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USCCF starts circular economy research initiative

May '19
Pic: Shutterstock
Pic: Shutterstock
The US Chamber of Commerce Foundation has kicked off an Economic Impact of the Circular Economy research initiative in collaboration with Navigant and other organisations to judge how companies in certain sectors in the Great Lakes region can translate circular opportunities into business best practices that unlock new growth, competitiveness and innovation.

The research will generate a geographically relevant, sector-specific economic opportunity calculation; enable private and public stakeholders to make the business case internally for a circular transition through data; and provide the business community with examples of how and why leading companies are approaching this shift, according to a press release from the foundation.

Another area the foundation is addressing is the urgent domestic recovery challenges left in the wake of China's National Sword policy restricting the import of contaminated recyclable materials.

The foundation will host the Fifth Annual Sustainability and Circular Economy Summit in August 15-16 in Washington, DC, where the agenda will include a combination of insights on how to form innovative cross-industry collaborations, execute on upcoming sustainability commitments and anticipate and address the next frontier of sustainability issues.

Walmart announced a number of new initiatives and updates at its 2019 Sustainability Milestone Summit. For the very first time, the company announced it will offer reusable bags for purchase at US store checkout carousels.

The company also provided an update on Project Gigaton, its effort to avoid one billion metric tons of emissions from global value chains by 2030. Within the first two years of the initiative, suppliers avoided more than 93 million metric tons of emissions, the press release added. (DS)

Fibre2Fashion News Desk – India

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June 2019

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