The Circularity Gap Report states that the global economy is only 7.2% circular1 . NG Group offers circular solutions to reverse the current overshoot. By promoting recycling and reuse, NG Group help reduce pressure on natural resources and hereby reduces the demand for virgin materials. This is an important step towards sustainable development. Annually, we recycle and material recover more than half of all the collected waste, including paper, concrete, plastic, glass, gypsum, and metals. Gypsum is gathered and repurposed into new construction materials. We combat the scarcity of metals like iron, steel, aluminium, and copper by collecting, sorting, and ensuring they return to the material loop. By reducing the pressure on virgin materials, we make it possible to reduce the pressure on natural resource extraction.

In 2023, Norsk Gjenvinning Norge AS, the parent company of NG Group AS, signed a sustainability linked loan. Sustainability linked loans aim to facilitate and support environmentally and socially sustainable economic activity and growth. We are now linking a proportion of our interest rate cost to the achievement of agreed upon sustainability targets. The sustainability performance targets for the agreement were developed in close collaboration with our banks and are rooted in NG Group’s sustainability strategy. The sustainability linked loan for NG Group is operationalized in each platform to ensure a joint approach to achieving the targets. The performance against the targets are reported annually in the Annual Report to ensure transparency and is subject to a third-party verification.