Understanding the Circular Economy – A Key ESG Imperative

Key Takeaways:

• A circular economy aims to make sustainability lucrative and profitability sustainable throughout industries, sectors, and lifestyles, not merely by redressing environmental wrongs. 
• It has been demonstrated that implementing circular economy concepts may promote biodiversity, minimize water pollution, and improve air quality in addition to the climate emergency.
• The circular economy is a crucial element of the sustainability agenda and has the potential to contribute to multiple different Sustainable Development Goals. (SDGs). The circular economy's foundation is the SDG Responsible consumption and production.  
• A circular economy encourages the use of biodegradable materials and strives to improve environmental sustainability by changing how firms manufacture their products. Companies drastically reduce trash going to landfill and cut material prices by producing materials from discarded items and products.  
• With the recycling sector expanding globally, there is a chance to create hundreds more in cash and thousands of jobs in the economy, which are now being lost to the existing linear paradigm.