Reduce pressure on natural resources
The Circularity Gap Report states that the global economy is only 7.2 % circular. NG group offers circular solutions to reverse the current overshoot. By promoting recycling and reuse, NG Group helps reduce pressure on natural resources and hereby reduce the demand for virgin materials. This is an important step towards sustainable development. Annually, we recycle and recover more than half of all the collected waste, including paper, concrete, plastic, glass, gypsum and metals. Gypsum is gathered and repurposed into new construction materials. We combat the scarcity of metals like iron, steel, aluminum, and copper by collecting, sorting, and ensuring they return to the material loop. By reducing the pressure on virgin materials, and eliminating harmful substances from the cycle, we make it possible to reduce the pressure on natural resource extraction.
To limit global warming to well below 1.5 degrees and achieving the goal of the Paris Agreement, we must reduce emissions of greenhouse gases. NG Group’s portfolio companies contribute by actively participating in recycling and maintaining products in circulation. Through material recycling, we avoid the release of approximately 1 million tons of greenhouse gas emissions on an annual basis compared to producing virgin raw materials.
In the realm of waste processing, NG Group assumes a pivotal role within the circular economy by offering innovative and sustainable solutions, positioning itself uniquely to confront the forthcoming challenges head-on. We are moving from our traditional role as a logistic player to becoming pioneers in circularity. This evolution involves a more active role downstream, with emphasis on developing products and producing green energy from the waste we manage. Our downstream expansion is dedicated to valorizing waste, ensuring that we extract value from discarded materials.
To achieve this, we expanded our waste sorting capabilities, and are enhancing our ability to manage and utilize waste effectively. Driving the transition to a circular economy across the Nordics, we position ourselves as a smart feedstock aggregator by accelerating waste valorization and digitizing the waste industry. The preparation of these initiatives is evident in our organizational structure, where we have established dedicated platforms have to facilitate a seamless transformation. This transformation aims to sharpen our strategic focus.NG Group has formed strategic partnerships aimed at building closed-loop value chains, where resources are utilized efficiently, and waste is minimized.
Sustainability Linked Loan
As a part of our commitment to sustainability NG Group has structured a sustainability-linked loan where the pricing of the loan is linked to the achievement of defined sustainability targets. The targets are set to cover; emission reduction through science-based targets, the positive impact in the value chain through avoided emissions, ethics in the value chain through number of audits of high-risk business partners, safety through LTIFR on a three-year rolling average, diversity through proportion of women among leaders and specialist function.
Key sustainibility performance indicators
Climate change - total emissions (scope,1,2,3) in 2022
Material recovery in 2022
Gender equality - share of female leaders
LTIFR-value in 2022