Stephen Jamieson A circular economy for plastics is attainable only if we work in partnership across the materials value chain to close the recycled waste supply gap and create a system that unlocks value in waste – no one company can operationalise this alone .

Our partnerships with converters and brands – ranging from auto manufacturers to consumer packaged goods companies – are being driven by synergies between corporations that share the common goal of advancing circular and low-carbon solutions . A global agreement will also help provide regulatory certainty to help super charge private sector investment in circular solutions .

As we press forward toward a circular future , we must leverage various tools to help us get ahead . Establishing innovative projects with global partners to transform more plastic waste is one way . Design for circularity is another . The agreement on plastic pollution should include universal product design principles based on life-cycle assessments . These can lead to increased recycling and reuse and promote circularity in product designs .

Businesses are also developing a range of environmentally-sound recycling technologies to ensure the broadest range of plastic waste can be recycled . By enabling a suite of recycling technologies , we can achieve a major leap in the portion of plastics that can be recycled – especially hard-torecycle plastics .

Haley Lowry Technology and data will play a critical role in operationalising the treaty by enabling traceability and transparency in the plastics lifecycle . Essentially , driving the operational execution of new global mandates so that business stakeholders can act on them .

Improved data and digital tracking will help businesses design for circularity , comply with regulations and make informed decisions about material use and waste management . SAP ’ s solutions , for example , support the supply chain logistics and transactional systems responsible for the management of plastics and materials around the world . This helps our customers meet the treaty ’ s requirements and contribute to ending plastic pollution . WATCH NOW

Business Needs Global Rules Video The Sequel

72 January 2025