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11 July 2024 / Quick Take
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Copy LinkIn 2023, 13% of Russell 3000 companies mentioned the “circular economy” in their public sustainability reports, up from just 3% in 2020. This increase underscores a growing focus by governments, investors, and consumers on sustainability practices and reporting frameworks related to the circular economy—the reuse, repair, refurbishment, and recycling of materials and products.
Increased circularity offers tangible environmental and business benefits, such as reduced resource extraction, lower emissions, decreased waste, and enhanced resource efficiency and recycling rates. As corporate focus on circularity intensifies, company leaders can drive the incorporation of specific circular economy targets into their organization’s strategic plans. These goals can include reducing waste, increasing recycled content, and implementing take-back programs. They should also set measurable key performance indicators, such as the percentage of materials recycled, the number of products refurbished, and the reduction in virgin material usage.
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