Building materials producer Holcim has joined the London Sustainable Markets Initiative ‘s Circularity Task Force, according to a press release. The task force, which was founded at the UN Climate Change Conference in Dubai, aims to accelerate the global transition to a circular economy in the construction industry in order to promote climate protection, conserve natural resources and respect planetary boundaries.
The founding members are Holcim Dubai Airports, First Abu Dhabi Bank, Gemini Corporation, Investcorp and LGT Group. According to a statement from the Sustainable Markets Initiative, the Circularity Task Force will be coordinated by Gemini Corporation and its CEO Kunaal Patawari. The task force is guided by the principles of Terra Carta, an association founded in 2021 by King Charles of England, which proposes a series of measures for sustainable global value creation by 2030.
“In view of the growing world population and urbanisation, we need to build better with fewer resources,” Holcim’s President and CEO Jan Jenisch is quoted as saying in the company’s own press release. “At Holcim, we are driving circular construction in all the metropolises where we operate to build cities out of cities by recycling demolition materials for new construction solutions.”
Holcim already processes almost 7 million tonnes of demolition material per year, or around 1,000 truckloads per day, into new construction solutions. By 2030, the company wants to expand its ECOCycle recycling technology to 150 sites in Europe and then recycle more than 20 million tonnes of construction waste every year.
