Download list
Locations / Sites
Contacts
Login
Back to News

A solution to build back better after the Covid-19: The Circular Economy

Photo: We are calling on businesses and governments around the world to join us. It’s time to step up, not step back.

The circular economy creates vital opportunities for economic growth, innovation and job creation that also address global challenges such as climate change and pollution. We are calling on businesses and governments around the world to join us.

As we rise to the challenges caused by the coronavirus pandemic, the question is no longer should we build back better, but how. Many have already called for a response to the devastating impacts of this pandemic that does not turn attention away from other global challenges such as climate change and pollution.

The circular economy offers a solution for how to do so. By designing out waste, keeping products and materials in use, and regenerating natural systems, it creates vital opportunities for economic growth that also restore the environment, create jobs, and benefit society.

Leading businesses and governments have already taken important steps towards building a circular economy. The fight against plastic pollution is one example. More than 850 organisations have united behind the Ellen MacArthur Foundation’s vision of a circular economy for plastics and ambitious 2025 targets to achieve it.

Now is the time to build on this momentum and do more, not less. As the world faces unprecedented challenges, we are more committed than ever to accelerating the transition to a circular economy, creating solutions that combine economic opportunity with benefits to wider society and the environment.

  • For plastics we will eliminate what we don’t need, innovate towards new business models and materials, and circulate all the plastic we do use – keeping it in the economy and out of the environment.
  • For fashion we will ensure clothes are used more, are made to be made again, and are made from safe and renewable materials.
  • For food we will redesign products and supply chains to regenerate nature, eliminate the concept of waste, and connect local production and consumption where appropriate.
  • For finance we will support companies in their transition to circular business models, and mobilise capital towards circular solutions.

And we will not stop there. We can do the same for other industries that have vital roles to play in this recovery, including healthcare, technology, mobility, electronics, chemicals, and the built environment.

We call on more businesses, governments, and financial institutions around the world to join us on the journey towards a circular economy, to invest in circular economy solutions, and to raise the ambition level of circular economy targets, while delivering faster against existing ones.

Photo: We are calling on businesses and governments around the world to join us. It’s time to step up, not step back.

Downloads
Ellen MacArthur Foundation Joint Statement English
Photo: We are calling on businesses and governments around the world to join us. It’s time to step up, not step back.
Media Contact
Virginia Mesicek
Senior Manager External Communications

Related News

Media Release – 25/09/2020

ITOCHU, Borealis and Borouge announce collaboration to enable uptake of renewable polypropylene in the Japanese market

Read more

Media Release – 22/09/2020

Borealis and MENSHEN launch new packaging closures made of post-consumer recycled resin to enable more sustainable living

Read more

Media Release – 18/09/2020

Borealis launches the Bornewables™ portfolio of circular, premium polyolefins

Read more

Media Release – 24/06/2020

Lafarge, OMV, VERBUND and Borealis join hands to capture and utilize CO2 on an industrial scale

Read more

News – 09/06/2020

Construction of world-scale propane dehydrogenation plant in Kallo, Belgium: important project milestone reached

Read more

News – 28/05/2020

Port of Antwerp investigates potential for reducing CO2 emissions by 50% by 2030

Read more

Media Release – 10/03/2020

Borealis producing certified renewable polypropylene at own facilities in Belgium

Read more

Media Release – 16/10/2019

EverMinds™ – Borealis moves to drive a more circular mindset with Borcycle™ quality brand recycled polyolefins for premium performance in demanding applications

Read more

Media Release – 16/10/2019

Borealis and Neste begin strategic co-operation to accelerate circularity and bioeconomy in plastics

Read more