To face the challenges of the growing world population, water scarcity, climate change and scarcity of resources, we need to change the way we consume from linear towards circular. In our view this means preserving existing value, protecting the environment and make optimal use of resources, materials and products. This brings economic, as well as societal and environmental value.

Creating new and innovative business models and circular collaboration

The transition towards a circular economy requires system-wide innovation to decouple (economic) growth from resource consumption. The circular economy is not only a set of principles – it defines actual actions to respond to rising trends and needs. We support businesses to operate in an era of this systemic change.

KPMG supports with circular value creation

The concept of co-creation to develop futureproof strategies and business cases is one of the key elements to always keep in mind. This is where KPMG Sustainability brings added value. We help organizations in their circular journey with our extensive experience and to-the-point services. Our services range from the development of a circular strategy to developing circular business models, and from measuring and steering circularity to activating your supply chain via our product circularity improvement program. To connect the circular ecosystem, we participate in multiple initiatives and networks, such as our knowledge partnership with Rabobankour involvement in the WBCSD CTI framework and our collaboration with Circular IQ to fasten the transition to a circular economy.

We deliver three types of services:

KPMG helps Philips

Philips has ambitious goals for circularity. The objective is for 25% of revenue to be generated from circular products and services by 2025. This could involve reusing (parts of) (current) products, but also producing products differently, by designing them to be more circular, or by (partly) digitising them.

By 2025, the goal is to reach 25%, but to make sense of that growth, something essential is needed: being able to measure circularity even better, in line with the latest trends and insights. Are you interested to learn how KPMG has helped Philips with their sustainability challenges? Read our client story.

 

Find out how KPMG's expertise can help you and your company

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