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Sweden's emissions reduction goals are the most ambitious worldwide: net-zero by 2045. But the energy transition is only part of the story. Our Circularity Gap Report Sweden finds that Sweden must—and can—do more to become a true climate champion. The key lies in building its circular economy to shrink its large material footprint. At only 3.4% circular, most of the resources Sweden consumes are not cycled back into use—and rates of extraction are astronomical. But by building a circular economy across sectors such as the built environment, agrifood, mobility and more, the country can cut its material footprint by 42.6%.