We build circularity
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.
- In 2020, 82 percent of our steel produced was made from recycled material. Steel wear parts produced at our Svedala site in Sweden are made from 91 percent scrap.
- In our metal-cutting operations, we initiated a program to identify packaging solutions based on non-fossil material.
- In our Rebuild program, we extend the lifecycle of mining equipment by refurbishing the entire unit at optimal intervals. In 2020, we did a number of Rebuild projects.
More examples of how we make progress
- We have started to use recycled plastic around our stainless steel tubes.
- Slag residue from our steelmaking process is being reused to make new products such as concrete blocks and asphalt.
- 18 of our production sites have reported a 100 percent waste recovery rate.
We need to reduce our waste to 38.8 ktons to achieve a 50 percent reduction by 2030. The graph shows the reduction of waste for 2016–2020.
In 2020, we reduced our waste by 18 percent to 71 ktons, mainly due to reduced production volumes. The dotted line is an indication of how well we are in line with the 2030 targets, meaning we are on par with the requirements to achieve the target.
We have excluded tailings from our mine operations and slag from our steel manufacturing, amounting to more than 80 percent of the total waste, since our ability to impact these volumes is limited. The target is adjusted for structural changes.