Week 9 Flashcards
What are implications for business?
Regulation - Must do
Ethical behaviour - Expected to do
Sustainable business - Smart & good to do
Sustainable development goals
The SDGs present 17 areas (the goals) that need to be addressed by 2030 in order to create a better more sustainable future in order to combat global challenges.
The question, however, raises whether a business can address sustainability issues based on 17 high-level goals and become a corporate citizen.
In other words, can the SDGs be operationalized by business?
Sustainable development goals with more detail
Break down on how to reach the goals
into more specific targets business can work with
Example: No poverty
The sustainability interpretation 3
Determinant of change,
Vision
Mission of the company
is as the description already says the best approach. There are several ways of companies then integrate sustainability
How is sustainability being integrated?
Integration happens mainly through innovation
Business model innovation (decoupling) Economic innovation Technical innovation (things that improve effectiveness)
effectiveness technologies also refer to business model innovation
Circular economy philosophy
Creating two distinct circular loops
Biological
Cascades
Biochemical feedstock
Composting/ Extraction
Circular economy philosophy
Creating two distinct circular loops
Maintain/Share
Reuse/Redistribute
Refurbish/Remanufacture
Recycle
Circular Business Models
Taking recycling, reverse logistics into the business
Circular Business Models
Circular Supplies
Renewable and biodegradable resources
Circular Business Models
Resource recovery
Recover value through recycling, upcycling
Circular Business Models
Life cycle extension
Design for modularity and optimal resource recovery
Circular Business Models
Sharing Platform
Promoting collaboration by offering a platform for demand and supply
Circular Business Models
Product as a service
Shifting from volume to performance
Circular Economy Enablers
Accelerated growth through digital, engineering and mix of those
Circular Economy Enablers
Digital
Blockchain
Cloud
Mobile
Big data
Circular Economy Enablers
Hybrid
3D Printing
Trace
Circular Economy Enablers
Engineering
Materials
Advanced recycling
Modular design
Circular Economy Capabilities
capability shifts for circular business models
Circular Economy Capabilities
Strategy
From focus only in the core business to manage complex and collaborative networks
Circular Economy Capabilities
Innovation & product development
From designing for single-use to designing for many life cycles and users
Circular Economy Capabilities
Sourcing and manufacturing
From homogenous supply chains to heterogeneous resource flow innovation and cascading
Circular Economy Capabilities
Sales & product use
From never seeing your product again to customer and asset lifecycle management
Circular Economy Capabilities
Return chains
from compliance to opportunity-driven take-back
