DOCSLIB.ORG

Annual and Sustainability Report 2019 United in Performance

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual and Sustainability Report 2019 United in Performance Annual and Sustainability Report 2019 United in Performance. Inspired by Innovation. Performance unites us, innovation inspires us and commitment drives us to keep moving forward. Count on Epiroc to deliver the solutions you need to succeed today and the technology to lead tomorrow. Cover: Autonomous drill rigs provide improved safety and increased productivity. 2 4 The year CEO in brief Comments 12 26 Our strengths and goals Sustainability About this report Content The audited annual accounts and consolidated accounts can be found on pages 38–51 and The year in brief 2 62–121. The corporate governance report exam- ined by the auditors can be found on pages 52–61. CEO comments 4 Epiroc reports its sustainability work for 2019 This is Epiroc 6 according to the Global Reporting Initiative (GRI) Our strengths and goals 12 Standards version 2016, “Core” option. The sustain- We are a leading productivity ability report has been prepared in accordance partner in attractive niches 14 with disclosure requirements set out in the Swed- ish Annual Accounts Act, chapter 6, paragraph 11. We have a high proportion of recurring business 18 The sustainability information that has been We drive the future in intelligent reviewed by the auditors can be found on pages mining and infrastructure 20 24–37 and 126–133. The assurance report issued by We have a strong and proven the auditors can be found on page 133 and a detailed operating model 22 GRI Index can be found at www.epirocgroup.com. We create value for our stakeholders 24 Forward-looking statements Some statements in this report are forward- Sustainability 26 looking, and the actual outcomes could be mate- Our approach to sustainability and rially different. In addition to the factors explicitly corporate responsibility discussed, other factors could have a material Administration report 38 effect on the actual outcomes. Such factors include, but are not limited to, general business Five-year summary 51 conditions, fluctuations in exchange rates and interest rates, political developments, the impact Corporate governance report 52 of competing products and their pricing, product Risk management 60 development, commercialization and technolog- ical difficulties, interruptions in supply, and major Financial information 67 customer credit losses. Signatures 121 Epiroc AB is a public company. Epiroc AB and its subsidiaries are sometimes referred to as the Financial definitions 122 Epiroc Group, the Group, or Epiroc. Epiroc AB is Auditor’s report 123 also sometimes referred to as Epiroc. Any mention Epiroc was part of the of the Board of Directors or the Board refers to the Sustainability notes 126 Atlas Copco Group, Board of Directors of Epiroc AB. founded in 1873, until The Epiroc share 134 June 18, 2018, when Epiroc was distributed to the shareholders of Atlas Copco and listed Sustainability Report Annual Report on Nasdaq Stockholm. reviewed by the auditors THE YEAR IN BRIEF 2019 in brief Epiroc’s revenues, profit and cash flow increased, supported by strong growth of our aftermarket and efficiency initiatives. We continued to deliver innovative solutions in the areas of automation, digitalization and electrification, to help our customers become more productive, safe and cost efficient. Orders received Strong development of orders Lost time injury frequency rate and revenues received for aftermarket services. decreased 21% Weaker for equipment MSEK Revenues increased 7% to CO2 emissions from transport MSEK 40 849, an organic decreased 20% growth of 1% Three acquisitions were Operating profit was MSEK 8 136 completed during the year and operating margin was 19.9% Improved operating cash flow New CEO appointed Orders received, MSEK Revenues, MSEK Key figures MSEK 2019 2018 Change Orders received 39 492 39 400 0% Operating profit Revenues 40 849 38 285 7% and margin Operating profit 8 136 7 385 10% Operating margin, % 19.9 19.3 MSEK % Profit before tax 7 843 7 201 9% Profit margin, % 19.2 18.8 Net profit 5 884 5 437 8% Operating cash flow 6 688 3 884 72% Basic earnings per share, SEK 4.89 4.50 9% Dividend per share, SEK 2.40 2.10 14% Return on capital employed, % 27.6 32.0 Net debt/EBITDA ratio 0.05 0.14 Lost time injury frequency rate, LTIFR 2.7 3.4 -21% Sick leave, % 2.1 2.2 -5% MWh energy from operations/ Cost of sales, MSEK 6.8 7.6 -11% Operating profit, MSEK Operating margin, % Transport CO2, tonnes/Cost of sales, MSEK 4.5 5.6 -20% Adjusted operating margin, % Lost time injury frequency Energy consumption and sick leave and CO2 emissions Return on capital employed LTIFR %% MWh Tonnes MSEK % Lost time injury frequency MWh energy from opera- Average capital employed, rate, LTIFR tions/Cost of sales, MSEK MSEK Sick leave, % Transport CO 2, tonnes/ Return on capital employed, % Cost of sales, MSEK Note: Financial statements prior to 2018 are combined. See note 1 in the Annual and Sustainability Report 2018. 