Companies operating in a diverse range of industries are committing to growing the circular economy.
A host of global brands, including the likes of Coca-Cola and McDonald’s, are stepping up their zero waste ambitions. Innovators Magazine reported earlier this week that 30 companies, with revenues of $1.3 trillion, had signed up for the World Business Council for Sustainable Development’s (WBCSD) new Factor 10 initiative, which aims to transform how ‘business produces, uses and disposes of the materials that make up global trade by moving away from the traditional take-make-dispose economic model to one that is regenerative by design’.
And international chemical company, Solvay Group, is another joining the circular economy movement.It has penned a three-year Global Partner agreement with leading circular economy body, the Ellen MacArthur Foundation. The pair will collaborate to move the chemical industry towards circular economy practices.
“We are delighted to welcome Solvay as a Global Partner of the Ellen MacArthur Foundation. The chemicals industry lies at the heart of the global economy, so holds great potential to spark system-level change in the move towards a restorative and regenerative circular economy,” said Dame Ellen MacArthur.