Communities
18 March 2022
Anglo American’s approach to the Circular Economy
At Anglo American, we have a clear Purpose: to re-imagining mining to improve people’s lives.
At Anglo American, we have a clear Purpose: to re-imagine mining to improve people’s lives.
The products that we provide are essential for the future of society, particularly as we strive to build a more sustainable, equitable and decarbonised world.
Global demand for minerals and metals is expected to rise substantially in the coming decades to meet this challenge. This reinforces the importance of being able to provide the goods and services society needs to grow, while managing impacts and delivering positive social, economic, and environmental outcomes.
This challenge is at the heart of the circular economy which looks to eliminate waste in all its forms, making the most of what we have, natural resources included. It advocates re-using, redesigning and, sharing, repairing, refurbishing, re-manufacturing, and recycling – consuming fewer resources in the first place and using them for longer.
At a more fundamental level, it is about creating new models for businesses to promote and incentivise efficiency and ultimately, decouple growth from resource use.
The circular economy means designing waste out of our entire value chain and creating a system of net positivity to ultimately protect the Earth’s finite supply of natural resources. It is more than recycling, it is more than a project or an initiative, it is a new way of thinking that we are striving to adopt.
This aspiration is in line with our ambition to become a materials solutions provider.
The circular economy is changing the way we look at our business, in three ways:
– In our operations, we seek to optimise the use of resources, eliminating physical waste and maximising process efficiency. We aim to achieve a neutral or even net positive impact on the environment. In turn, this helps us to create thriving communities, one of the three Global Sustainability Pillars of our Sustainable Mining Plan.
– Throughout our value chains and across our Marketing business, we work to maximise the value of our products during their full lifecycle. We also support the development of technological innovation that can serve to advance this goal.
– Through holistic business transformation, we are growing our business in ways that adapt to and shape the change around us. Circularity is one of the lenses that we use to support our journey from mining and metals company to material solutions provider.
As we gain a deeper understanding of circularity and how it intersects with our business, we are working to embed circular principles into our processes and build a culture that fully embraces circularity.
Other examples of our approach to circularity in action include our ongoing portfolio transition towards metals and minerals that support a greener, cleaner, more sustainable world; our efforts to reduce energy consumption and intensity; and our increased use of renewable energy.
In 2022, Anglo American held the second cohort of CircuLab.
Of the roughly 200 ideas submitted, we selected 18 to move forward. These include projects to eliminate single use plastics, using microbiology to improve metal recovery, and exploring how to increase awareness of the circular economy in host communities.
In addition, three pilots from 2021 are still ongoing, covering the development of a prototype for the automated recovery of nickel dust from around the furnace, using biofuel and turning waste rock into soil.
CircuLab is about encouraging employees to think about new ways to approach materials that would normally be considered waste as something of value. It democratises innovation and sustainability by empowering our people to find circular opportunities and design ways to remove waste from our operations.
By harnessing and directing the insights and energy of innovators across our business, we can create incredible opportunities for our people and our business, to take us even further in the transition to the circular economy.