2 Epiroc Annual and Sustainability Report 2019 THE YEAR IN BRIEF Highlights Safer mining in Chile Helena Hedblom new CEO 6th Sense One of the largest ever full service The Board of Epiroc AB has 6th Sense optimizes custom- contracts was won from Codelco appointed Helena Hedblom as ers’ processes by connecting for service of mining equip- the new President and CEO of machines, systems and people ment used at the Andina mine in Epiroc AB, effective March 1, using automation, information Chile. The contract value totals 2020. She replaces Per Lindberg, management and system integra- MUSD 68 over seven years. Epiroc who will leave the company after tion. With 6th Sense, our custom- will contribute to Codelco opera- having successfully established ers can achieve production gains tions making them as productive, Epiroc as a listed company. and lower operating costs. efficient and safe as possible, Epiroc Annual and Sustainability Report 2019 3 CEO COMMENTS Innovation and efficiency in focus Helena Hedblom is the President and CEO of Epiroc AB, as from March 1, 2020. She replaces Per Lindberg, who leaves the company after having successfully established Epiroc as a listed company. “We are a young and dynamic company with energy and passion” Per Lindberg President and CEO In 2019, Epiroc’s revenues, profit and cash flow increased, supported by strong growth in our aftermarket and efficiency initiatives. Our customers showed great interest in our innovative productivity solutions, in a market where demand for equipment softened. We continue to focus on innovations, such as automation, digitalization and electrifica- tion. With our passionate employees and through commitment and collaboration, we help our customers become more productive, safe and cost efficient, which enables us to create long-term value and further strengthen Epiroc for the future. On June 18, 2019, we celebrated one year as an independent, significant benefits customers reap compared with using listed company. We are a young and dynamic company with traditional diesel machines: better health and safety, higher energy and passion. Still, we have significant expertise and productivity and lower total costs. Diesel has been the fuel experience in what we do. We strive to be a true productivity of choice for mining equipment, but this is now starting to partner to our customers and continuously strengthen their change. Underground operations stand to gain the most operations. We were pleased to see many successful exam- from going electric as diesel fuel traditionally implies heavy ples of this throughout 2019. investments in ventilation to air out fumes. Epiroc is proud to spearhead the drive towards a more sustainable under- 6th Sense solutions for productivity ground mining environment. Automation, digitalization and information management are increasingly used by mining companies to strengthen opera- Sustainability now and onwards tions and become more safe and sustainable. Epiroc is at the Focusing on safety, work conditions, energy efficiency and forefront of this development and in 2019, we launched 6th other sustainability aspects is not only ethically right, it is a Sense, our package of digital solutions. 6th Sense is our way key part of our operating model. The rate of work-related to optimize customers’ processes by connecting machines, accidents fell by 21%. Our machines in operation can have a systems and people. Examples range from installing a fully negative impact on the environment and we continuously autonomous SmartROC D65 surface drill rig for Newmont innovate to make them more sustainable. The battery-elec- Goldcorp in Canada to supporting the digitalization of Puco- tric machines are one example, but several other Epiroc ini- bre’s mining operations in Chile. The solutions increase safety, tiatives are also contributing to a more sustainable future. We boost productivity, reduce the environmental impact and are reducing the share of products delivered by air freight