Sustainability in the Industry
Waste Management and Recycling
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Impacts, Risks and Opportunities
Sustainability in Waste Management and Recycling
The global mountains of waste contain valuable primary raw materials that are becoming increasingly scarce and expensive. Their recovery involves an entire industry. Collecting, sorting and recycling recyclables plays a transformational role. Waste management is becoming the “missing link” for a new raw materials industry – a strong driver for the circular economy and the development of new material flows.
The shredding and separation of various components, especially in the case of composite materials, can require considerable amounts of energy. The largest amounts of waste arise in the construction industry: Here it is important to drill the thickest board and to reuse vast amounts of concrete, stone and steel after demolition for clever, economical reuse. Another elephant in the room is plastic: Even though efforts towards closed plastic recycling are constantly increasing, a large part of the plastic waste is still either burned as processed oil, which is harmful to the climate, or it ends up in non-transparent ways in the environment, rivers and seas. Examples of other challenges facing the industry include the recovery of rare earths in unused smartphones or the crushing and recycling of reinforced concrete.
Improved collection, sorting, reuse and recycling processes with carbon-neutral processes are an important transformation lever to advance the circular economy. A lot of bulky waste collected by municipalities still contains usable products that can be offered at resale points. Companies in the industry are also driving the development of recycling-friendly products that are made from easily separable materials. Many cities have set a “zero waste” goal by 2030, in which the recycling industry plays a central role: the amount of waste must be reduced and all recyclable materials recycled. Collaboration with companies and citizens is also important in order to promote new initiatives such as repair cafés or reusable concepts in the catering industry.
The industry includes, for example, the collection, sorting, treatment and recycling of recyclable materials, environmental cleaning and pollutant removal as well as demolition work.
Industry Materiality
Key Fields in the Industry
Resources
Climate
Value Chain
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EU NACE Classification
Industry NACE Classes
Included NACE classes in the industry
38.11 – Collection of non-hazardous waste
38.21 – Treatment and disposal of non-hazardous waste
38.3 – Recovery
39.00 – Cleanup of environmental pollution and other disposal
43.11 – Demolition work