For the world to move towards a circular economy and for companies to switch to a circular business and operating model, we need to make sure the required systemic changes are addressed and the different actors in the ecosystem are working towards the same goal.
If you want to make ESG matters and responsibility stick in your organisation, you can’t rely only on a specialist role and individual projects. If ESG is not part of the daily work and management system, it will be buried under the next more urgent topics and slowly forgotten in time.
The change necessary to address the changing operating environment and market demands requires a fundamental shift in the way companies operate and do business. Companies will need to take the topics of environmental sustainability and circularity to the Board room and provide the required mandate and financial frame to drive real, fundamental change. This is only possible with a seat at the table for someone who is enabled to make the change happen.
While the cry for a sustainable circular economy is getting louder, many struggle with understanding what this paradigm shift means for them. Based on many discussions with professionals and learnings from the Circular Economy Assessment, Michael will try to capture some of the key findings from these activities to demystify circularity.
There is a new act in town, as the EU has formally published a proposal for a second major data regulation called “Data Act”, which targets the industrial, non-personal data of companies. Unlike GDPR, this legislation is not prohibitive, but rather aims to provide open and fair access to data for both public and private sector companies.