| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | TOM NO |
| ISIN code | NO0012470089 |
| Industry group | Capital goods |
Tomra is a Norwegian recycling company, founded on an innovation in 1972, when it began with the design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Today, the company provides technology-led solutions that enable the circular economy with advanced collection and sorting systems that optimize resource recovery and minimise waste in the food and recycling industries. The company operates worldwide and has around 5,000 employees.
Investment rationale
Tomra invented the world's first reverse vending machine in 1972. Since then, it has been on a mission to provide innovative and resourceful collection solutions and later also sorting solutions. Each of the company's three segments contribute in one way or another to a more sustainable world:
- Collection: collecting and processing used beverage containers, so that they do not go to waste.
- Food: sorting and peeling solutions to improve food quality and food safety and to increase processing capacity.
- Recycling: sensor-based sorting in the waste and metal recycling industry to optimise sustainability and operational value.
Some statistics to illustrate Tomra's impact:
- 45bn used beverage containers (just 3% of all beverage containers!) are collected through Tomra reverse vending machines.
- In 2022, the company avoided 20m tons of CO2 being released into the atmosphere.
- Tomra food sorting machines inspect millions of pieces per hour, helping to divert 5-10% of this material from going to waste. This equals 25,000 trucks per year in potatoes alone.
The above shows that Tomra significantly contributes to a cleaner and more sustainable environment. While benefiting us all, over time our children are the main benficiairies. If we want our children to grow up in a cleaner, more sustainable environment, we need less waste, more recycling and more Tomra.