Climate change is a given. In decades of booming consumption, the necessity to conserve our planet’s resources seemed to have got lost. But there’s now consensus that change is needed to avoid permanent damage to our planet and its resources. In their new report, PwC and WWF introduce a sustainable way of doing business – setting a course for a circular economy to give you new revenue streams and reduce resource dependence.
Discover how to transform and grow your business by adopting the circular economy and subscribe to be the first to receive our new report ‘Circularity as the new normal – Future fitting Swiss businesses’.
Before we go any further, let’s first define what we mean by a circular economy. The definition provided in the new report from PwC and WWF builds in the various circular economy strategies:
“Circular economy supports sustainable development by aiming to secure the resources to sustain our current and future generations. This is achieved by minimising resource inputs and waste, emission, and energy leakage of products over time, using four distinct strategies: narrowing, closing, slowing and regenerating resource loops.”
Whatever definition you choose, a circular economy is the alternative to the linear economic system that still predominates: raw materials are extracted, and products are manufactured and sold, consumed and disposed of − leading to shortages of raw materials, emissions, large volumes of waste and the associated environmental problems.
Naturally there are challenges for both businesses and the economy as a whole, but they’re likely to be offset by the potential benefits.
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Partner, Sustainability & Strategic Regulatory, PwC Switzerland
Tel: +41 58 792 45 23
Partner, Investor Reporting and Sustainability Platform Leader, PwC Switzerland
Tel: +41 58 792 25 37
Senior Manager, Sustainability Regulation Corporates, PwC Switzerland
Tel: +41 78 696 32 11
Moritz Obst
Strategic Regulatory & Sustainability Services, Legal, PwC Switzerland
Tel: +41 58 792 47 19
