There is an urgent need to transition to economies that embed circularity and are aligned with global sustainable consumption and production goals. Financial institutions have a critical role to play and can take practical steps to finance the transition.
This report outlines how the financial sector can scale up financing to accelerate the shift to circular business models in order to keep resources at their highest value long-term and to reduce waste. It explores strategies and actions that financial institutions can take to manage related risks and opportunities. Opportunities include rethinking of the design and manufacturing of products and services, reducing inputs in agricultural production, and digital solutions to transform industries, coupled with waste management models designed to close material and resource loops.