In 2015 I was invited to give a talk at the International Monetary Fund in Washington D.C.. together with Prof. Terence Tse from ESCP Business School in London and Prof. Mark Esposito from Harvard University.
Prof. Esposito co-founded the Circular Economy Alliance where he serves as Chairman of the Strategic Foresight Board. He was inducted in 2016 in the radar of Thinkers50 as one of the 30 most prominent rising business thinkers in the world. He is a global expert of the World Economic Forum and advisor to national governments.
”The circular imperative:
At the same time, a number of global trends – e.g. the shift to value-based care, changing consumption patterns and the adoption of digital technology – are supporting the transition to a circular economy.
How Philips practices circular economy
In a circular economy, products, parts and materials are kept at their highest utility and value at all times, circulating between customers. These productive loops maintain value while minimizing waste and the extraction of finite resource reserves.”
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Philips supports the principle of Individual Producer Responsibility (IPR) as introduced in article 12.3 of the WEEE Directive. Philips therefore actively cooperate with our industry partners, the recycling community and other stakeholders to further develop these systems and their supporting financial mechanisms to create the boundary conditions to make IPR work. Philips sees a transition to a Circular Economy as a practical way to implement the Individual Producer Responsibility principle in reality.