Sustainability
For Blue Phoenix Group, sustainability is at the core of what we do and who we are. We have integrated our mission of “building a sustainable future” into our corporate strategy to ensure that everything we do contributes to that ambition.
The goal of the strategy is to contribute to a circular and net-zero economy while also providing a safe and healthy workplace for all of our employees.
To that end, we identified three strategic pillars on which we can have the greatest impact: the circular economy, climate impact, and health and well-being. These three focus areas' will guide our actions to meet our 2030 goals, and ensure a sustainable future socially, economically and environmentally.
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This report outlines our group wide sustainability activities and highlights the commitments and progress made across our three pillars of the circular economy, climate impact, and health & well-being.
Why we do it
The climate crisis requires immediate action if our society wants to limit the temperature increase to 1.5°C above pre-industrial levels. There is well-supported evidence that global warming is caused by the unprecedented greenhouse gas (GHG) emissions caused by the combustion of fossil fuels since mid-1700 and the degradation of natural environments that act as a sink of atmospheric CO2. Climate change will likely increase extreme weather events such as heatwaves, droughts, floods, fires, infectious diseases, and more, which will undoubtedly impact the economy and human well-being.
As a waste treatment company, we believe that improving waste treatment and the use of secondary resources from waste products is critical if we are to limit GHG emissions, pollution, and land-use changes. Even if all countries that signed the Paris Agreement committed to their target reductions in greenhouse gas (GHG) emissions, temperatures are still expected to rise by 2-3 degrees Celsius. As a result, in addition to reducing GHG emissions, we must improve resource circularity. According to the Ellen MacArthur Foundation, adopting a circular economy has the potential to reduce global GHG emissions by 39% and virgin resource use by 28%, allowing society to close the emissions gap required to limit temperature rise and its negative consequences. This will require efforts from governments, industries, and individuals alike. We must reduce our reliance on fossil fuels, build more efficient and eco-friendly technologies, and responsibly consume and dispose of resources.
As a company ina the waste treatment sector, Blue Phoenix Group plays a crucial role in the recovery of valuable resources from incinerator bottom ash from Waste-to-Energy facilities, diverting waste from landfills and preventing primary resource extraction. As a Group, we strive not only to contribute to the circular economy continuously but also to reduce the climate impacts of our operations while ensuring a safe and healthy workplace for our employees.
