In the last 25 years, there has been an increasing awareness amongst businesses that all key stakeholders need to be considered in directors’ decision-making. The work of Tomorrow’s Company heavily influenced changes to the Companies Act 2006 which required boards to adopt an enlightened shareholder approach. This approach is now being promoted across the Atlantic by the US Business Roundtable. Perhaps being registered as a B Corp is an approach that firms could adopt towards a more inclusive capitalism with a focus on people and planet as well as profit.
Peter is a circular economy coach, workshop facilitator and strategic advisor. He helps businesses find circular opportunities, create a compelling business case, and broaden their networks, and is keen to work with SME’s and start-ups, helping them use the circular economy to succeed and prosper. Peter’s extensive financial background underpins his circular economy advice and support, and he supports businesses as a Circular Economy Club Mentor and Local Organiser for Brighton & Hove. He also helps overseas organisations to embed the circular economy and is co-founder and chair of the African Circular Economy Network.
The circular economy is an essential tool in mitigating the negative impacts of the climate and ecological crisis. We in the Global North need to do more than anyone, given that we created the problem in the first place. By taking on board the principles of a circular economy, engage in conversation with those around us, lobby people in power and take circular actions in our businesses and homes. This will mean we can move away from our current linear economy as well as reducing carbon emissions which will improve prosperity, enhance the reputation of business, and create healthier lifestyles to the benefit of ourselves and our planet.
Back from Helsinki, Peter shares his thoughts on the World Circular Economy Forum (WCEF 2019). There were plenty of links to the United Nations Sustainable Development Goals, and lots of discussion (though no solutions) to the challenge of measuring circularity. Peter includes some circular economy examples from Europe and Africa, and tells us about the highlights of session focussed on bioeconomy solutions for plastics.
A 5 minute video – Peter explains what the circular economy is, and how it builds stronger, more resilient businesses, with multiple benefits for customers too.
Peter Desmond’s blog for Brighton Chambers of Commerce in 2018, explaining how the circular economy is good for business and better for customers too
Could Africa use ‘lessons learned’ from industrialised economies to create a sustainable, equitable and prosperous society? The world is becoming more aware that a culture of ever-increasing consumption and ‘take, make, dispose’ creates pressure on resources, land and water, leading to ever-more pollution and waste, impacting on the health of humans and the living systems we depend on. Could the circular economy be the critical link in avoiding ecosystem degradation, expensive or scarce resources and unethical, unsafe employment practices?
Examining the constraints inhibiting progress towards a circular economy for mobile phones in South Africa