Increase the recycling and recovery rate to 68% by 2025

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Why this matters

The significant aftermarket and maintenance requirements of our products, which often run for decades, means the incentive for circularity and resource efficiency is deeply embedded in our business model.

At the beginning of 2021, we introduced a new target to increase the recycling and recovery rate to 68% by 2025. Moving up the waste management hierarchy, this target incentivises circularity by keeping materials within the value chain and avoiding waste being sent to incineration or landfill.

How we have performed

Our recycling and recovery rate for 2023 was 60.0%. This represents a 2.7% reduction against the 2019 baseline, driven by an increase in production resulting in more non-recycled foundry sand and chemical process waste. Our Power Systems business has a recycling and recovery rate above 80%. During the year, 6.1 kilotonnes of waste were sent to landfill, a 24% increase since 2014, primarily due to the increase in waste foundry sand. We continue to work to identify appropriate alternatives to landfill disposal for complex waste streams, such as foundry sand.