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© Elnur – stock.adobe.com As reported by SAP Brandvoice, recently, at the SAP Sustainability Summit, a group of leaders shared their advice on how to successfully scale a circular economy business model; this comes inline with previous research from SAP, in which 75 percent of surveyed executives believe sustainability is a key driver behind operational and strategic decisions, and that now is the time to act for first-mover advantage on circular economy business opportunities and meeting global climate change targets.
Amongst global corporations opting for circular economy models is H&M. H&M’s strategy supports the Ellen MacArthur Foundation’s vision for a circular economy and covers all parts of their business, products and customer offer, supply chain, and non-commercial goods such as packaging and items used in store interiors, offices and distribution centres.
Similarly, BASF recently opted to move towards a Circular Economy by increasingly using recycled and renewable feedstocks, shaping new material cycles and creating new business models and formally launching a new Circular Economy Program with the goal to by the year 2030, doubling its sales generated with solutions for the circular economy to €17 billion. To achieve this, the company is concentrating on three action areas: circular feedstocks, new material […]