CEO Guide to The Circular Economy
The circular economy is a $4.5 trillion opportunity. It presents huge potential for global economic growth and will also accelerate society towards a sustainable future. The concept of the circular economy isn’t widely understood by business. Mobilizing this opportunity will remain a challenge until many more business leaders adopt a “circular mindset.” This is the biggest opportunity to transform production and consumption since the First Industrial Revolution 250 years ago. By unleashing circular innovation, we can boost the global economy’s resilience, support people and communities around the world and help fulfill the Paris Agreement and the UN Sustainable Development Goals. The circular economy is a new way of looking at the relationships between markets, customers and natural resources. It leverages innovative new business models and disruptive technologies to transform the linear economic model.
By moving towards the circular economy, business can capture significant benefits, including:
- increased growth;
- innovation and competitive advantage;
- cost reduction;
- reduced energy consumption and CO2 emissions;
- increased supply chain and resource security.
Strong and visionary CEO leadership is essential for implementing the circular economy and for reaching new levels of sustainable economic growth.
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