We will drive the shift to more circular business models and use of resources, finding ways to close loops and generate new revenue streams from the processes and materials we use.
Progress during the last year
We continued to run projects to reduce, reuse and recycle waste at our sites. Sandvik Mining and Rock Solutions developed an app for all of its sites to gather information about waste. Sandvik Rock Processing Solutions developed its solution to reuse excessive heat from production processes.
A circularity solution won the 2022 Sandvik Sustainability Award in Memory of Sigrid Göransson. The new technology to recycle the tungsten inserts on drill bits at customer sites turns the customer's waste into new products, local jobs are created and supply chain risks are reduced.
Increased waste circularity
Our target* is to increase our waste circularity to 90 percent by 2030. The target for 2022 was 70 percent. The table and graph show the waste circularity in per cent for 2021–2022.
*This target was revised in 2021 to better reflect our efforts towards circularity and we will report on waste circularity rather than total waste from this point.
In 2022, our waste circularity was 74 percent. The dotted line is an indication of how well we are in line with the 2030 targets, meaning we are ahead of the requirements to achieve the target.
We have excluded tailings from our mine operations, since our ability to impact these volumes is limited. The target is adjusted for structural changes.