If you have never heard of the circular economy, you can be excused. Only a few people are aware of the term. Even fewer know exactly what it entails and what problems it aims to solve. Some might suspect it concerns corporate social responsibility – but it involves much more, and banks and business leaders should pay attention.
Since the 1970s, the world has been running an environmental deficit. In 2018, we took out of the earth what it will need it 1.7 years to regenerate, according to estimates by think tank Global Footprint Network, which uses data by the UN and other sources. This is unsustainable.