improve work conditions. and as a result CO2 emissions from transport fell significantly. In our operations we lowered energy consumption by 6% and Battery-electric machines for increased the proportion of renewable energy by 3 percent- zero-emission operations age points. We have set targets on how we use resources We launched our new generation battery-electric mining responsibly and efficiently, and our sustainability key perfor- equipment in late 2018, and in 2019, orders came in from mance indicators make sure that we follow progress closely. customers in several countries. No wonder, considering the Our Code of Conduct is our most important tool to uphold 4 Epiroc Annual and Sustainability Report 2019 CEO COMMENTS high standards. In 2019, we launched a new and more It is our goal to have an industry-best operating margin that user-friendly whistleblower tool called Speak Up. We are a is resilient over the business cycle. In 2019, our operating signatory to the UN Global Compact and fully support the margin improved over 2018 and landed at 19.9%.
Load more

Recommended publications
  • 20170823 Atlas Copco Announces the Management
    Press Release from the Atlas Copco Group Atlas Copco announces the management team of Epiroc – the company planned to be dividended out in 2018 Stockholm, Sweden, August 23, 2017: Atlas Copco has completed the recruitment of the management team for Epiroc AB. Including the previously appointed President and CEO Per Lindberg it has five positions. The management team will be in place latest in the first quarter of 2018, subject to resignation periods. The five members of Epiroc’s management team will be: Per Lindberg, President and CEO Helena Hedblom, Senior Executive Vice President Mining and Infrastructure Anders Lindén, Senior Vice President Controlling and Finance (CFO) Mattias Olsson, Senior Vice President Corporate Communications Jörgen Ekelöw, Senior Vice President General Counsel On July 18, 2017, Atlas Copco announced that Per Lindberg has been appointed President and CEO of Epiroc, the company Atlas Copco plans to dividend out in 2018. Per Lindberg is currently the President and CEO of BillerudKorsnäs AB, a leading supplier of renewable packaging materials and solutions. Per Lindberg’s mission will be to position Epiroc as a leading productivity partner for customers in mining, infrastructure and natural resources, and to further develop and grow the Epiroc business. The four other members of the Epiroc management team will be: Helena Hedblom, Senior Executive Vice President Mining and Infrastructure of Epiroc. Helena Hedblom is currently Senior Executive Vice President of Atlas Copco’s Mining and Rock Excavation Technique business area. Her role at Epiroc will be to run the Mining and Infrastructure business area with seven division presidents reporting directly to her.
    [Show full text]
  • Epiroc EMTN Base Prospectus 2018
    BASE PROSPECTUS Epiroc AB (publ) (incorporated in Sweden as a public company with limited liability under registration number 556041-2149) €1,500,000,000 Euro Medium Term Note Programme Under the Euro Medium Term Note Programme described in this Base Prospectus (the “Programme”), Epiroc AB (publ) (the “Issuer”), subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the “Notes”). The aggregate nominal amount of Notes outstanding will not at any time exceed EUR 1,500,000,000 (or the equivalent in other currencies), subject to increase in compliance with the relevant provisions of the Dealer Agreement (as defined under “Subscription and Sale”). This Base Prospectus has been approved by the Central Bank of Ireland as competent authority under Directive 2003/71/EC (as amended, including by Directive 2010/73/EU, or superseded the “Prospectus Directive”). The Central Bank of Ireland only approves this Base Prospectus as meeting the requirements imposed under Irish and European Union (“EU”) law pursuant to the Prospectus Directive. Such approval relates only to the Notes which are to be admitted to trading on a regulated market for the purposes of Directive 2014/65/EU (as amended, “MiFID II”) and/or which are to be offered to the public in any member state of the European Economic Area (“EEA”). Application will be made to the Irish Stock Exchange plc, trading as Euronext Dublin (“Euronext Dublin”) for Notes issued under the Programme during the period of 12 months from the date of this Base Prospectus to be admitted to the official list (the “Official List”) and trading on its main securities market (the “Market”).
