Manufacturing companies are among the largest emitters of CO2 causing 98%* of total direct CO2 emissions from the industrial sector and lagging in meeting sustainability and net zero targets.
Circular value chains will be critical to achieving these sustainability goals, yet many leaders acknowledge a lack of clear strategy and roadmap; they will need to pivot quickly and turbo-charge this transformation from linear to circular.
Traceability is a key driver to a more circular economy: better tracing where inputs come from, and where they go, can identify opportunities to reduce, reuse, remanufacture, or recycle. Traceability is also critical to drive more efficient and resilient supply chains, which companies must also deliver alongside improved sustainability.
So how can executives get this done? Building on the work of the past 2 years, our initiative provides a unique space for executives to explore what’s needed to make this transition
Bring together key stakeholders across manufacturing sectors and value chains to:
- Navigate the key challenges and opportunities of leveraging traceability to enable the transformation of operating and business models to driving circularity: mapping new strategies, enablers, use cases, and scaling
- Develop tactical guides to help companies develop new strategies and scale existing ideas to accelerate circular & traceable value chains (How to guides)
- Leverage the How to guides to help companies across specific industry sectors (textile, FMCG, electronics, auto, etc.) to incubate new partnerships and collaborations that will fast-track circularity goals and unlock new value
- Community-led circularity framework capturing industry insights, leading use cases, best practices, and key actionable solutions designed and deployed to increase supply chain resilience and solve the primary barriers to circularity
Multi-stakeholder collaborations to implement and showcase how traceability can enable more circular value chains
White paper and framework/s to help inform and guide companies' traceability and circularity journeys
To learn more about how to engage, please contact us at Future_Production@weforum.org.