Sidenor 2022 Sustainability Report

62 Sustainability Report 2022 | Environmental sustainability For Sidenor, circular economy is a shift lever to improve its competitiveness, by minimizing the impacts of our products and production processes. For this reason, our strategy is based on the concept of steel life cycle, which takes into account all supply chain aspects, from the development, production and efficient resources consumption to the recycling of the product at the end of its useful life, in order to:  Manufacture products with a smaller environmental footprint.  Combat climate change.  Improve economic results while reducing resource use.  Open new customer and financing markets.  Ensure the supply security of essential resources. As part of this commitment, we have adhered to the Circular Economy Agreement, promoted by the Ministries of Agriculture and Fisheries, Food and Environment as well as Economy, Industry and Competitiveness, which aims at involving the main economic and social players in Spain in the transition towards a new economic model. Circular economy and environmental protection Our strategy is based on the concept of steel life cycle, which takes into account all supply chain aspects