Swedish industry has made great strides, especially in comparison with their international competitors. According to the Dow Jones Sustainability World Index, Swedish industry is in the top 10% of the most sustainable companies in the world. However, there are many challenges left, not least in tackling climate change and promoting the transition to a circular economy based on renewable and recyclable raw materials.
Swedish industry has chosen to meet these challenges by acting as a role model and has expressed a special interest in circular solutions as these are the most resource-efficient, climate-friendly and sustainable, also in terms of profitability. With the goal of creating new solutions for a climate-smart economy, Swedish industry has strengthened the strategic link between innovation and the circular economy. This is exactly what WA3RM offers with our waste-to-x projects.
It is a strategic priority for the industry to minimize CO2 emissions throughout the value chain: from purchases upstream via its own processing stage to downstream handover to additional processing stages and end customers. Swedish industry has often been successful upstream as raw materials often consist of renewable resources. Alternatively, they have put pressure on their suppliers. However, emissions often occur in the company’s own processing stage, something that needs to be managed. Admittedly, a lot has happened in recent years in terms of reducing emissions, transforming residual currents to something of reusable value, e.g., heating houses, but there are still large emissions that need to be managed. In many cases, we see that industry is struggling with remaining residual currents and fail to reduce these quickly enough within their own sphere.
Both many large Swedish industries and their major shareholders, such as AMF Pension, Investor, etc., have chosen to use the UN’s Sustainable Development Goals (SDG) in order to adapt both the business model and value-creating activities to the target year 2030. The goals are integrated into the strategy and are followed up through the company’s sustainability reporting. Below is a matrix of the SDGs that several major industries have chosen and the SDGs that WA3RM’s projects typically contribute.