Achievements in Circular Economy recognised at The Circulars
20 January 2016
World Economic Forum’s Community of Young Global Leaders, in collaboration with Accenture has awarded the Circulars at the Annual Meeting of the World Economic Forum in Davos-Klosters. The awards recognize individuals and organizations that have made notable contributions to the circular economy.
The second annual Circulars awards ceremony showcased advances from the private sector, public sector and civil society that drive innovation and growth while reducing dependence on scarce natural resources.
US-based Materials Marketplace scooped the BT award for Digital Disruptor. Materials Marketplace is a collaboration led by the US Business Council for Sustainable Development (US BCSD), the World Business Council for Sustainable Development (WBCSD) and Corporate Eco Forum to track and exchange undervalued materials via a cloud-based database, establish new circular supply chains, and identify policy changes supportive of the circular economy.
The digital platform allows users to easily post available or desired materials, receive expert recommendations, and transact reuse opportunities. Building on the success of a pilot earlier in 2015, the Marketplace plans to expand to over a hundred participating organisations in the US, and scale to other regions through combined organizational networks.
Niall Dunne – BT’s Chief Sustainability Officer said “We’re delighted that winners of the BT Circular Economy award for Digital Disruptor are Materials Marketplace. Their collaborative cloud based platform is a great example of how materials data can be shared at scale to support a more circular economy”.
Peter Lacy, managing director, Accenture Strategy said “With the Paris climate change agreement fresh in our minds, now is the time for practical and tangible solutions that can be scaled to transform business models in ways that reduce carbon emissions and the strain on scarce natural resources,” said Peter Lacy, managing director, Accenture Strategy. “The circular economy could unlock $4.5 trillion of growth by 2030 and these important awards demonstrate that breaking with today’s ‘take, make, waste’ business models also creates a swift path to innovation, growth and competitiveness.”
The Circulars awards program attracted 212 entries from 36 countries. The judging panel was drawn from the Young Global Leader community of the World Economic Forum and leading experts across business and civil society. In addition to Accenture Strategy, The Circulars are sponsored by BT, Ecolab, Alliance Trust and SABMiller.