Digitalisation, urbanisation, population growth and a growing middle class, as well as limited natural resources, are examples of the megatrends shaping the world. Much remains to be done to improve resource efficiency, as no less than 90 per cent of raw materials used in production end up as waste.
There are now 7.1 billion people on Earth, using up 1.5 times the Earth’s natural resources every year. The circular economy is a model in which materials circulate in society for as long as they have any value. When someone’s waste becomes another’s raw material, the generation of waste is eliminated and the need for virgin raw materials is reduced. Circular economy is a requirement for sustainable development.
At Fortum, the circular economy means that as much of the materials as possible is directed to be recycled. At the same time, hazardous substances are removed from circulation. We believe that a phased migration to a circular economy offers a positive perspective and invaluable solutions to today's problems.
Our goal is to develop our recycling business and launch new solutions on the market for utilising waste as a raw material. We support industries and social actors to find solutions in which someone’s waste is another’s raw material. We are also actively involved in research and development projects that aim at sustainable solutions.