Home » Holcim helps found circular economy taskforce

Holcim helps found circular economy taskforce

by Mark Cantrell
The two organisations have teamed up to provide insight into the circularity of building components and materials

Holcim has signed up to become a founding member of a new Circularity Taskforce, launched at COP28 in Dubai, to accelerate the world’s shift to a sustainable circular economy.

Created by the Sustainable Markets Initiative (SMI), the taskforce aims to “close essential material loops to advance climate action, while preserving nature’s resources and planetary boundaries”.

A circular economy, in other words, seeks to re-use, refurbish, and recycle products and materials – thereby minimising waste – to drastically reduce environment impact.

Jan Jenisch, Holcim’s chairman and chief executive, said: “With our world’s rising population and urbanisation, we need to build better with less to raise living standards for all while preserving nature.

“Circularity is a game-changer to make this happen at scale. 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. I am excited to be joining like-minded organisations to accelerate the shift to a more circular future together.”

The company’s goal is to recycle more than 10m tonnes of construction demolition materials by 2025 as part of its decarbonisation efforts.

As one of the founding members of the Circularity Task Force, Holcim will work with its fellow members to champion “tangible, scaleable, and sustainable” circular business practices. Together, they will also seek to raise awareness of supportive regulatory frameworks.

Terra Carta

The taskforce is is aligned to the Terra Carta articles, and will work across sectors to drive a path forward to more sustainable, circular business practices.

As the SMI explains, the Terra Carta – its name was inspired by the Magna Carta – sets “ambitious and practical” actions to help the private sector accelerate its progress towards a sustainable future. It is a strategic action plan putting Nature, People, and Planet at the “heart of global value creation”.

The taskforce will be coordinated by Gemini Corporation, and its chief executive, Kunaal Patawari will serve as its chair. The company is said to have extensive experience in the circularity sector.

Patawari said: “With the Terra Carta as our guiding light, the Circularity Task Force will focus on the mission-critical objective of unlocking and embedding circularity into the pursuit of value creation.

“As part of the Sustainable Markets Initiative, we aim to influence capital allocation beyond numbers towards forming a legacy of responsible and impactful collaborations that deliver uncompromised returns.

“The equation is simple yet profound: In nurturing the planet and its inhabitants, we will sculpt a narrative of business triumphs that surpass conventional benchmarks.

Along with Holcim, and Gemini, the other founding members of the taskforce are: First Abu Dhabi Banks, Dubai Airports, Investcorp, and LGT Group.

The Sustainable Markets Initiative was found by King Charles III in 2020, as then Prince of Wales. Launched in 2021, the Terra Carta serves as the initiative’s mandate.

Read next: COP28 launch for cement industry’s net zero progress report

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