With today’s significant growth of the developing countries and a growing fraction of population entering middle class, the level of consumption and production are peaking, putting unbearable pressure on natural resources. To address these issues various initiatives, soft laws, regulations are developing.
Mapping existing Marketplaces
The MarketplaceHub is a tool designed to foster a sustainable use of resources through accelerating business to business reuse opportunities for secondary materials worldwide. The map gives an overview of existing materials marketplaces and industrial synergy networks around the world, searchable by materials or location. The Hub also provides case studies of marketplaces who successfully addressed some of the challenges encountered operating these platforms.
Contributing to Circular Economy
This project falls within the concept of circular economy, moving from our current “take-make-dispose” model to one that make the idea of waste obsolete. In such an economy “one company’s waste is another’s raw material”. Circular Economy aims at solving the issue of increasing resource scarcity through a closed loop approach, maximizing the use of existing materials. While this concept brings clear environmental benefits, it could also generate substantial economic gains. As estimated by McKinsey, an adoption of circular economy would bring about 1.8 trillion Euro net benefits by 2030 only in Europe.
Circular economy cannot be achieved with business as usual. Facilitating the reuse of materials and cross-sectoral synergies is central to its success. Existing B2B marketplaces contribute to decrease the demand for virgin materials and energy. By aggregating information on existing platforms and networks, the MarketplaceHub aspires to scaling up the transition to circular economy.
Achieving the Sustainable Development Goals
Enabling resource resilience through connecting materials marketplaces also contributes to attaining the SDGs. Indeed, it particularly touches upon Goal 12 (responsible consumption and production). But it also positively impacts Goal 8 (Decent Work and Economic Growth) by fostering a green economic growth, Goal 9 (industry, innovation and infrastructure) by encouraging clean technological innovations and Goal 13 (climate action) by limiting GHG emissions related to resource extraction. Additionally, industrial synergies would have positive effect on SDG 14 (life below water) by decreasing the amount of waste ending up in the oceans.
Direct benefits for Businesses
Integrating industrial synergies in business practices and mainstreaming cross-business exchange would constitute a real opportunity for companies:
- Accounting & Finance: Landfill tax savings
- R&D: New business and innovation opportunities
- Risk Management: Better resilience
- Production: Maximization of resource efficiency & mitigated CO2 emissions and pollution
- Marketing & communication: Improved Image and Reputation
The information contained in the MarketplaceHUB is for general information purposes only. Through the MarketplaceHUB you are able to link to other websites which are not under the control of the WBCSD. We have no control over the nature, content and availability of those sites. The inclusion of any links does not imply a recommendation or endorsement of the views expressed within them.