Tough sustainability regulations can increase operating costs and disrupt supply chain practices, putting companies under pressure to find new ways to run viable and competitive businesses while complying with environmental, social and governance rules.

Circular business models can help to meet this dual challenge — even in the most difficult-to-abate sectors — by reducing resource use and emissions while creating revenue growth, resilience and competitive advantage. However, for this vision to become reality, we need to think of ‘circular’ in its widest sense.