Ellen MacArthur Foundation’s Post

The Ellen MacArthur Foundation is supporting the harmonisation, completeness and adoption at scale of circular economy measurement and reporting. The Foundation calls on businesses, financial organisations, and policymakers to play their part by: - Measuring and reporting their progress towards circular economy outcomes - Making decisions informed by circular economy performance data - Drawing on existing frameworks, standards, and guidance to support harmonisation and standardisation --- Personally excited to see how standards on circular economy, which in and of itself is such a broad topic, can be harmonised across geographies with varied progress on recycling and waste management issues. #SDG12

🌲Understanding Circular Economy CSRD Reporting Readiness 📊 The European Green Deal sets an ambitious vision for achieving climate neutrality by 2050, along with the process of decoupling economic growth from resource use. Under the Corporate Sustainability Disclosure Directive (CSRD), particularly ESRS E-5 on Resource use and circular economy, companies are mandated to disclose information regarding their resource usage and the circularity of materials in relation to impacts, risks, opportunities, related policies, targets, and actions. To assist this, Circle Economy has developed a helpful self-assessment tool that supports evaluation of readiness to report on the circular economy across eight key steps: materiality assessment, indicators, baseline assessment, policies, targets, action plan, financial effects, and reporting. This tool serves not only as a friendly starting point for companies reviewing their transition to a circular economy but also as a means of identifying important gaps. It provides links to additional resources for further exploration of this rich topic. Check out the tool here: https://lnkd.in/dckyATqn ⏩ Are there any other user-friendly tools you recommend for companies that are just starting their circular economy review? Please share. #CircularEconomy #CircleEconomy #CSRD #GreenDeal #SustainabilityReporting

🌱 **Revitalizing Supply Chains: Embracing the Circular Economy for Sustainability** 🔄 In the modern global market, the intricacy and impact of supply chains cannot be overlooked. A major issue confronting businesses today revolves around waste and inefficiency in supply chain processes, contributing significantly to environmental and economic burdens. The circular economy offers a robust solution by redefining productivity and focusing on the complete utilization of resources. Circular supply chains transform waste into a resource through practices like recycling, repurposing, and refurbishing, thereby not only minimizing environmental impact but also enhancing economic gains. To deepen your understanding of how your business can benefit from integrating circular economy principles into your supply chain, delve into this insightful resource: [Transforming Supply Chain Sustainability] https://lnkd.in/e35_fVjV Is your business ready to shift towards a more sustainable and efficient supply chain model that promotes not just survival but thriving in the modern marketplace? Or will you continue with the linear models that may soon become obsolete? #CircularEconomy #SustainableSupplyChain #BusinessTransformation #SeedsForSustainability

Is your company ready for the new CSRD (Corporate Sustainability Reporting Directive) requirements? 📝 We understand the complexities businesses face with the introduction of new sustainability reporting obligations and the European Sustainability Reporting Standards (ESRS). In a recent article, our sustainability expert, Sara Tikka, outlines how we can support your company in meeting these new standards. ♻️ Kuusakoski offers precise data on carbon footprints, material flows, and the environmental benefits of recycling. This enables your business to provide comprehensive and verified sustainability reports, ensuring compliance with the CSRD. 🌍 By partnering with us, you gain access to accurate CO2e calculations and lifecycle assessments, allowing you to demonstrate your commitment to sustainability and effectively manage your environmental impact. Discover how we can help your business navigate these changes and excel in your sustainability reporting. Read the full article via the link in the comments. #Kuusakoski #KuusakoskiRecycling #Sustainability #CSRD #ESRS #CorporateReporting

