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Understanding the Circular Economy: A Key ESG Imperative

ESG

The circular economy has steadily expanded from its initial focus on avoiding waste creation into a broader-based strategy to improve resource utilization to lower energy and resource costs. The key benefits of a circular economy are the potential for higher trade and economic diversification and chances for resource savings, social well-being, human health, and environmental impacts. 

This Whitepaper explains why it will be more crucial than ever for policies to be formulated and executed with a circular economy in mind in a globally interconnected world and amid growing business interest in expanding the economy.  

Key Takeways

  • A circular economy aims to make sustainability lucrative and profitability sustainable throughout industries, sectors, and lifestyles, not merely by redressing environmental wrongs.
  • It has been demonstrated that implementing circular economy concepts may promote biodiversity, minimize water pollution, and improve air quality in addition to the climate emergency.
  • The circular economy is a crucial element of the sustainability agenda and has the potential to contribute to multiple different Sustainable Development Goals. (SDGs). The circular economy's foundation is the SDG Responsible consumption and production.
  • A circular economy encourages the use of biodegradable materials and strives to improve environmental sustainability by changing how firms manufacture their products. Companies drastically reduce trash going to landfill and cut material prices by producing materials from discarded items and products.
  • With the recycling sector expanding globally, there is a chance to create hundreds more in cash and thousands of jobs in the economy, which are now being lost to the existing linear paradigm.
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SG Analytics is a leading global data solutions firm providing data-centric research and contextual analytics services to its clients, including Fortune 500 companies, across the Financial Services, Technology, Media & Entertainment, and Healthcare sectors. Established in 2007 and a Great Place to Work certified company, SGA has over 1600 employees and has a presence across the US, the UK, Switzerland, Poland, and India.


Besides being recognized by analyst firms such as Gartner, Everest Group, and ISG, SGA has been part of the elite Deloitte Technology Fast 50 India 2024 and APAC (Asia Pacific) 2025 High Growth Companies by the Financial Times & Statista.

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