English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese
more-disasters-but-less-moneyGENEVA: June 21, 2017. The United Nations says it needs US$23.5 billion in 2017 to provide humanitarian assistance to a record 141...
fedex-and-ups-among-best-civic-minded-u-s-companiesSEATTLE: June 21, 2017. FedEx and UPS are among the 50 most community-minded companies in the United States according to the latest...
eu-commercial-drones-by-2019-says-commissionBRUSSELS: June 16, 2017. The European Commission says commercial drones flying in a 'U-Space' under 150 meters from the ground will be...
collaboration-and-compromise-key-to-uk-trade-futurePARIS: June 15, 2017. The OECD is forecasting a 1.7 percent rise in UK GDP this year and just 1.0 percent in 2018 as uncertainty rises...
amazon-to-buy-bricks-and-mortar-grocer-for-us-13-7-billionSEATTLE: June 16, 2017. Amazon has agreed to buy Texas-based Whole Foods Market (WFM) for US$13.7 billion including debt. WFM...
amazon-to-sell-cars-in-britain-delivered-by-emirates-skycargoLONDON: June 14, 2017. Amazon is hiring automotive experts as a prelude to selling cars in the UK according to eCommerce delivery...

The challenge of the Anthropocene era

Paul PolmanA new term has emerged in recent years to describe our modern era—the Anthropocene. It rightly implies that in this age humans became the dominant force shaping our physical environment.

It is evident that an economy that extracts resources at increasing rates without consideration for the environment in which it operates, without consideration for our natural planetary boundaries, cannot continue indefinitely. In a world of soon to be nine billion consumers who are actively buying manufactured goods, this approach will hamper companies and undermine economies. We need a new way of doing business.

The concept of a circular economy promises a way out. Here products do not quickly become waste, but are reused to extract their maximum value before safely and productively returning to the biosphere. Most importantly for business leaders, such an economy can deliver growth. Innovative product designers and business leaders are already venturing into this space.

I don't believe business can be a mere bystander in the system that gives it life. This is why decoupling economic growth from environmental impact and increasing positive social outcomes are two priority objectives that lie at the heart of my vision for corporate strategy. Businesses need to reinvent themselves, and the circular economy framework provides very promising perspectives, as outlined in the present report.

I welcome this important contribution to the debate regarding the nature of 'economic things to come'. In 2012, the Ellen MacArthur Foundation report 'Towards the circular economy' contributed significantly to our understanding of the opportunity for durable goods. This year's report again takes the business point of view to explore the opportunity of the circular economy for fast-moving consumer goods. Building on all the academic work of recent years and a large base of industry examples, it establishes needed thought structures, identifies the major levers available, and calls out the economic opportunity.

I envision a 21st century where innovation, values, and sheer drive will help harness the power of regenerative processes, and this new report inspires our thinking on how to create prosperity that is not at the expense of tomorrow's opportunities.

This editorial by Unilever CEO Paul Poleman (above) prefaces the second Ellen MacArthur Foundation report published in November 2013 on the emergence of the $700 billion circular economy for consumer goods.

- powered by Quickchilli.com -