I've had hundreds of calls with businesses and organisations who are worried about the huge growth of European Commission 'green-tape' regulations in thr last few years. Often businesses don't even known that they're in-scope – even MORE often they don't even know what the different FLA's (Four Letter Acronyms 😅) stand for! Below is a cheat sheet that I keep on hand to remember what everything means: 📊 EU Taxonomy: A classification system identifying sustainable economic activities, helping investors select environmentally friendly investments and combat greenwashing. Applies from January 1, 2023, for large companies. ✅ Sustainability Disclosure Requirements (SDR): UK-based regulation aimed at ensuring transparency in sustainability claims to prevent greenwashing, enhancing consumer trust in sustainable investment products. ⛔️ Sustainable Finance Disclosure Regulation (SFDR): Increases transparency in sustainable investment, categorizing products based on sustainability and requiring disclosures on sustainability risks and impacts. Implemented in phases starting March 2021, with enhanced disclosures from January 2023. 🚨 Corporate Sustainability Reporting Directive (CSRD): Expands the NFRD, mandating detailed sustainability reporting for around 50,000 companies. Came into force on January 5, 2023, with reporting obligations beginning in the 2024 financial year. 🕵️ Corporate Sustainability Due Diligence Directive (CSDDD): A proposed directive requiring large companies to conduct due diligence on human rights and environmental impacts, with potential implementation as early as 2025. 📝 Streamlined Energy and Carbon Reporting (SECR): Requires large UK companies to report on energy use and carbon emissions, aiming to promote energy efficiency and carbon footprint reduction. 🔃 Circular Economy Action Plan: Aims to transition to a circular economy by 2050, focusing on eco-design, recycling, and sustainable consumption and production practices. Part of the European Green Deal. 🚬 EU Emissions Trading System (EU ETS): A cap-and-trade system to limit greenhouse gas emissions from various sectors, expanding to include maritime transport from 2024. 🌳 European Union Deforestation Regulation (EUDR): A regulation requiring operators and traders of commodities like beef, soy, palm oil, wood, cocoa, coffee, and rubber to prove their products are deforestation and forest degradation-free (if this is a concern reach out to OpenAtlas 🛰️ 🤖) 🤔 Am I missing anything? 💭 Let me know in the comments below!

While Environmental, Social, and Governance (ESG) criteria have become a cornerstone of modern sustainability practices, they often lack integration with circular economy principles, which focus on resource efficiency and waste minimization. Conversely, circular economy literature typically does not address the broader ESG dimensions. This paper introduces the Circular-ESG framework, a novel approach that bridges this gap, offering a comprehensive and powerful paradigm for sustainable development. The Circular-ESG framework synthesizes the strengths of both ESG and circular economy paradigms. By positioning business models within a Cartesian coordinate system, the framework assesses their impacts on natural and socio-economic systems, providing a holistic view of sustainability. This integrated approach not only addresses environmental and social responsibilities but also promotes resource efficiency and waste minimization, creating a comprehensive sustainability model. Practical applications of the Circular-ESG framework demonstrate its versatility and effectiveness. For instance, integrating circular economy principles into ESG practices for electric vehicles and solar energy projects not only improves environmental performance but also enhances social equity and governance standards. This dual focus drives value creation and positions businesses for long-term sustainability. The Circular-ESG framework represents a significant advancement in sustainability studies by integrating circular economy principles with ESG criteria. This novel approach addresses a critical gap in the existing literature and offers a comprehensive model for achieving sustainable development. We call for the adoption of the Circular-ESG framework by businesses, policymakers, and researchers, and encourage further research to explore its full potential and applications. This paper hypothesizes that ESG and circular economy literatures typically exclude each other, a gap that limits the potential for comprehensive sustainability solutions. The Circular-ESG framework addresses this gap by integrating these paradigms, offering a robust model for sustainable development. We invite scholars to test and challenge this hypothesis, and to explore further applications of the Circular-ESG framework to advance sustainability research and practice. https://lnkd.in/g-Hixwbn DOI: 10.20944/preprints202407.1357.v1

The Circular-ESG framework brilliantly bridges the gap between ESG criteria and circular economy principles, offering a holistic and powerful model for sustainable development. Integrating resource efficiency and waste minimization with environmental, social, and governance responsibilities is a game-changer. Looking forward to seeing how this framework drives innovation and sustainability across industries

We're excited to highlight a recent development in our journey towards a sustainable future! The United Nations Economic Commission for Europe (UNECE) has recently published guidelines for measuring the circular economy. This significant step provides industries and stakeholders with the necessary tools to quantify the impact of circular practices, offering a clear pathway to align with circular economy principles. The guidelines introduce 19 key statistical indicators to assess the effectiveness of the circular economy. Participating countries volunteering for testing will refine these indicators through pilot projects. As we navigate the transition towards sustainability, these guidelines shine as a beacon, guiding our efforts to reduce waste, maximize resource efficiency, and foster innovation across sectors. The implications for policy-making, business strategies, and environmental advocacy are profound. By embracing these metrics, we can collectively move towards a more resilient, equitable, and sustainable world. Let’s explore how we can apply these guidelines in our fields to make a tangible impact. Read more about the guidelines here: https://lnkd.in/dXg2khmw #CircularEconomy #Sustainability #UNECE #EnvironmentalPolicy #Innovation

🌱Check out Forrester's latest environmental sustainability insights & learn how your company can make the most of expanding green market opportunities 🚀#EarthMonth

Environmental, Social and Governance (ESG) principles are driving the direction of packaging decisions and sustainability strategies. Read below to better understand that relationship 👇 https://lnkd.in/eacgRtap