    [Show full text]
  • Corporate Governance Report 2020
    Corporate Governance Report SKF Annual Report 2020 141 Corporate GOVernance Report Introduction General information about how the company is managed SKF Care defines the Group’s approach to securing sustainable, The shareholders’ meeting is the company’s highest decision-making positive development over the short, medium and long term. SKF body. The Annual General Meeting of shareholders shall be held applies the principles of sound corporate governance as an instru- within six months after the end of the financial year. At the Annual ment for increased competitiveness and to promote confidence in General Meeting the shareholders exercise their voting rights for SKF among all stakeholders. Among other things, this means that e.g. the composition of the Board of Directors, adoption of principles the company maintains an efficient organizational structure with of remuneration for Group Management and election of external clear areas of responsibility and clear rules for delegation, that the auditors. SKF has issued A and B shares. An A share entitles the financial, environmental and social reporting is transparent and that shareholder to one vote and a B share to one-tenth of a vote. the company in all respects maintains good corporate citizenship. The Board of Directors has a responsibility for the company’s The corporate governance principles applied by SKF are based organisation and for the oversight of the management of the compa- on Swedish law, in particular the Swedish Companies Act and the ny’s affairs and is, together with the President and Group Manage- Swedish Annual Accounts Act, and the regulatory system of NASDAQ ment defining and continuously monitoring SKF’s vision, mission, Stockholm AB (Stockholm Stock Exchange).
    [Show full text]
  • Epiroc Facts in Brief 2020-2021
    6th Sense Our customers and applications Our segments 6th Sense optimizes customers’ processes by connecting machines, systems and people using automation, information Mining Equipment & Service management and system integration. The mining industry represents approximately Equipment & Service provides equipment and solutions for rock 76% of our business. Applications include pro- drilling, mechanical rock excavation, rock reinforcement, loading and With 6th Sense, our customers can achieve production gains duction and development work for both under- haulage, ventilation systems, exploration drilling, drilling equipment and lower operating costs. ground and open-pit mines, and for mineral for water, energy, oil and gas. It also provides related parts and ser- exploration. vice and solutions for automation and interoperability. Infrastructure Infrastructure applications represent approxi- mately 24% of our business. Applications include blasthole drilling for tunneling, for road, railway and dam construction, aggregate production and other construction work, demolition of build- ings, bridges and industrial plants as well as Surface equipment Underground equipment other drilling applications. Exposure to mining (by minerals) and infrastructure Epiroc leads the charge on battery power Infra- Parts and services Automation and digital solutions structure With electric vehicles instead of diesel-powered machines, it is 24% possible to eliminate emissions from diesel engines and thereby Tools & Attachments improve the working environment for personnel. In 2016, we Tools & Attachments provides rock drilling tools and hydraulic launched our first battery-electric machines and we aim to offer attachments that are attached to machines and used mainly for a complete fleet of underground mining equipment as battery- drilling, demolition and recycling as well as rock excavation.
