . 31 Strategic partnerships . . . 35

Content06 Indexes

GRI .. . . . . . . . . . 87 SASB . . . . . . . . . . 95 UN Global Compact . . . . 97

TCFD . . . . . . . . .98 ICMM Principles . . . . . . 99

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		INTRODUCTION	OUR APPROACH	GOVERNANCE	ENVIRONMENT	SOCIAL	CONTENT INDEXES

INTRODUCTION

Highlights 2022

Boliden in brief

Highlights 2022

Introduction to the report

The standards used in this Sustainability Index

Sustainability highlights

Green bonds issued

A Green Finance Framework was established in 2022 that will enable Boliden and its subsidiaries to issue Green Bonds and Green Loans. Read more on page 22.

Improved due diligence for the sourcing of raw materials

Due diligence processes were strengthened, and the Business Partner Code of Conduct was updated. Read more on page 29.

Supplier engagement on improved sustainability performance

Dialogue meetings and site visits with suppliers with a sustainability focus were held during the year. Read more on page 31.

More ambitious climate targets developed Boliden's new absolute CO2 targets were validated by a third party to align with the SBTi requirements and were approved by the Board in October 2022. Read more on page 45.

Key sustainability figures

0

Significant environmental incidents Read more on page 36.

21%

Females employed (FTE)

Read more on page 77.

30%

Re-used mined rock

Read more on page 41.

12%

Recycling input rate

Read more on page 37.

GOVERNANCE

We have a comprehensive approach to managing business impacts and ethical be- havior. Read more on page 19.

ENVIRONMENT

We work to mitigate our environmental impacts by working with energy, climate, resource usage and other environmental­ topics. Read more on page 36.

SOCIAL

Health & safety, working conditions and community relations are essential elements of our sustainability work. Read more on page 63.

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		INTRODUCTION	OUR APPROACH	GOVERNANCE	ENVIRONMENT	SOCIAL	CONTENT INDEXES

INTRODUCTION

Highlights 2022

Boliden in brief

Introduction to the report

The standards used in this Sustainability Index

Boliden in brief

Boliden is a metal producer with mining, smelting, and metals recycling operations in northern Europe and a clear focus on sustainable development.

We are the European leader in producing copper and nickel, and are one of the world's largest zinc producers. These are metals that are the building blocks of modern society. Boliden also plays an important role in the recycling of electronic waste.

SUSTAINABLE VISION FOR METALS AND MINING

Boliden aspires to be the most climate friendly and

respected­ metal provider in the world. We support the Paris climate agreement and during the year we committed to set

SUSTAINABILITY DISCLOSURE AND ASSURANCE

Boliden uses a risk-based sustainability approach to disclose environmental, social and governance information to its stakeholders and is periodically assessed on sustainability criteria by responsible investment organizations and analysts. We strive to be as transparent as possible by participating in external rating schemes and by openly sharing information about our business. Boliden Group is validated according to the ICMM Mining Principles and was

approved­ as an ICMM member during 2022. The membership ­requires a third-party validation of each operative unit every three years - a process that will start in 2023.

AITIK

KEVITSA

BOLIDENOMRÅDET

RÖNNSKÄR

KOKKOLA

HARJAVALTA

ODDA		GARPENBERG

STOCKHOLM

near-termcompany-wide emission reductions targets in line with the Science Based Targets initiative.

Our operations are characterized by concern for people, the environment and society. Boliden's sustainability work is based on its own norms and values, as well as on inter­ national guidelines and targets, such as the UN Global Compact and the UN Sustainable Development Goals. Dialogue with internal and external stakeholders ensures that different perspectives are considered.

The metals we produce are required

for the climateBERGSÖE

transition.TARA

Mikael Staffas

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		INTRODUCTION	OUR APPROACH	GOVERNANCE	ENVIRONMENT	SOCIAL	CONTENT INDEXES

INTRODUCTION

Highlights 2022

Boliden in brief

Introduction to the report

Introduction to the report

The standards used in this Sustainability Index

This Sustainability Index is designed to facilitate the navigation of Boliden's disclosure of governance, strategies, report parameters, sustainability topics and performance indi- cators. It includes references to Boliden's environmental, social, and economic targets and results.

DEFINING REPORT CONTENT AND

TOPIC BOUNDARIES

The information contained in this report covers data from Boliden's ten Business Units, from the Group's head office and various staff functions, and from its sales offices.

Environmental­performance data is limited to Boliden's ten operational Business Units as they represent Boliden's ­significant environmental impacts.

During the reporting period, there were no significant changes in Boliden's mining operations, smelting operations, supply chain, capital structure or capital formation. We are however expanding our zinc smelter in Odda, southern Norway. The expansion will enable Odda to almost double its zinc production and at the same time reduce carbon dioxide intensity.

REPORT CONTENT

The Sustainability Index Report provides stakeholders with relevant information about our governance, environmental and social impacts. These include topics directly connected to how Boliden conducts its operations, as well as topics that impact stakeholders and thereby Boliden's social license to operate and ability to develop its business. This report has been reviewed and approved by Boliden's Group ­Management.

REPORTING PRINCIPLES

The financial data presented in this Sustainability Index is drawn from Boliden's audited annual accounts. The Boliden Group reports in Swedish kronor (SEK). Occupational health and safety data and environmental data, including energy-­ related data, is collected monthly from the units and consolidated at Group level. Social sustainability data is collected on a quarterly or annual basis from the operations and consolidated at Group level. Metal emissions to air and discharges to water are measured in metal equivalents in alignment with the Natural Capital Protocol (NCP) framework.

More detailed measurement techniques, calculation methods, and assumptions are reported in connection with relevant indicators.

EXTERNAL ASSURANCE

Our policy is to use external assurance to ensure the high quality and credibility of the information published in the Sustainability Index. The Sustainability Index and the Annual and Sustainability Report have therefore been subject to external limited assurance by the Auditor in accordance with ISAE 3000, as issued by the International Federation of Accountants (IFAC). The auditor's limited assurance report is included in this report. Organizational profile and key performance data are presented in Boliden's Annual and Sustainability Report 2022.

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