28th January 2021
The Ellen MacArthur Foundation has today (28th January 2021) published a set of Universal circular economy policy goals to create a common direction of travel in policy development for a faster transition to a circular economycircular economyA systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. It is based on three principles, driven by design: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature.. As governments and businesses pursue a resilient recovery from the Covid-19 crisis, the circular economy policy goals detailed in the paper can offer solutions to key global challenges such as climate change, biodiversity loss, and pollution, whilst delivering economic development. The Foundation worked with its global network of businesses and policymakers, including the World Bank and IKEA, to create the five goals:
Stimulate design for the circular economy
Manage resources to preserve value
Make the economics work
Invest in innovation, infrastructure, and skills
Collaborate for system change
Work by the Foundation has shown that moving to a circular economy – in which waste is eliminated, products and materials are kept in use, and natural systems are regenerated – can play a pivotal role in tackling climate change, while delivering new opportunities for better growth. For this to happen however, there is a need for greater alignment between industry and government, and the Foundation therefore calls on businesses and policymakers at all levels to work together and align with these five goals as the basis for a society-wide transition to a circular economy. Global adoption could catalyse private sector innovation and the development of solutions that can be deployed and scaled rapidly around the world.
Jocelyn Blériot, Executive Lead Institutions, Governments, and Cities at the Ellen MacArthur Foundation said: “We have seen rapidly growing recognition around the world that the circular economy is critical to meeting the SDGs, tackling climate change, and delivering better growth. To seize those opportunities and reach scale quickly, it is now crucial to foster far greater policy alignment. The universal circular economy policy goals have been created to support that alignment, setting a clear direction that can help governments as well as the private sector build healthier economic recoveries.”
Many organisations within the Foundation’s network from across business and policy fed into the development of this paper, contributing their thoughts and best practice on how to align on using the circular economy as a solution.
Steven N. Schonberger, Director for Sustainable Development Europe and Central Asia Region, The World Bank, commented: “The new policy goals publication from the Ellen MacArthur Foundation provides exactly what is needed by governments to take the circular economy from concept to practice. I have already found these goals extremely useful in discussions with a range of countries and stakeholders who want to put the circular economy at the centre of their Covid recovery and longer term sustainability agenda.”
Roberta Dessì, Public affairs, Inter IKEA Group, said: “Adoption of circular business models calls for a contribution of many players together creating systemic change. For IKEA, it means transforming the complete value chain; how and where we meet our customers, how and what products and services we develop, how we source materials, and develop the IKEA supply chain. This is not something we can accomplish alone. The Universal circular economy policy goals as described by the Ellen MacArthur Foundation and its partners pave the way for our business and other businesses, governments, and NGO’s alike, to jointly address the great opportunity circularity presents. This is one of the key steps in finding a common starting point and alignment in advancing this exciting agenda.”
For more information or to request an interview, please contact charlotte.thompson@hkstrategies.com
Notes to editor
About The Ellen MacArthur Foundation
The Ellen MacArthur Foundation, a UK-based charity, develops and promotes the idea of a circular economy in order to tackle some of the biggest challenges of our time, such as plastic pollution, climate change, and biodiversity loss. The Foundation works with, and inspires, business, academia, policymakers, and institutions to mobilise systems solutions at scale, globally. In a circular economy, business models, products, and materials are designed to increase use and reusereuseThe repeated use of a product or component for its intended purpose without significant modification., creating an economy in which nothing becomes waste and everything has value. Increasingly built on renewable materialsrenewable materialsMaterials that are continually replenished at a rate equal to or greater than the rate of depletion., and underpinned by a shift to renewable energyrenewable energyEnergy derived from resources that are not depleted on timescales relevant to the economy, i.e. not geological timescales., a circular economy is distributed, diverse, and inclusive.
Further information: www.ellenmacarthurfoundation.org | @circulareconomy
