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Each year, we throw away nearly $200 billion of material that could be recycled. Copper - a key material for the energy transition - accounts for nearly $70 billion of that estimate! In BCG’s recently published #FutureofProcessIndustries perspective, my colleagues delve into #Circularity as a #BusinessModelInnovation opportunity. Process Industries companies can turn waste into opportunity by ensuring a steady scrap supply, overcoming upstream waste fragmentation, spurring innovation in recycling tech, and designing for circularity. Why don’t you take a look to learn more! Karthik Valluru, Martin Feth, Cornelius Pieper, Tian Feng, Janice Lee, Gaurav Jindal, Shaun Knowles

As industries worldwide place increasing emphasis on sustainability, innovation in materials plays a pivotal role. One such innovation that's gaining traction is sustainable PVC compound recycling. ♻ Sustainable PVC compound recycling offers a triple-win solution. It reduces environmental impact by curbing emissions and conserving energy. It advances the circular economy by reintroducing recycled compounds into production, lessening the need for virgin materials. And it ignites economic growth by creating jobs and promoting resource efficiency. Let's propel positive change through this transformative practice. ✅ #Sustainability #CircularEconomy #Recycling #Innovation #GreenTech

♻️ Could your circular economy solutions benefit from the expertise of London South Bank University academics? Circular economy solutions refer to strategies and practices aimed at minimising waste and maximising the use of resources through reuse, recycling, and regeneration. The circular economy innovation programme will help you accelerate the development of your green technology/product through a series of easy-to-access online webinars. Find out more 👉 https://ow.ly/4IFL50R9lOT #Business #Innovation #Growth

Every year, nearly $200 billion worth of recyclable materials are discarded. #Circularity is not just good for #climateandsustainability. If companies can intercept waste before it hits landfills, it's good for business, too.  In our latest #FutureofProcessIndustries article "Circularity's Time Has Come" my Boston Consulting Group (BCG) colleagues and I explore the business case for circularity and highlight four opportunities for process companies to boost resilience and gain early-mover advantages:  1️⃣ Secure steady scrap supply 2️⃣ Tackle upstream waste fragmentation 3️⃣ Spur innovation in sorting and processing 4️⃣ Design for circularity Explore our insights and reach out to me or my coauthors if you would like to discuss further: Janice Lee, Martin Feth, Karthik Valluru, Cornelius Pieper, Gaurav Jindal, and Shaun Knowles. Read more here: https://lnkd.in/eFX2rnEE

How can you use technology to turn trash to treasure? In a world where sustainability is more critical than ever, the following case study demonstrates the power of innovation and responsible business practices. Read the full article here: https://lnkd.in/eXRiYtBM Let's continue to explore how technology can transform industries and create a more sustainable future together! #sustainability #circulareconomy #innovation #humancentricity #customercentrictransformation #buildingabetterworld

Discover how recycling companies are leading the way in sustainability with the help of IT support! Our latest blog, "Green Technology: How Recycling Companies Are Leveraging IT Support for Sustainability," explores the innovative ways technology is driving efficiency and green practices in the recycling industry. Read now to learn more: https://lnkd.in/e7y-NXsC #GreenTechnology #Sustainability #Recycling #ITSolutions #TotalTechnologyResources #EcoFriendly #Innovation #IT #Technology

As our economies continue to grow, there is an increased demand for more products, which means more raw materials need to be extracted, and more waste is produced.    We strive to deliver the best circular solutions on the market by developing innovative circular business models with our customers and suppliers. Our ambition is to drive this change by refining how we design our products. Our approach to Rethink-Reduce-Recirculate sets the standard for the innovation and development of our new products.    ⭐ 'Rethink' - changing the business model and the way a product is offered to the market.  ⭐ 'Reduce’ - decreasing material and energy consumption or switching to greener alternatives during the manufacturing stage, the sourcing of raw materials, logistics, and packaging operations.  ⭐ 'Recirculate' - ensuring products and materials are used as much as possible before their end of life.    Learn more about our ESG step-change initiatives for Circularity: https://bit.ly/47jyTpB   #ESG #Circularity #Innovation #Danfoss #GreenTransition #EnergyEfficiency 

The advantages of circularity for business, society and the planet are well-known, but what % of our economy is actually circular? The Circularity Gap Report identified how much of the 100 billion tonnes of materials extracted each year are currently circling back into the economy. What do you think they found? #circularitygap #circularitygapreport #rawmaterials #circulareconomy #stenacircularconsulting 

A recent report from McKinsey reveals that global material circularity has shrunk by 10%! As we confront a world grappling with escalating #EnvironmentalChallenges, industries must reassess their approach to material use and waste management. This decline in material circularity not only signifies a missed opportunity for companies to reduce their #EnvironmentalFootprint but also highlights the urgency to drive innovation and efficiency within their operations. In light of the findings from the McKinsey report, it is clear that embracing #CircularEconomy principles has never been more critical. Businesses need to recognise the potential advantages of integrating circular practices, laying the foundation for a sustainable and prosperous future for both the environment and the economy.

Partnerships are essential to build the circular #economy that the world needs. And circular transformations are urgently needed in an increasingly #resource-constrained world. Taking a circular approach in isolation would limit a company’s capacity to extract value from such a strategy, hence partnerships are the need of the hour. They offer a faster and more cost-effective route for accessing knowledge and circular materials, for informing policies and industry standards, and for creating a mass market for circular goods and services. In circular transformations, businesses may have to look beyond their #value chains to source circular inputs or to find buyers for their by-products and spent materials. They may need partners to complement their own #circular capabilities, to help #transform production processes or to introduce new circular #business models. And as more companies enter the circular economy, these #partnerships are likely to grow into multistakeholder coalitions that establish new, circular ecosystems. Operations and business models will need to change. Useful read below: