World Economic Forum
Climate Impact & Sustainability Data (2015)
Reporting Period: 2015
Environmental Metrics
Waste Generated:around 10 billion tonnes/year
ESG Focus Areas
- Environment and climate conservation
- Fair value and development
- Transparency and human rights
- Health and well-being
Environmental Achievements
- Increased recycling rates in some commodities
- Reduced energy usage in some metal production processes through recycling
Social Achievements
- Improved safety performance in developed economies
- Increased stakeholder engagement
Governance Achievements
- Increased transparency in some sectors
- Development of a framework for sustainable mining and metals
Climate Goals & Targets
Long-term Goals:
- Achieve a more circular economy by 2050
Environmental Challenges
- Declining ore grades
- Resource scarcity
- Growing social pressure for sustainability
- Varying regulatory frameworks globally
- Potential resource nationalization
- Informal recycling in developing countries
- Mismatch between scrap availability and demand
- Limited consumer preference for recycled products and alternative ownership models
- Technological disruptions
- Potential for a two-speed world in sustainability adoption
Mitigation Strategies
- Development of a framework to guide the sector's transition to a more sustainable world
- Promoting recycling and reuse of commodities and metals
- Investing in new technologies for efficient waste retreatment and metal recovery
- Developing new partnership models
- Improving infrastructure for recycling
- Strengthening regulation and legislation
- Promoting sustainable consumer behavior
- Addressing target conflicts between circularity and growth