In a world of finite resources and growing population, the traditional “take-make-dispose” economic model is increasingly unsustainable. As a consequence, companies are feeling pressure from customers, NGOs, regulators, and investors to rethink wasteful linear value chains. The “circular economy” envisions a more regenerative alternative focused on a “refurbish-repair-reuse-recycle” model that has the potential to sustain global growth in the face of increasing resource scarcity.
Ninety Percent of Executives Agree That Businesses Need to Collaborate to Address the Sustainability Challenges They Face. Eighty-Six Percent Say That the Board Should Play a Strong Role in a Company’s Sustainability Efforts
BOSTON, January 13, 2015 /3BL Media/ — The practice of corporate sustainability is moving beyond ad hoc, opportunistic efforts to embrace a more holistic, strategic approach that pursues transformational goals, frequently through partnerships that engage multiple entities, including competitors, suppliers, governments, and NGOs. So says a new global study by MIT Sloan Management Review (MIT SMR), The Boston Consulting Group (BCG) and the UN Global Compact.