To protect our planet’s resources, we need to transform the way we live and do business. We have to move away from the linear “take-make-dispose” and toward closed loops powered by renewable energy. The chemical industry can lead the way. But for sustainable change to happen, corporations along the value chain need to pull together.
Source: The World Bank
Using efficient processes, waste prevention, reuse, repair, remanufacture, and recycling, the circular economy aims to reduce the resources we consume. Its primary focus is on material cycles and relies on energy from renewable sources. We aim to move toward a more circular economy by using more recycled and renewable feedstocks, shaping new material cycles, and building new business models.
We all have a shared responsibility in battling plastic waste. Plastics are valuable materials that do not belong in the environment. The Alliance to End Plastic Waste (AEPW) has made it its mission to end plastic waste in the environment and enable a circular plastic economy. With our pooled material expertise and broad network, BASF is well-positioned to support the AEPW mission.
The transition from a linear to a more circular economy could significantly change business models and value drivers across many industries. However, how fast and to what degree we achieve “circularity” depends on many factors – the pace of technological development, regulatory incentives, new business models, the availability of transition investments, and the willingness of people to change their consumer behavior.
At the individual level, it’s pioneers in sustainable change who pave the way and inspire us to follow their example. Meet three waste tacklers who have come up with ways to reduce, or recycle, waste, galvanizing millions worldwide into action.