CIRCULAR ECONOMY a sustainable direction and develop more circular and sustainables products and business models . “ This makes procurement a vital part of sustainability and ESG programmes , putting them at the heart of driving positive change for the business ,” explains Clare .
A circular economy approach based on the principles of asset lifecycle management and building on the blueprint provided by a comprehensive base level assessment , helps organisations to deliver sustainability and digital transformation , as well as enabling them to decarbonise and electrify faster .
“ Crucially , it helps businesses maintain aging equipment and make the right decision on when to replace , repair or refurbish a product ,” adds David .
He continues : “ Circularity is applied across the life cycle of our products at Schneider Electric and we aim to eliminate waste by up to 90 %. This has a significant impact on the use of the materials , and dramatically reduces an organisation ’ s carbon footprint . It ’ s good for the environment , but it also maximises the use of electrical equipment and assets . This is music to the ears of stakeholders that are exerting pressure on organisations to clean up their operations and make more efficient use of energy to comply with ESG goals and meet net zero regulations .”
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