Holcim co-founds Circularity Task Force at COP28
04 December 2023 10:44
The construction materials manufacturer Holcim has joined the Circularity Task Force of the London-based Sustainable Markets Initiative, further details of which can be found in a press release. The working group, founded at the UN Climate Change Conference (COP28) in Dubai, aims to accelerate the global transition to a circular economy within the construction industry, with the aim of advancing climate protection, conserving natural resources and maintaining planetary boundaries in the process.
Alongside Holcim, the founding members include Dubai Airports, First Abu Dhabi Bank, Gemini Corporation, Investcorp and the LGT Group. The Circularity Task Force is to be coordinated by the Gemini Corporation and its CEO Kunaal Patawari, according to a press release issued by the Sustainable Markets Initiative. The working group is aligned with the charter of the association Terra Carta, which was founded by the present-day King Charles III of the United Kingdom and has proposed a set of principles that puts nature, people and the planet at the heart of global value creation up to the year 2030.
“With our world’s rising population and urbanization, we need to build better with less to raise living standards for all while preserving nature”, comments Jan Jenisch, Chairman and CEO of Holcim, in the press release. “At Holcim we are driving circular construction across all metropolitan areas where we operate to build cities from cities, recycling construction demolition materials into new building solutions”, he adds.
Holcim already processes nearly 7 million tons of demolition material every year, or around 1,000 truckloads per day, into new construction solutions. By 2030, the company intends to expand its ECOCycle circular technology to 150 locations across Europe and recycle more than 20 million tons of construction waste on an annual basis. ce/mm