Leaders on circular economy 'outperform rivals by 5%'

March 24, 2021 EcoVadis EN


Firms implementing circular economy principles are outperforming rivals in terms of cost savings and revenues, according to research.

A survey by consultancy Kearney found circular “leaders” reported a 5% or more improvement in core KPIs as a result of switching to circular products and business models.

Kearney said the survey, involving 150 companies across the world, identified 34% who were leaders in the circular economy. In this group, 32% reported revenue increases, 38% reported cost savings benefits, 50% reported improvement in customer loyalty metrics and 70% an improvement in brand recognition.


Read the full article at: www.cips.org

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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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