Circular Economy Takes Center Stage at Climate Week NYC 2025
The circular economy, driven by regulatory measures and financial incentives, took centre stage at Climate Week NYC 2025. Global regulations, such as Europe's Ecodesign for Sustainable Products Regulation, are stepping up to promote circularity. Meanwhile, the United Nations advocates for a circular digital economy, with over one-third of Fortune 100 companies committing to circular economy goals by the end of 2025.
Despite the progress, firms often overlook a holistic approach to circular economy initiatives, focusing too much on recyclability. Our report, 'How To Implement The Circular Economy In IT', provides a roadmap for applying circular economy principles in IT, highlighting the need to address six key components holistically. Organizations like Renewi support customers by integrating circular economy practices into their sustainability strategies, including CO2 impact assessment and waste stream circularity analysis.
Extended producer responsibility and right-to-repair laws are expanding globally, encouraging a shift towards a circular economy. However, the digital economy, accounting for 6-12% of global electricity use, also contributes significantly to e-waste, making it a critical area for circularity.
To succeed in the circular economy, businesses must adopt a comprehensive approach that goes beyond recyclability. With global regulations pushing for circularity and major companies committing to goals, the circular economy is no longer a niche concept. It's a critical business strategy for sustainability and success in the digital age.
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