Founded in 2010, the foundation works with businesses, government and academia to build a framework for an economy that is restorative and regenerative by design. The aim is to develop an attractive and viable alternative to today’s linear “take, make, dispose” model.
“Circular economy is much more than waste management, it requires substantial changes in terms of behaviour and technology use, said Dirk Voeste, vice president sustainability strategy at BASF. “Circular economy thinking cannot be restricted to a company’s own operations. It needs to run across the value chain to embrace and provide value to customers and suppliers. A smart circular economy concept has to be integrated within product development, production processes, use and re-use systems right from the beginning.”
BASF joined the foundation’s “Circular Economy 100” programme which provides opportunities to learn and collaborate with partners along the value chain.
“The CE100 brings together leaders and innovators from around the world, to unlock new opportunities arising from a circular economy approach,” said Casper Jorna, CE100 programme lead. “We are pleased to welcome BASF to the programme, to offer their unique perspective on the key role chemistry plays in developing new processes and solutions across the value chain.”
BASF has also become a member in the foundation’s “New Plastics Economy” initiative that brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging. Here, BASF will work closely with the initiative’s participants to accelerate the transition towards a circular economy for plastics, while ensuring that benefits such as food protection are upheld.