Why Businesses Must Lead the Charge in Advancing the Circular Economy

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As the global economy increasingly embraces sustainable models, the circular economy is emerging as a critical framework for reducing waste and enhancing resource efficiency. The Circularity Gap Report 2024 indicates that the circular economy is anticipated to create nearly 2 million jobs and grow into a $2-3 billion market in the near future.

The discussion surrounding the concept has surged, with the volume of related debates and articles tripling over the past five years. However, despite this increased attention, global circularity continues to decline as consumption rates accelerate.

Individual businesses’ efforts are not enough to drive substantial change. The Ellen MacArthur Foundation

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