WBCSD to develop a global circularity protocol
At WCEF2023, the World Business Council for Sustainable Development launched the development of a new tool to accelerate the adoption of circular business models.
The development of a Global Circularity Protocol (GCP) is an initiative that will help drive the global effort to mainstream the circular production and consumption model. The protocol will be designed to foster policy alignment, facilitate accountability of businesses, attract investment and raise consumer awareness.
With this initiative, the business community wanted to underline its ambition, to seek solutions through a collaborative approach with other stakeholders and to create a voluntary framework that is open to all. Leveraging its experience in protocol and circular metrics development, demonstrated through the co-authorship of the Greenhouse Gas Protocol and the creation of the Circular Transition Indicators, WBCSD will collaborate with its member companies and global network partners to develop the protocol.
Read more in WBCSD’s news.