    [Show full text]
  • Presentation CMD 2019
    1 Wifi code: EpirocCMD Epiroc Capital Markets Day 2019 Mattias Olsson, Senior Vice President Corporate Communications Safety first! Practicalities Purpose Today’s presenters Mattias Per Helena Martin Sami Jose Breakout Anders Olsson Lindberg Hedblom Hjerpe Niiranen Sanchez sessions: Lindén SVP Corporate President and SVP Mining and SVP M&A and President President Intelligent mining SVP Controlling Communications CEO Infrastructure Strategy Underground Rock Drilling Solutions and infrastructure. and Finance Excavation (CFO) Start Q&A Q&A Break 6 Video 7 Epiroc Group Per Lindberg, President and CEO Epiroc’s key strengths Leading Strong and High and resilient Driving the future History of value productivity proven operating aftermarket in intelligent creation for all partner in model exposure mining and stakeholders attractive niches infrastructure 9 Leading global productivity partner Epiroc in brief • We provide customers in selected niches of the global mining and infrastructure with – innovative, safe and sustainable drill rigs, rock excavation and construction equipment, and tools – world class service to enhance productivity – solutions for automation and interoperability • We are a 146-year old start-up with >14 000 employees collaborating with customers in +150 countries • We have a strong, proven and value-creating business model – Annual* revenues of BSEK 41.1 – Operating margin* of 20.1% – ROCE* of 29.5% *12 months until September 2019, reported All rights reserved by Epiroc. 10 …in attractive niches Exposure to hard rock applications
    [Show full text]
  • Annual Report 2019
    Annual Report 2019 INVESTOR 2019 A Contents Investor at a glance Share of total adjusted Performance Board Valuation assets 2019 Ownership representation methodology Welcome to Investor 1 total return Significant Preferably two, Share price Letter from our Chair 2 Listed Companies minority owner with including the Chair Letter from our CEO 3 a long-term buy-to- 345 30% build strategy Business Model 4 SEK bn Targets and Outcome 6 invested in ABB Financial Development 8 Engaged Ownership 10 69% 4.3 SEK bn Sustainability 12 People at the Centre 14 Listed Companies 16 Patricia Industries 22 Investments in EQT 33 The Investor Share 34 Corporate Governance Report 36 Board of Directors 42 value change Wholly-owned Boards comprise Subsidiaries: Management Group 44 Patricia Industries subsidiaries and of independent acquisition method partner-owned directors and Partner-owned Disposition of Earnings 47 115 23% companies with directors investments: List of contents of Financials 49 SEK bn a long-term from Patricia equity method divestments buy-to-build Industries Financial Statements for the Group 50 Smart solutions for the automated world™ strategy, financial Investments: recent Notes for the Group 54 investments trans actions at cost, 23% 5.3 in which our multiples (unlisted), Statements for the Parent Company 95 SEK bn investment horizon share price (listed) Notes for the Parent Company 99 has not yet been profit growth, defined Estimated market Auditor’s Limited Assurance, subsidiaries Sustainability 107 values presented as supplementary Sustainability
    [Show full text]
  • Epiroc Appoints Charlotta Grähs As New General Counsel
    Press release from Epiroc AB September 2, 2021 Epiroc appoints Charlotta Grähs as new General Counsel Stockholm, Sweden: Epiroc has appointed Charlotta Grähs as Senior Vice President General Counsel and member of Group Management, effective not later than March 1, 2022. Charlotta Grähs will succeed Jörgen Ekelöw, who will retire. Charlotta Grähs is currently Senior Vice President, General Counsel at Trelleborg, a Sweden-based industrial company. She is a Swedish citizen, born 1971, and holds a Master of law from the University of Gothenburg, Sweden, and University of Mannheim, Germany. “I am pleased to welcome Charlotta to Epiroc,” says Helena Hedblom, Epiroc’s President and CEO. “She has an excellent profile, including experience from leading corporate legal functions, acquisitions and divestments, and corporate governance, that will contribute to the development of Epiroc in the coming years.” Charlotta Grähs will also act as Secretary to Epiroc’s Board of Directors. Jörgen Ekelöw will, as previously announced, retire at the end of April 2022, which will ensure a good transition. Charlotta Grähs For more information please contact: Ola Kinnander, Media Relations Manager +46 70 347 2455 [email protected] Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground- breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in about 150 countries.
