At the recent World Economic Forum, over 30 leading companies, including global cement producer CRH, across 16 sectors joined forces to implement the circular economy through the World Business Council for Sustainable Development‘s (WBCSD) newest initiative, Factor10.
With a collected annual revenue of US$ 1.3 trillion, the companies in Factor10 represent a business effort for circular economy solutions by aiming to reinvent the way that businesses produce, use and, dispose of the materials that make up global trade.
The ultimate goal is to move to a system where waste is eliminated by implementing scalable solutions, where resources are used wisely, processes create the greatest possible value, and nothing is wasted.
“Factor10 represents the critical mass of private sector support needed to implement the circular economy at a global scale”, said Peter Bakker, President and CEO at WBCSD. “We look forward to seeing the companies involved shape the transition to a sustainable future.”
In addition to CRH, cement and concrete additives suppliers, BASF and Yara, also joined Factor 10. Other companies involved include Accenture, Arcadis, ArcelorMittal, BCG, BMW Group, Dow, DSM, Enel, ExxonMobil, EY, Honda, IFF, KPMG, Michelin, Navigant, Novartis, Philips, PWC, Rabobank, Renault, SABIC, Saint-Gobain, Solvay, Stora Enso, Veolia, and Yokogawa.
Read the article online at: https://www.worldcement.com/special-reports/08022018/30-companies-join-forces-to-implement-the-circular-economy/