How does the company track the effectiveness of its policies and actions related to resource use and circular economy through defined targets, in accordance with the requirements set out in ESRS 2 MDR-T?

Provide a description of the targets related to resource use and the circular economy in accordance with the information requirements defined in ESRS 2 MDR-T Tracking effectiveness of policies and actions through targets. Include the following: Target Definition: Clearly define the specific targets your company has set to improve resource use and implement circular economy principles. Examples of targets might include increasing the use of recycled materials, reducing waste sent to landfills, improving resource efficiency, or achieving a specific percentage of sustainable sourcing for materials. Measurability: Specify how progress toward these targets will be measured. Include relevant key performance indicators (KPIs) or metrics that will track the effectiveness of the actions taken to achieve these targets. For example, you might track waste diversion rates, percentage of recyclable content in products, or reduction in water consumption. Timeframe: Indicate the timeframe for achieving each target, specifying short-term and long-term goals (e.g., 2025, 2030). Responsibility and Accountability: Identify the responsible parties or departments accountable for achieving the targets (e.g., sustainability team, operations, procurement). Progress Monitoring: Explain the monitoring process used to track progress toward the targets, including any periodic reviews, audits, or updates. Adjustments and Updates: Describe the process for adjusting targets, if necessary, based on performance or external changes (e.g., new regulations, technological advancements). Ensure that your description is clear, specific, and includes both qualitative and quantitative information to demonstrate the company's commitment to improving resource use and adopting circular economy practices.