The Swedish Steel Industry’s Approach to Engaging with Societal Values and Global Goals - Opportunities and Challenges

Eva Blixt will be presenting the Societal Value Compass, a management concept being developed to support the Swedish steel industry in making decisions on product portfolio development, investment and alliance-building. The point of departure has been to regard the Global Goals for Sustainable Development (colloquially known as the SDGs) of as a set of guiding parameters that have to be seen as a whole. The compass will assist managers in gauging the impacts from products or processes as they are being assessed across all the goals and targets. It will also guide the industry in communicating its potential contributions to sustainability, e.g., to investors, current and prospective employees, customers, policymakers and civil society. A first prototype of the compass, which visualizes both conceptually and quantitatively the societal values in different settings (e.g. country, year, level of sustainability), including goal cross-linkages, will be presented and discussed. The compass, once finalized in mid-2018, can be used by anybody – managers, policy-makers, researchers and students alike – to engage in a systematic analysis of any country or sector looking beyond the current trend to compare different ways forward into a sustainable future.