Transparency in extractive industry as a driver for circular economy implementation - case of Poland

The Green Deal and the New Industrial Strategy for Europe recognize the access to raw materials and the security of supply from secondary and primary sources as essential for Europe's transition to sustainability. It can be expected that with the development of the circular economy approach, the extraction of primary resources would be diminished, but it is emphasized that a circular economy may need a wider range of metals and other raw materials critical to the new environmentally friendly technology, especially in renewable energy and mobility. Therefore, the latest global initiatives and EU policies focus on ensuring resource efficiency in a holistic manner, from the extraction of raw materials to the re-use of the end products, which requires data transparency not only on material and waste flows, but also on financial and economic burdens including incentives and subsidies. In addition, for sectors with significant environmental impacts, the transparency of information on payments to central governments and local authoritiescan increase social acceptance and accountability and allow for further development. The paper analyzes regulations and initiatives supporting the disclosure of wider data than required in financial and corporate social responsibility reporting related to the implementation of a circular economy. As circular economy indicators take upstream resource flows into account, the transparency of environmental and economic data in the value chain is required, for example for the calculation of the environmental footprint. Moreover, transparency is important for mining companies' stakeholders to increase social acceptance of mining activities and facilitate the transition to a circular economy.