    [Show full text]
  • Epiroc Completes Acquisition of Australian Mining Logging Company
    Press release from Epiroc AB June 1, 2021 Epiroc completes acquisition of Australian mining logging company Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of Kinetic Logging Services Pty Ltd, an Australian company that provides mining companies with geophysical logging services. Kinetic Logging Services, based in Perth, Australia, provides mining-technology measurement services to build improved geological models that help mining companies increase productivity. The company’s flagship product is OreSight, a highly advanced solution that provides near real-time borehole assay data and grade information. The mining companies feed this data directly into their blast pad models, allowing them to make improved decisions on production and ore blending. The company, which was part of MPC Kinetic Holdings, has about 180 employees and has annual revenues of about MAUD 30 (MSEK 195). The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation. Kinetic Logging Services’ OreSight platform For more information please contact: Ola Kinnander, Media Relations Manager +46 70 347 2455 [email protected] Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground- breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world -class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had re venues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in a bout 150 countries.
    [Show full text]
  • Epiroc Appoints Håkan Folin New Chief Financial Officer
    Press release from Epiroc AB May 31, 2021 Epiroc appoints Håkan Folin new Chief Financial Officer Stockholm, Sweden: Epiroc has appointed Håkan Folin as Senior Vice President Controlling and Finance and Chief Financial Officer, and member of Group Management. Håkan Folin will succeed Anders Lindén and start no later than December 1, 2021. Håkan Folin is currently Executive Vice President and Chief Financial Officer at SSAB, a Sweden-based steel producer. He is a Swedish citizen, born 1976, and holds a Master's degree in Industrial Management & Organization from the Royal Institute of Technology, Sweden. “I am pleased to welcome Håkan to Epiroc,” says Helena Hedblom, Epiroc’s President and CEO. “Håkan has a strong industrial background and experience from many years as CFO for SSAB. I am convinced that he has the right experience, skills and approach to drive financial and operational excellence and actively contribute to Epiroc’s continued profitable growth.” Anders Lindén will remain in his current role until Håkan Folin starts and serve as an advisor in Epiroc until the end of January 2022 to ensure a good transition. “I have worked closely with Anders since early 2017 and he has been instrumental in the successful creation of Epiroc,” says Helena Hedblom. ”I wish to express my sincere appreciation to Anders already now for his valuable contribution over many years in Epiroc and Atlas Copco.” Håkan Folin For more information please contact: Ola Kinnander, Media Relations Manager +46 70 347 2455 [email protected] Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers.
    [Show full text]
  • 20171114 Capital Markets Day 2017 Epiroc Split Update
    Atlas Copco Group - Epiroc split update Capital Markets Day 2017 Hans Ola Meyer, CFO 2 Agenda 11. Rationale for the split 21. Carve-out and listing project 31. Financials Update on the split Capital Markets Day 2017 3 Strategic rationale and business benefits Split the Group into one INDUSTRIAL and one MINING/INFRASTRUCTURE company Both businesses are global leaders . A fully focused, dedicated in their respective areas management can – serve customers even better – drive growth and profitability The businesses have different end- . The synergies between the two markets and different demand drivers businesses are limited . A separation into two world-leading The businesses have different demand listed companies will facilitate a fair patterns valuation on the stock market Update on the split Capital Markets Day 2017 4 Two world class companies Atlas Copco Epiroc ~34 500 BSEK 84 21%* ~12 500 BSEK 30 19%* Industry Employees Revenue Operating Mining Infrastructure Employees Revenue Operating margin margin * Indicative 12 month figures at September 30, 2017 Update on the split Capital Markets Day 2017 5 Two world class companies Operating margin (EBIT), % 30% 25% 20% 15% EBIT margin EBIT 10% 5% 0% 2009 2010 2011 2012 2013 2014 2015 2016 H1 2017 Atlas Copco excluding MR Atlas Copco MR Large cap global multi industrials Mining and construction equipment companies Large cap global multi industrials: 3M, ABB, Alfa Laval, Assa Abloy, Caterpillar, Danaher, Deere, Dover, Eaton, Emerson, Fortive, Geberit, General Electric, Graco, Hitachi, Honeywell,
