A multi-billion dollar global corporation has pledged to shift to a circular model by 2050.

Yokogawa has over 100 companies worldwide and is active across a range of sectors delivering tech and product solutions. In a statement released today, the Japanese headquartered company has committed to achieving its own sustainable development goals – in line with the UN’S SDGs – by 2050.

And making the transition to a circular economy lies at the heart of that strategy. “We aim to realize a social framework and ecosystem in which various resources are circulated without waste and assets are utilized effectively,” the statement says.

Takashi Nishijima, Yokogawa President and CEO, explained: “Companies have a growing responsibility to respond to issues such as population growth and the rising use of fossil fuels that are addressed in the Paris Agreement and the SDGs. Yokogawa provides solutions that improve the stability, efficiency, and safety of operations at industrial plants and other infrastructure facilities by, for example, speeding up processes, reducing workloads, and saving energy. Yokogawa needs to work harder to broaden its solutions so that it can address other issues that impact our society. Yokogawa will establish key performance indicators (KPIs) to evaluate on a medium-term basis the achievement of its sustainability goals, and will continue to create new value through co-innovation with its customers and partners.”

The statement continued: “Yokogawa will work to achieve net-zero emissions, make a transition to a circular economy, and ensure the well-being of all by 2050, thus making the world a better place for future generations.”

Yokogawa’s commitments mirror the direction of travel for a growing number of big businesses – and countries – who are acting now to build a circular future, including AppleBASFRenaultUnilever, HPL’Oréal, and H&M.