In our view, there is an urgent need for sustainable development to achieve social, environmental, and economic goals. The world faces a multi-crisis including climate, biodiversity, democracy, and human rights. One of many needs to achieve sustainability is a transition of production systems. This is where we focus our efforts.
Bringing Waste to Life
Re-use of industrial wastes and by-products to contribute to a more circular economy.
Investments in projects which contribute to the UN SDGs and align with UN Global Compact principles.
Local production of food and other resources to increase domestic resilience and reduce demands for imported resources and related transportation.
New local jobs providing opportunities across genders, ages, and skill levels.
Abatement of harmful emissions and effluents attributed to re-use of waste instead of primary virgin resources.
Sustainability targets
Our sustainability targets are anchored in the UN Sustainable Development Goals, the EU Taxonomy environmental objectives, and the Swedish Environmental Goals from the Swedish Environmental Protection Agency.
Our goals are well-anchored in the UN Sustainable Development Goals, the EU Taxonomy environmental objectives, and the Swedish Environmental Goals from the Swedish Environmental Protection Agency. Progress towards our goals will be regularly monitored with the intent to regularly communicate results to our stakeholders.
Invest 10 billion euro in circular production capacity with materially better sustainability performance than current standards, by 2030
Billion Euro investment decisions cumulative
Financial
8. Decent work and economic growth
9. Industry, Innovation and Infrastructure
12. Responsible consumption and production
17. Partnership for the goals
Report established circularity in volume of reused resources
Total cumulative established annual circularity (various units)
Environmental
9. Industry, Innovation and Infrastructure
12. Responsible consumption and production
Start projects by 2030 to avoid 6.000.000 tons CO2-equivalent emissions over agreed project life-times compared to current production systems
Cumulative calculated net metric tons CO2-eq emissions from approved projects
Environmental
9. Industry, Innovation and Infrastructure
12. Responsible consumption and production
13. Climate action
Avoided emissions and effluents to air, water and land by circularity compared to current production systems
Cumulative calculated net metric tons for each pollutant from approved projects
Environmental
9. Industry, Innovation and Infrastructure
12. Responsible consumption and production
14. Life below water
15. Life on land
Create 6.000 new jobs by latest 2030
Number of full-time jobs created
Social
8. Decent work and economic growth
11. Sustainable cities and communities
Zero loss-time accidents per year during project development and construction.
Number of reportable accidents
Social
8. Decent work and economic growth
Development strategy
WA3RM identifies businesses that could run on industrial waste streams and matches these with industrial sites.
WA3RM develops project concepts with physical modelling underlying the business model, enabling focus on maximizing productivity and thereby impact
The industrial symbiosis that WA3RM’s process creates, adds a layer of complexity to projects that WA3RM manages, thereby
offering a one-stop-shop to anchor industries, tenants and finance.
The main impacts will typically appear from fundamentally improving resource efficiency, allowing more sustainable consumption. By replacing unsustainable consumption, projects can be expected to lead to substantial improvements in areas such as avoiding climate change and environmental damage of marine and land environments.
Large-scale projects inevitably have some adverse local effects and risks. These must be managed towards a life-cycle optimum. Legal compliance must be ensured. The Regenergy Project Policy details the demands on WA3RM projects.
WA3RM’s climate impact calculations are based on well-established methodologies and data sources. We use the Greenhouse Gas Protocol standards for our scope 1, 2, and 3 emission calculations and reporting.
We also use GHG emission factors from reliable sources, including but not limited to, the Swedish Environmental Protection Agency (Naturvårdsverket), the Swedish National Board of Housing (Boverket), Building and Planning, and the UK Department for Environment, Food, and Rural Affairs (DEFRA).
For our biodiversity assessments we use public map tools recommended by the EU SFDR such as the European Environment Agency (EEA) GIS map tool, the Key Biodiversity Areas map tool, and the relevant national map tools of Sweden, Denmark, and Norway. For assessments of water stress, we use the public Aqueduct Water Risk Atlas tool from the World Resources Institute (WRI).
For assessments of otherwise protected sites, we use the World Heritage List map tool from UNESCO. Our Code of Conduct and business partner criteria are also based well-established frameworks such as the UN Global Compact, the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, and the OECD Guidelines for Multinational Enterprises.
Our sustainability impacts are regularly monitored using a range of key performance indicators (KPIs).
These KPIs relate directly to our sustainability goals, our sustainability policy, key activities of our business model, our Code of Conduct, and our Green Bond Framework. Our KPIs focus on, but are not limited to, energy consumption and sources, greenhouse gas emissions, waste re-use and output, water consumption and availability, job creation, financial investment into projects,and produced resources.
To review our sustainability KPIs, see the WA3RM Regenergy Development Fund AB Pre-contractual Disclosure here. It should be noted that each WA3RM project may differ and therefore exhibit differences in certain KPIs.
We strive to assess our industrial symbiosis projects in a robust and transparent manner, throughout all phases of project development. The objective of these activities is to create substantial positive impacts from a life-cycle perspective and avoid causing any significant harm with our projects.
Each project is also required to follow the Regenergy Project Policy. This policy guides projects to set relevant sustainability targets, embed such targets in partner agreements, and perform in-depth assessments related to ecology, forestry, biodiversity, water, climate impacts, labor, cultural values, and more. These assessments guide decision-making in our projects, while helping us manage risks and avoid adverse impacts.
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