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The Foundation’s largest network continues to expand, with five new members joining an already diverse and dynamic Circular Economy 100 (CE100) community. The City of Charlotte, beauty manufacturer Coty, and Emerging Innovators Excess Material Exchange, Hexagro and Creolus will create further opportunities for collaboration and innovations for a circular economy.
Charlotte a major city and commercial hub in North Carolina, USA, has more than 850,000 residents. The local government employs nearly 8,000 people and has a USD 2.39 billion budget. The next year will see the city focus on three circular economy streams: building a closed-loop textiles chain for linens and uniforms that are used in hotels and hospitals, creating a commercial scale facility to recycle food waste into larvae for livestock feed and opening a Materials Innovation Lab to develop innovations forfor repurposing specific waste types into new products.
New Corporate member Coty the beauty company, makes fragrances alongside cosmetics skin care, hair colour, and styling products. The company’s iconic portfolio sees them lead the global market for some of the world’s best known fragrance brands. In joining the CE100, Coty wants to challenge the controversial belief that beauty has to generate waste and rely on virgin materials, and to explore the potential of circular economy by embracing the challenge of circular design and production for packaging and ingredients.
Creolus, an investment fund in bio plastics, aims to invest in new materials and process technology to replace, recycle and redesign plastics. With a mix of scientists, investment professionals, patent attorneys, and entrepreneurs, the organisation looks at the very early stages of development, from the lab-bench onwards. The company aims to catalyse the finance industry to invest in the circular economy, while investing itself in solutions with a ‘profit making mindset’ to stimulate innovation and give rise to a plastics system that works in the long term.
Hexagro Urban Farming develops modular, easy to use, indoor gardens to transform any interior into a productive space. The organisation believes in a future where anybody, anywhere can access healthy food. Using very specific biomimicry and a circular approach to all its operations its first product, the Living Farming Tree, allows any user to grow vegetables efficiently using its plug and play design. Through its newly generated network, Hexagro aims to decrease food waste and provide easy to use tools so that anyone can take part in this change.
Excess Material Exchange is a digital, facilitated marketplace where companies exchange excess materials and products. The site acts much like a dating site by matching supply and demand, and materials with their highest value reuse potential. The Exchange wants to reinstate waste as a valuable resource and prepare companies for large scale exchange of their excess materials having already piloted the project with organisations like DSM, Sodexo, ProRail and Tarkett.