The Conference Board released a report showing what works and what doesn’t work when it comes to big companies and the circular economy. The traditional linear model of ‘take, make, waste’ results in a huge amount of consumption and waste (85 billion tons of global natural resource use annually as of 2015, a number which is expected to double by 2050). This approach is not sustainable - neither for the companies nor for the planet. A circular economy, however, takes a little-as-possible approach to waste, which results in a higher bottom line and a lower carbon footprint. The shift towards this circular model is admittedly daunting, which is why The Conference Board is sharing the lessons learned by 7 mega companies: Dell, Dupont, HP, Interface, Kimberly Clark, Philips, and Waste Management.
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