Applying a Nordic circular economy mindset can help companies capture new top-line growth, achieve cost efficiencies, and mitigate supply chain and regulatory risks – all within the boundaries of our planet.
To stay within the safe operating space of our planet, we need to transition from a linear to a circular economy, where products are used and repaired for as long as possible and then deconstructed so that their constituent materials can be used to create new goods of similar value.
Today, 6% of the Nordic region’s economy is circular—meaning that ~6% of resources used for production come from recovered materials. By comparison, the EU average is at ~12% circularity, with an ambition to double the rate by 2030. Reaching this ambition in the Nordics could unlock an annual ~€48 billion economic opportunity by 2030, similar to 3% of the Nordic region’s GDP in 2021.
Many companies, however, struggle to implement circularity and move beyond isolated circular actions with little impact.
CIRCelligence by BCG provides a comprehensive holistic approach that enables businesses to integrate circularity into their core business strategy in a way that delivers economic benefits and also maximizes total societal value.
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