At the World Economic Forum Annual Meeting in Davos, the World Business Council for Sustainable Development (WBCSD) launched the Circular Transition Indicators (CTI) framework and the accompanying free online tool.
Two years in the making, the CTI framework has been jointly developed with 26 WBCSD member companies, representing 13 industries, across 13 countries and USD $1.7 trillion in annual turnover, making it truly built for business, by business.
The CTI is a comprehensive framework that complements a company’s existing sustainability efforts and it is applicable to all companies, regardless of their industry, value chain position or geography. It enables companies to take ownership of their circular transition and perform their self-assessment based on their own scope and priorities, in full confidentiality and without sharing data with third parties.
The CTI fills the gap for a universal and consistent way of measuring circularity. It gives companies a common language to use both for internal decision-making and for communicating with external key stakeholders in the supply chain.
Full press release on WBCSD
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