Why LKAB Minerals is a responsible mineral supplier
At LKAB Minerals, responsible sourcing is an essential focus of ours and we ensure that every step of our supply chain aligns with the highest environmental, ethical, and social standards. But how do we ensure we are a responsible mineral supplier? Take a deeper look at how we approach our supply chain and the values that guide our operations.
Commitment to high standards in procurement
Responsible sourcing is not just a goal for us, it is deeply embedded in our procurement processes. We have developed robust supplier assessment methodologies that ensure all suppliers, regardless of location, meet the highest possible standards. These standards cover crucial aspects such as environmental protection, health and safety, human rights, anti-corruption, and general ethical practices. This holistic approach ensures that every mineral sourced by LKAB Minerals is aligned with our values and ethos.
We only work with suppliers who have demonstrated a commitment to these standards, and all partners are required to accept and adhere to our Supplier Code of Conduct. This code serves as a blueprint for responsible business practices, outlining expectations for ethical behaviour, transparency, and respect or both people and the environment.
At the core of our approach to procurement is the belief that partnerships with responsible suppliers create long-term benefits for everyone involved – suppliers, customers, and the communities they operate in. If we identify risks or improvement opportunities during audits, we work closely with our suppliers to develop joint plans and actions that drive positive change, creating mutual growth along the way.
However, If a supplier fails to meet our standards or address any potential risks identified during audits, we do not continue the partnership. This strict policy means we can uphold our values across the entire supply chain.
Transparency and ethics are key components of LKAB Minerals’ operations. We take great care in ensuring that all minerals, such as Mica and other materials, are sourced responsibly. As part of our commitment to ethical sourcing, we have published statements regarding the sourcing of MicaFort and conflict materials, providing clear information to customers and stakeholders.
Responsible sourcing of Mica and other materials
Just one example of our commitment to responsible sourcing is our approach to Mica, a versatile mineral used in a variety of industries, including cosmetics, electronics, and automotive manufacturing. We recognised the importance of sourcing Mica responsibly, given its history of unethical mining practices in some parts of the world. In response, we have taken significant steps to ensure that the Mica we source is free from child labour, unsafe working conditions, and environmental degradation. More details on our responsible sourcing of Mica can be found here.
Through a transparent and traceable supply chain, we ensure that Mica and other minerals are sourced from suppliers who adhere to the highest ethical and environmental standards. Our responsible sourcing practices reflect our broader commitment to ethical and sustainable procurement. This is reflected in our efforts to secure Environmental Product Declarations (EDPs) for a growing number of our products.
When you choose LKAB Minerals, you are not just choosing a supplier, you are choosing a partner who takes full responsibility for the value chain and is dedicated to delivering ethical, high-quality products. This commitment is what truly sets us apart as a responsible supplier in the global minerals market.
For more information on our sourcing practices and initiatives, visit our download centre. To explore our full range of products, visit our product page, and follow us on LinkedIn to stay updated with our latest news and developments.
