2024.11.12 Tue.
- 11:45 - 13:00
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Global Standards through Circular Economy and Resource Efficiency Principles (CEREP) & Global Circularity Protocol (GCP)
- Organizer
- Ministry of the Environment
- Co-organizer
- World Business Council for Sustainable Development (WBCSD) / World Economic Forum (WEF)
- Details
-
Abstract
As included in the outcome of the first Global Stocktake at COP28, circular economy approaches are recognized as an indispensable tool for climate solutions. The essential role of businesses in promoting global circularity, thereby meeting ambitious climate and other environment goals is also widely recognized.
G7 Leaders endorsed CEREP in 2023, aiming to encourage companies to enhance circular action while promoting engagement with the public and the financial sectors.
Simultaneously, the demand for non-financial information disclosure is also growing for investments towards sustainability, requiring standardized metrics and disclosure schemes for circularity that allow companies to monitor, assess, disclose and communicate their corporate performance to the financial sector and other stakeholders.
GCP, a global initiative led by WBCSD aims to promote circularity in business through addressing such policy and accountability gaps.
Co-hosted by MOEJ, WBCSD and WEF, this session will highlight the importance of and the linkage between CEREP and GCP, and explore how an enabling framework can be established to drive circularity and enhance opportunities in businesses.Program
Opening Remarks
- MATSUZAWA Yutaka | Vice-Minister for Global Environmental Affairs, MOEJ
Presentation
- YOSHIDA Satoshi | Director for International Resource Circulation and Circular Economy, Ministry of the Environment, Japan
Presentation
- Dominic Waughray | Executive Vice President, WBCSD
Panel Discussion
- Jenny Davis-Peccoud | Sustainability Practice Founder, Bain & Company
- UEHARA Hirotoshi | Executive Officer, Panasonic Operational Excellence Co., Ltd.
- KUSAJIMA Takayuki | Project General Manager, Sustainability Management Div., Toyota Motor Co.
- Dana Barsky | Global Head of Sustainability Strategy and Net Zero, Standard Chartered Plc
- Mary de Wysocki | Senior vice-president and Chief Sustainability Officer, Cisco
- Anis Nassar | Lead, Circular Economy Innovation and Business Engagement, World Economic Forum
Closing Remarks
- MATSUZAWA Yutaka | Ditto
- Session Summary
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Circular Economy (CE) approaches are key strategies to address climate change where business play instrumental role. The discusison focused on examples of CE initiatives and challenges faced by companies, private finance and data as critical enablers of CE and policy needs. Promoting CE in business requires a global recycling system, policy harmonization among countries, and a common framework for evaluating circularity (indicators, disclosure, etc.). Panelists further voiced expectations for GCP to become the global de facto standard that provides enablers to address the needs and challenges.
Group Photo