External factors

Long-term development of the Group’s business requires an understanding of the environmental factors affecting operations, customers and other stakeholders. Increased global demand for raw materials, technological and digital advances, and the need to reduce negative climate impact are paramount among them. While continuous investment is required to meet these challenges, this development also presents opportunities for parties to collaborate, developing new business solutions and taking responsibility on the road to a circular economy.

1. GLOBAL FACTORS

  • Increased demand for raw materials
  • Climate impact
  • Digitalization, robotization, technical developments and accessibility of information.

2. INITIATIVES TO MEET GLOBAL CHALLENGES

  • UN Sustainable Development Goals (SDGs)
  • Paris Climate Agreement
  • Stockholm Convention
  • Basel Convention
  • Europe 2020 Strategy for growth and jobs

The Group continuously analyzes global and local developments. It is also important to assess initiatives, such as UN Agenda 2030 and international agreements on climate impact and chemical use. The business community has an
important role to play in achieving the goals of Agenda 2030 and other targets set by global regulatory bodies.

3. LEGISLATION AND STANDARDS

  • EU circular economy package
  • Regulations and environmental requirements for recycling and waste management
  • Legal restrictions on the use of chemicals in products
  • Producer’s responsibility regulations
  • Local regulations and requirements

4. CHANGING ATTITUDES AMONG COMPANIES AND CONSUMERS

  • Increased focus on sharing economy
  • Reuse
  • Environmental awareness
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