Can Remanufacturing Build the Industrial-Sized Circular Economy?

Seven years have passed since the Paris Climate Agreement was ratified, and the UN’s Decade of Action for advancing sustainable solutions to the world’s largest challenges has been in effect for two years. A new era of sustainability leadership is beginning, one that calls for greater impact at greater speed.

The moment has arrived to fulfil the lofty commitments and stated objectives that several businesses have made to address climate change, protect the environment, uphold human rights, and combat injustice. Never before has the “what” we must do been more obvious. The emphasis today is on “how” businesses operationalize sustainability and translate aspiration into outcomes at a scale that is consistent with the reach of their influence and the issues facing the world. Experts from all over the world concur that action and impact are two of the distinguishing characteristics in this emerging area of leadership and rising expectations, according to GlobeScan’s annual poll of sustainability leaders.

Sustainable Business Now is a new portal created by GlobeScan and SAP that showcases actual cases of how top businesses are implementing sustainability at scale. The focus of this effort is on how top businesses are addressing and putting specific sustainability opportunities and problems into practice. It goes beyond high-level narratives. These case studies, which draw on the expertise of some of the most environmentally conscious and forward-thinking businesses in the world, offer insightful information and lessons that business and sustainability leaders may use at any stage of their sustainability journeys to progress their work.

Practical, Influential Answers to the Big Questions

The programmes highlighted on Sustainable Business Now concentrate on current issues and chances that chief sustainability officers and business executives from various industries and regions are thinking about. These are some of the most important concerns and priorities for many businesses, affecting everyone from investors and customers to governments and civil society. Our discussions with pioneers in sustainable business get to the heart of what it takes to integrate sustainability throughout a company’s value chain by integrating sustainability into business strategy and operations.

Key topics Sustainable Business Now explores include:

  • How to decarbonize complex supply chains and tackle hard-to-transition sectors
  • How to tackle the waste crisis and move towards a circular economy
  • How to integrate sustainability into finance and decision-making
  • How to advance inclusion and tackle inequality across the value chain
  • How to promote inclusive local development by improving the impact and scale of social programs

Lessons from Leading Businesses

Unilever offers the following advice on how to promote inclusiveness and address inequality throughout your value chain: An ambitious goal to guarantee that everyone who directly provides goods and services to Unilever will receive at least a livable wage or income by 2030 is at the core of Unilever’s Compass business and sustainability strategy. Rebecca Marmot, Unilever’s chief sustainability officer, discusses why the company made this audacious decision and the steps it has taken to handle this challenging project: “Living wages are a practical and quantifiable method of addressing inequality. A coordinated strategy can advance the Sustainable Development Goals and boost the global GDP by US$4.56 trillion annually.

We are having many more conversations with others and plan to add more cases on an ongoing basis.

News Source : SAP News

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