Circular economy beyond steel recycling: SfC live engagement with Befesa

During the summer meeting in Bochum, SfC members had the opportunity to take part in a live engagement session with Befesa, a global leader in steel dust and aluminium recycling.
The discussion was held with Thomas Rosenke from Befesa’s Investor Relations team. SfC members engaged directly with the company on its climate strategy, energy consumption, and emissions reduction targets.

The session provided a valuable opportunity for members to gain a deeper insight into Befesa’s two core business activities (Steel Dust Recycling and Aluminium Waste Recycling), whilst raising questions across a broad spectrum of topics. These ranged from social issues, such as the inclusion of women in a traditionally challenging industrial sector, to environmental concerns regarding the necessary increase in renewable energy use, as well as governance matters like the company’s tax practices.

As a first engagement meeting, the discussion provided a useful introduction to the company’s approach, while also highlighting the need for a follow-up dialogue with Befesa’s ESG experts to address these issues in greater depth. 

The  session proved to be an excellent exercise for the network itself. It offered a practical demonstration of how different members work and the distinct approaches they bring to the table, which was particularly useful for aligning the new members who joined SfC this year.