External factors

Long-term development of the Group’s business requires an understanding of the environmental factors affecting operations, customers and other stakeholders. Increased global demand for raw materials, technological and digital advances, and the need to reduce negative climate impact are paramount among them. While continuous investment is required to meet these challenges, this development also presents opportunities for parties to collaborate, developing new business solutions and taking responsibility on the road to a circular economy.

1. GLOBAL FACTORS

  • Increased demand for raw materials
  • Climate change
  • Digitalization and technical development

2. INITIATIVES TO MEET GLOBAL CHALLENGES

  • UN Sustainable Development Goals
  • 2015 Climate Convention and the Paris Agreement
  • Stockholm Convention
  • Basel Convention
  • Europe 2020 – EU strategy for growth and jobs

3. LEGISLATION AND STANDARDS

  • EU Circular Economy Package
  • Rules and environmental requirements for recycling, waste management and exporting waste
  • Legal restrictions on the use of chemicals in manufacturing
  • Rules concerning manufacturer responsibility
  • Local rules and requirements

4. CHANGING ATTITUDES AMONG COMPANIES AND CONSUMERS

  • Increased environmental concern
  • Focus on collaborative and innovative solutions
  • Awareness of circular economics
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