IKEA has announced a significant expansion of its renewable electricity program, adding 14 new countries, including the United States, to its initiative aimed at reducing supply chain emissions and achieving 100% renewable energy across its...
Circular economy
Retail Supply Chains Face Urgent Sustainability Challenges
Retail supply chains produce emissions that are 11.4 times higher than the emissions generated by retailers’ direct operations, underscoring the critical need for comprehensive decarbonization. While nearly 70% of corporations are working to reduce supplier...
Coca-Cola Sets New Sustainability Goals Targeting Water, Packaging, and Emissions
The Coca-Cola Company has announced updated environmental goals aimed at enhancing its sustainability efforts through 2035. These ambitious targets focus on water security, sustainable packaging, and emissions reductions, backed by investments in innovation, collaboration, and...
COP29 Finalizes Article 6, Unlocking Trusted International Carbon Markets
The COP29 Presidency has announced a major breakthrough in climate diplomacy: the full operationalization of Article 6 of the Paris Agreement, which unlocks international carbon markets after years of stalled negotiations. The dual-track strategy employed...
New Mercedes-Benz Recycling Plant Achieves 96% Material Recovery Rate
Mercedes-Benz announced today the opening of a new battery recycling plant in Kuppenheim, southern Germany, marking a major step toward creating a genuine circular economy. The plant achieves a 96% recovery rate and recovers key...
Global Alliance Formed to Support Entrepreneurs in Reducing Plastic Waste
USAID Administrator Samantha Power announced today the launch of the CIRCLE Alliance, a public-private collaboration between USAID, Unilever, and EY. The initiative aims to address global plastic pollution by supporting entrepreneurs and small businesses in...
H&M Urges SBTi to Prioritize Direct Emissions Reductions Over Carbon Offsets
Fashion and design brand H&M Group has raised concerns about the Science Based Targets initiative’s (SBTi) proposal to include environmental attribute certificates (EACs), particularly offsets through voluntary carbon markets (VCM), in its standard for corporate...
Circtec Secures $163 Million for Major Tire Recycling Plant in the Netherlands
Circular economy technology provider Circtec has raised €150 million (USD $163 million) to construct Europe’s largest end-of-life tire pyrolysis recycling facility in the Netherlands. The UK-based company, founded in 2009, employs pyrolysis technology to recycle...
Consumers Willing to Pay Average of 9.7% More for Sustainable Goods: PwC Survey
Sustainability Takes Priority: A significant 85% of consumers report experiencing the effects of climate change daily, prompting a shift towards sustainable consumption. This commitment translates into a willingness to spend 9.7% more for sustainably produced...
Deloitte and Circle Economy Foundation’s 2024 Circularity Gap Report Signals Urgent Need for Action
The 2024 Circularity Gap Report, collaboratively developed by Deloitte and Circle Economy Foundation, has raised significant concerns over the slow progress in reducing virgin material use despite heightened discussions on circularity. The report starkly notes...