Material recycling is widely recognised as a critical enabler of both the circular economy and sustainable consumption. Globally, an additional recycling rate of 55% over current levels by 2040 will be necessary to reign-in resource depletion and stay within planetary boundaries — meaning that up to 90% of all consumed resources will need to be recycled. Meeting these targets would save up to 50 billion tons of carbon dioxide (CO2) emissions, or 15% of the remaining carbon budget as expressed in the terms of the Paris Agreement.
Sustainable insurance protection is one of the crucial building blocks to achieving this transition. During the second webinar of our Climate Change series, we will highlight how cross-industry collaboration can pave the way for the necessary transition into circular business models.
