<abstract> <p>The interest in circular economy for the construction sector is constantly increasing, and Global Warming Potential (GWP) is often used to assess the carbon footprint of buildings and building materials. However, GWP presents some methodological challenges when assessing the environmental impacts of construction materials. Due to the long life of construction materials, GWP calculation should take into consideration also time-related aspects. However, in the current GWP, any temporal information is lost, making traditional static GWP better suited for retrospective assessment rather than forecasting purposes. Building on this need, this study uses a time-dependent GWP to assess the carbon footprint of two newly developed construction materials, produced through the recycling of industrial residues (stainless steel slag and industrial goethite). The results for both materials are further compared with the results of traditional ordinary Portland cement (OPC) based concrete, presenting similar characteristics. The results of the dynamic GWP (D_GWP) are also compared to the results of traditional static GWP (S_GWP), to see how the methodological development of D_GWP may influence the final environmental evaluation for construction materials. The results show the criticality of the recycling processes, especially in the case of goethite valorization. The analysis shows also that, although the D_GWP did not result in a shift in the ranking between the three materials compared with S_GWP, it provides a clearer picture of emission flows and their effect on climate change over time.</p> </abstract>