SUSTAINABLE BUSINESS CONSULTANCY and ENTREPRENEURSHIP COACHING
Let’s transform your IDEA into a SUSTAINABLE BUSINESS OPPORTUNITIES… Start your Sustainable Entrepreneurship Journey…Your SUSTAINABLE VALUE CREATION Journey begins here…
…Your organisation’s ULTIMATE GOAL to remain COMPETITIVE ADVANTAGE in 2030 and Beyond…depends on how your Business and Team LEARN to LIVE & EARN withing THE ECOLOGICAL LIMIT…
Understanding your Organisation’s MATERIAL Sustainability Issues…Transitioning toCIRCULAR ECONOMY … Moving up in the CIRCULAR ECONOMY BUSINESS MODEL… is of Paramount Importance…
Herman Daly is a pioneering Ecological Economist (1938-2022).
His ideas, considered heresy in the 1960s, have become the foundation for many fresh economic approaches.
In the 1960s, when economic growth became the single most important objective of government economic policy, Herman Daly called for a change in thinking to make our economies more consistent with the finite energy and resource limits of the Earth.
His ideas have become a foundation for many new approaches, such as doughnut economics and wellbeing economics, by placing the economy within the Earth’s systems and in society.
Daly Triangle is an integrated Sustainability Framework which relates natural wealth to ultimate human purpose through technology, economy, politics, and ethics.
The Triangle has three levels: Ultimate Means (Natural Environment) is the base or basis on which Intermediate Means (Economy, Technology, Politics & Ethics), and Ultimate Ends (Equity & Human Well Being) depends on or the top two levels are sub-system of Natural Environment i.e. Ultimate Means.
a) those areas of an organization’s operations that are positively or negatively impacts OR advancing or detrimental to sustainable development.
b) that information’s availability or non-availability has the potential to influence stakeholders’ decision-making abilities or change assessments outcome significantly or substantively.
Most importantly, GRI strongly advocates that material sustainability topics should not be deprioritized based on not being recognized as financially material by the organization.
In the Climate Disclosure Standard Board (CDSB) standard, environmental information is material if
“the environmental impacts or results it describes are, due to their size and nature, expected to have a significant positive or negative effect on the organization’s current, past or future financial condition and operational results and its ability to execute its strategy; or omitting, misstating or misinterpreting it could influence decisions that users of mainstream reports make about the organization.”
MATERLITY definition of International Sustainability Standards Board (ISSB)
The IFRS Foundation’s focus is on meeting the information needs of investors.
A company is asked to disclose material information about the sustainability-related risks and opportunities that could reasonably be expected to affect its prospects.
The definition of material information is aligned with that used in IFRS Accounting Standards—that is, information is material if omitting, obscuring or misstating it could be reasonably expected to influence investor decisions.
What is Circular Economy?
A circular economy keeps materials and products in circulation for as long possible.
“an economy that uses a systems-focused approach and involves industrial processes and economic activities that are restorative or regenerative by design, enables resources used in such processes and activities to maintain their highest value for as long as possible, and aims for the elimination of waste through the superior design of materials, products, and systems (including business models).”
A circular economy reduces material use, redesigns materials and products to be less resource intensive, and recaptures “waste” as a resource to manufacture new materials and products.
What are Circular Economy Business Model?
Circular Economy Business Model (Close Loop Economy)
The aim of Circular Economy Business Model is to limit waste, maximize life of recourses, designing material goods for durability, reuse, upgrade and repair and adding value for all.
Circular business models are a collective term for a great variety of business models that capitalize on residual value of products and materials by closing material and product loops.
Circular business models are seen as better equipped than traditional business model to address the challenges of economic and physical resource
