We are pleased to announce that two of our Network Members — Pernod Ricard and SAP — have now become Partners.
We have also renewed our Strategic Partnerships with H&M Group and Intesa Sanpaolo.
The Ellen MacArthur Foundation’s Network is the world’s leading circular economycircular economyA systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. It is based on three principles, driven by design: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature. network, bringing together leading businesses, policymakers, academia, innovators, and thought leaders worldwide to accelerate the transition to a circular economy.
New Partners:
Pernod Ricard: the world’s second largest wine and spirits producer, with a portfolio of brands including Absolut, Beefeater, Chivas Regal, Jameson, Martell, and Perrier-Jouët, Pernod Ricard has been a signatory to the New Plastics Economy Global Commitment since 2018 and is committed to reducing waste through innovation in circular design. The group has eliminated the use of single-use plastic promotional items, four years ahead of its 2025 objective.
SAP: a multinational software solutions provider, SAP’s products, including its just-launched Responsible Design and Production solution, enable customers to design circular products, eliminate waste, and build regenerative business models.
Strategic Partner renewals:
H&M Group: high street and online fashion retailer, H&M Group, is committed to becoming a circular business, designing its products in line with circular economy principles by 2025 and becoming climate positive by 2040. The company recently contributed to our Circular business models — redefining growth for a thriving fashion industry study and Circular design for fashion book.
Intesa Sanpaolo: Italy’s largest bank, Intesa Sanpaolo, has just announced a further EUR 8 billion will be allocated to its circular economy credit facility as part of its 2022-25 Strategic Plan, building on the EUR 6 billion previously distributed. It also launched a EUR 750 million sustainable bond to support circular economy companies in 2019. Together with the Foundation and Bocconi University, the company published a white paper: The circular economy as a de-risking strategy and driver of superior risk-adjusted returns.
These organisations share an ambition to transform the way they do business. We look forward to supporting them, and facilitating collaboration opportunities with other Network organisations, as they strive to become more circular.
