ING has joined the Ellen MacArthur Foundation as an official Circular Economy 100 (CE100) corporate member. As a member, ING makes up one of the maximum of 100 global corporations collaborating on developing circular economy opportunities, growing their knowledge and creating a network including experts, partners and other CE100 members to promote the circular economy.
The Ellen MacArthur Foundation was established in 2010 with the aim of accelerating the transition to the circular economy where products and their components and materials are recycled as efficiently as possible so their value is maintained, or even enhanced, reducing the need for raw materials and saving money. ING’s own release cites a circular economy as the answer to solving the problem of the depletion and economic scarcity of resources.
“From the innovation revolution to the effects of climate change, society faces many challenges, and it’s clear that traditional business models must evolve. We believe that sustainable business is better business, and the circular economy plays a vital role in that,” notes ING CEO Ralph Hamers.
ING’s involvement is particularly notable because of its work in the financial sector, and the organisation’s report Rethinking Finance in a Circular Economy is a reference source to the sector. An updated report, From Assets to Access, has also been released and considers the steps the capital goods industry can take to move closer to a circular economy.
For Rethinking Finance in a Circular Economy click here.
For From Assets to Access click here.
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