Study: Global circularity still in decline despite circular economy ‘megatrend’

Deloitte and Circle Economy Foundation released the Circularity Gap Report 2024, finding the vast majority of extracted materials entering the economy are virgin, with the share of secondary materials declining steadily since the Circularity Gap Report began in 2018. The report identifies three main areas where reforms can help accelerate progress toward the circular economy: policy, finance, and employment. The decline in circularity continues despite the concept of a circular economy—one that aims to help reduce consumption of virgin materials and keep materials in circulation—growing in popularity, with the volume of discussions, debates…

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Deloitte Expands Sustainability, Climate and Equity Upskilling for its Leaders and Professionals

Deloitte have announced expanded collaborations with renowned academic institutions, including MIT Sloan School of Management, NYU Stern Executive Education and Center for Sustainable Business, and most recently, Arizona State University, to create a differentiated, integrated learning program intended to enhance Deloitte professionals’ ability to help guide clients in identifying and engineering solutions to support what’s good for their business, people and the planet. Acknowledging the rapidly evolving market and science that encompasses effective sustainability, climate and equity problem solving, Deloitte continues to advance its large-scale enhancement of these skills among…

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Deloitte report: Improved financing could save US$50 trillion as the world decarbonizes

Deloitte’s Financing the Green Energy Transition report found that new cost-reducing finance instruments can help de-risk green projects in developing economies while making investing in these projects more attractive, helping to fuel a global just energy transition. Achieving net-zero greenhouse gas emissions by 2050 will require an annual global investment in the energy sector ranging from US$5 trillion to US$7 trillion. However, the world currently invests less than US$2 trillion each year into the transition, which is far short of the financing needed to help put the world on course…

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Financial barriers are preventing climate-conscious individuals from taking action, new Deloitte report shows

Although more than two-thirds of people view climate change as an emergency, many are struggling to incorporate sustainability into their personal, professional, and political actions, according to Deloitte’s new study “Economic uncertainty puts pressure on sustainable behavior change,” released this week. Notably, those who self-identify as higher income are more likely to engage in sustainable activities such as buying sustainable goods, looking for a job with a more sustainable employer, and communicating with government officials about climate change, among other actions. Deloitte’s new report synthesized responses to several surveys conducted…

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McLaren Racing and Deloitte to prioritize sustainability in latest multi-year collaboration

McLaren Racing has announced a multi-year extension to its partnership with Deloitte, continuing as the Official Transformation Partner of the McLaren Formula 1 Team from the 2023 season. Since 2020, Deloitte and McLaren have been working closely to help enhance the performance of the McLaren F1 team and its operations, which includes capturing and analyzing data to optimize car performance and applying digital twin simulation to help inform race day decision-making. Deloitte will help to further embed circularity, the concept of eliminating waste and maximizing resources through reuse and recycling,…

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