How does the company address resource use and circular economy practices, including improving resource efficiency (especially in critical raw materials and rare earths), promoting secondary raw materials (recyclates), applying circular design for product durability and optimisation, implementing circular business practices (value retention, maximisation, end-of-life actions, and systems efficiency), preventing waste generation in its value chain, and optimising waste management in line with the waste hierarchy?
CSRD
In addition to the requirements outlined in ESRS 2 MDR-A, provide details on whether and how your company’s actions and resources address the following areas related to resource use and circular economy:
Resource Efficiency:
Describe any actions taken to achieve higher resource efficiency in the use of technical and biological materials and water, particularly in relation to critical raw materials and rare earths.
Include reference to Raw Materials Information System if applicable, and provide details on efforts to reduce resource consumption while maintaining operational performance.
Use of Secondary Raw Materials (Recyclates):
Explain how your company is increasing the use of secondary raw materials (e.g., recycled content) in its products and processes.
Provide specific figures or targets for secondary material use, where available.
Circular Design Practices:
Detail the application of circular design principles, such as increasing product durability and optimizing use through:
Reuse
Repair
Refurbishing
Remanufacture
Repurposing
Recycling
Circular Business Practices:
Describe the implementation of circular business practices, including:
Value retention actions (e.g., maintenance, repair, refurbishing, remanufacturing, component harvesting)
Value maximization actions (e.g., product-service systems, collaborative economy models)
End-of-life actions (e.g., recycling, upcycling, extended producer responsibility)
Systems efficiency actions (e.g., industrial symbiosis, closed-loop systems)
Upstream and Downstream Waste Prevention:
Explain the actions taken to prevent waste generation in both the upstream and downstream value chain.
Highlight collaborations with suppliers, customers, and other stakeholders to reduce waste generation across the value chain.
Waste Management Optimization:
Outline the steps taken to optimize waste management, following the waste hierarchy (e.g., prevention, reuse, recycling, disposal).
Include initiatives to improve sorting, reduce landfill waste, and increase recycling rates.
Ensure your response provides specific examples, targets, and resources allocated to support each of these actions. This will demonstrate how your company integrates circular economy principles across its operations and value chain.
https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#6859