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COUNTDOWN TO 2030
People, because poverty and hunger have no place in our wealthy world. Planet, because it needs to support the needs of future generations. Prosperity, so all human beings and other inhabitants can benefit from social and technological progress. Peace, because our societies should be inclusive and free of the threat of violence. Partnership, because we can't achieve this without everyone's spirit and solidarity.
Transforming our world
The 2030 Agenda for Sustainable Development
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The circular economy aims to eradicate waste, systematically, throughout the life cycles and uses of products and their components. Component and product cycles of ‘use and reuse’ fed into by-product design, help define the concept of a circular economy and differentiate it from the linear take–make–dispose economy, which creates a disconnect with our ecosystems and wastes large amounts of resources, embedded materials, energy, and labour.
The Ellen MacArthur Foundation estimates that the Circular Economy will create in excess of €1.5 trillion in value in Europe alone by 2025. Adopting circular principles could mean you will:
- Release additional value from materials and assets to add new sources of value
- Employ more efficient operating models, thereby reducing operating costs
- Develop longer term service based relationships with customers
- Create opportunities for higher financial returns with lower risk
- Attract investment from sustainable/social responsible investing
- Attract consumers and employees who care about their global impact and can help to enhance your brand
- Foster deeper collaboration across value chains/links to help identify new opportunities
- Create less waste in a world with finite resources and equip your business to build in resilience.
