Adapting a business to circular economy principles is a complex process involving the value chain.
To meet the goals of the Paris Agreement and prevent the most harmful effects of climate change, we must enact immediate and drastic emission reductions. To reduce emissions and reach net zero, companies must engage their value chain, as the latest IPCC report makes clear.
The first step towards reduction is to measure your value chain emissions. However, value chain engagement can take many forms, and a key strategy is to implement circular economy principles. Implementing circular economy practices enables businesses to tackle the carbon emissions hidden in their value chains. At the same time, value chain engagement is a crucial step towards the circular economy, as carbon reduction is a major component of circular models. By engaging their value chains, companies are thus able to transition to the circular economy.
Normative has prepared a guide on how to set about this process. This guide (which is free but users must submit their name and email) provides a roadmap for businesses to engage their value chains in carbon reduction. It’s divided into six sections:
- Getting Everyone to Net-Zero
- The Paris Agreement and climate targets
- Why now?
- Get started
- Engage your suppliers, and
- Key takeaways.