    [Show full text]
  • 20171222 Atlas Copco Announces Three New Members of the Board of Directors of Epiroc AB
    Press Release from the Atlas Copco Group Atlas Copco announces three new members of the Board of Directors of Epiroc AB Stockholm, Sweden, December 22, 2017: The Board of Directors of Atlas Copco AB today announces appointments of three additional members of the Board of Directors of Epiroc AB – the company planned to be listed in 2018. The Board of Epiroc will have eight members including the President and CEO of Epiroc. Atlas Copco has earlier announced five Board members; Ronnie Leten, Chair, Johan Forssell, Anders Ullberg, Ulla Litzén and Lennart Evrell. Today three new members are announced, Jeane Hull, Astrid Skarheim Onsum and Per Lindberg, meaning that all eight members are now appointed. The three new Board members of Epiroc: Jeane Hull is a former Executive Vice President and Chief Technical Officer of Peabody Energy. Prior to Peabody she was the Chief Operating Officer for Rio Tinto at the Kennecott Utah Copper Mine, in the United States. She is a member of the Boards of Interfor, a Canadian lumber company, and Cloud Peak Energy, a U.S. coal mining company. Jeane Hull, born 1955, is a U.S. citizen. She has a B.Sc. in Civil Engineering from South Dakota School of Mines and Technology and an MBA from Nova Southeastern University, both in the United States. Astrid Skarheim Onsum is since 2016 Chief Digital Officer at Aker Solutions ASA, a global provider of products, systems and services to the oil and gas industry. Previously she has headed Aker Solutions’ Norwegian engineering business. She has two decades of experience from different parts of the energy industry and has held a broad array of leadership roles.
    [Show full text]
  • ATLAS COPCO Annual Report 2017 Worldreginfo - 54D087d7-D0f1-45Ce-9778-26D641dff3bb Atlas Copco Believes In
    ATLAS COPCO Annual report 2017 WorldReginfo - 54d087d7-d0f1-45ce-9778-26d641dff3bb Atlas Copco believes in... ... delivering innovative products, reliable services and profitable growth while being a responsible corporate citizen. This annual report reflects Atlas Copco’s mission of creating sustainable, profitable growth and it integrates financial, sustainability and governance information in order to describe Atlas Copco in a comprehensive and cohesive manner. CONTENTS ABOUT THE FRONT PAGE Atlas Copco Group Inside front cover The picture shows an installation President and CEO 2 of two of Atlas Copco’s THIS IS ATLAS COPCO 6 latest innovations. This section contains Atlas Copco’s vision, mission, The new energy saving Z VSD+ strategy, structure and governance, how we do range of oil free screw compressors business and create value for all stakeholders. which incorporates a new compression element/drive THE YEAR IN REVIEW Administration report system and extended service intervals to significantly reduce This section describes Atlas Copco’s annual customers’ energy and main­ performance and achievements. 14 tenance costs. Also a new air dryer Compressor Technique 24 which takes rotary drum drying technology to a new level of Vacuum Technique 27 performance with guaranteed dew points to protect our Industrial Technique 30 customers productivity. Mining and Rock Excavation Technique 33 Power Technique 36 Innovation 39 GRI G4 GUIDELINES AND EXTERNAL REVIEW Employees 44 Atlas Copco reports its sustainability work for 2017 according to GRI G4, Global Reporting Initiative’s reporting guidelines, level Core. Society and environment 47 Deloitte has reviewed the report and verified this level, see page 143. More information and a detailed GRI index can be found at: Risks, risk management and opportunities 52 www.atlascopcogroup.com The Atlas Copco share 56 The sustainability report 2017 is prepared in accordance with Corporate governance 58 the Annual Accounts Act.
    [Show full text]