Factor10: Circular Economy

  • Author: ChemistryViews.org
  • Published: 03 February 2018
  • Copyright: Wiley-VCH Verlag GmbH & Co. KGaA
  • Source / Publisher: World Business Council for Sustainable Development (WBCSD)
thumbnail image: Factor10: Circular Economy

Over 30 leading companies across 16 sectors joined forces to implement the circular economy through the initiative Factor10. Collectively the companies are responsible for USD $1.3 trillion in annual revenues. The initiative aims to persuade companies to adopt systems in which more waste is eliminated – or prevent the generation of garbage in the first place and to collaborate on solutions that go beyond business as usual.


The circular economy aims to reinvent the way that business produces, uses, and disposes of the materials that make up global trade. The goal is to move away from the traditional “take-make-dispose” economic model to one that is regenerative by design and to ultimately move to a system where waste is eliminated. According to Accenture, the circular economy represents a USD $4.5 trillion opportunity and will be critical for achieving the Sustainable Development Goals (SDGs).


This year, the initiative will focus on three priority areas:

  • developing transformative cross-value chain solutions that unlock circular opportunities for business;
  • generating circular economy knowledge to help business understand the landscape, best practices, and leading examples; and
  • amplifying the business voice globally.


To date, companies involved include Accenture, Arcadis, ArcelorMittal, BASF, BCG, BMW Group, CRH, Dow, DSM, Enel, ExxonMobil, EY, Honda, IFF, KPMG, Michelin, Navigant, Novartis, Philips, PWC, Rabobank, Renault, SABIC, Saint-Gobain, Solvay, Stora Enso, Veolia, Yara, Yokogawa.


 

Article Views: 1227

Sign in Area

Please sign in below

Additional Sign In options

Please note that to comment on an article you must be registered and logged in.
Registration is for free, you may already be registered to receive, e.g., the newsletter. When you register on this website, please ensure you view our terms and conditions. All comments are subject to moderation.

Article Comments - To add a comment please sign in

Bookmark and Share

If you would like to reuse any content, in print or online, from ChemistryViews.org, please contact us first for permission. more


CONNECT:

ChemistryViews.org on Facebook

ChemistryViews.org on Twitter ChemistryViews.org on YouTube ChemistryViews.org on LinkedIn Sign up for our free newsletter


A product of ChemPubSoc Europe (16 European Chemical Societies)and Wiley-VCH