IGPN - International Green Purchasing Network

August 22, 2024

Analysis identifies critical opportunities to enhance corporate circular-economy performance

Geneva, 31 July 2024-A collaboration of leading global organizations and companies has published an analysis of the key gaps and opportunities to improving business performance for circularity.

Developed by the Global Circularity Protocol for Business (GCP), the “Landscape Analysis of Circularity-related Corporate Performance & Accountability and Policy & Regulation” identifies opportunities for improvement within existing circularity methods, standards, frameworks, and policies. The analysis evaluates the regulatory landscape in the Global North and South, highlights bottlenecks, and proposes solutions to help improve corporate measurement, performance and reporting on circularity.

The GCP has four strategic workstreams; (1) Circular Impact Analysis, (2) Corporate Performance and Accountability System (CPAS) for Circularity, (3) Policy Framework for Circularity, and (4) Science-informed targets for Circularity; and aims to deliver the first Protocol version by 2026. The workstreams receive strategic and technical guidance from Policy, Business, and Independent Scientific Advisory Committees, and Technical Working Groups. Deloitte Consulting AG and Circle Economy Consulting are providing ongoing technical support for Workstream 1.

Building from the Landscape Analysis, Workstream 1 will conduct an Impact Analysis which will explore the potential impact of the Global Circularity Protocol in accelerating climate, nature, economic and social agendas as well as in improving business performance, and insights for where the protocol can maximize its impact, using focused qualitative analysis and quantitative modeling. The Impact Analysis will be presented at key global events in September 2024, including the OPN Forum in Brazil and the WBCSD Council Meeting 2024 during Climate Week in New York City.

More details at WBCSD website.

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