Closed Loop Infrastructure Group
PACE Partners Closed Loop Partners, the Coca-Cola Company, Procter & Gamble and Unilever are contributing to the following Calls to Action from the Circular Economy Action Agenda
Support Manufacturers to Increase Sourcing of Secondary Components (Capital Equipment, CTA 8)
Strategically Plan Sorting and Recycling Facilities, in Compliance with Trade Regulations (Plastics, CTA 7)
The Closed Loop Infrastructure Group (CLIG) aims to build a circular economy supported by strong infrastructure that ensures all valuable materials – from plastics to paper, glass and aluminium – are recovered after use, kept in circulation and never go to waste. CLIG funds replicable, scalable and sustainable recycling and circular economy infrastructure projects across collection, sortation, processing and new technologies in recycling. Each of the funds in the Infrastructure Group invest alongside one another to bridge existing financing gaps, scale solutions and build on synergies across the funds’ networks to scale circular economy infrastructure across North America.
Objectives for 2021
In 2021, the Closed Loop Infrastructure Group will undergo third-party verification of impact processes and performances and continue to support investees in its Closed Loop Beverage Fund and Closed Loop Infrastructure Fund. The Group also launched the Closed Loop Circular Plastics Fund as an industry-led investment fund that provides catalytic ﬁnancing to build circular economy infrastructure, upgrade recycling facilities and spur technological innovations to source, process and return post-consumer and post-industrial polyethylene (PE) and polypropylene (PP) plastic into manufacturing supply chains in the U.S. & Canada for use as feedstock for future products and packaging.
Closed Loop Partners, the Coca-Cola Company, Procter & Gamble and Unilever (PACE Partners)
3M, Colgate Palmolive, Johnson & Johnson Consumer Health, Keurig Dr. Pepper, PepsiCo, The Walmart Foundation, Amazon, Danone North America, Danone Waters of America, Nestlé Waters North America, Starbucks, DOW, Lyondellbasell and Nova Chemicals
Capital Equipment Coalition - Europe and North America
This Action aligns with the following Calls to Action from the Circular Economy Action Agenda for Capital Equipment:
2. Transform Customer Perception and Procurement Models to Increase Demand for Circular Products and Services
3. Leveraging Servitization, Guide and Support Product Use Rates and Use Life Extension
6. Collaborate Across Value Chain and Sectors to Strategically Plan Reuse Operations
7. Increase End-of-Use Product Return
9. Leverage Digital Technologies for the Circular Transition
Europe and North America
Ambition of the Capital Equipment Coalition
Our vision is a closed-loop capital equipment industry in which value is preserved and recovered across the product lifecycle.
To achieve this vision, it is our ambition to:
Accelerate the implementation of circular practices internally (through organizational change) and across the value chain (through external engagement of suppliers and customers)
Drive alignment of cross-sectoral strategies and developing a shared language and narrative
Contribute to the global circular economy transition
Global use of capital equipment - ranging from MRI scanners to agricultural equipment and much in between - represents a significant proportion of all material use and current waste generation.
During Davos 2018, a group of forward-thinking business leaders in Europe committed to bold pledges that aim to preserve and recover the value from the capital equipment they produce, service, or influence. In February 2021, a new group of businesses in the North American market joined as an additional cohort within the Coalition alongside Europe.
While pursuing their individual commitments, the group collectively develops an understanding of the most critical common challenges and best practices to overcome them. By openly sharing progress on their pledges and insights on replicable practices, the group aims to inspire other companies to define their own commitments and help drive the transformation of the capital equipment sector. The Coalition’s platform will facilitate collaboration among not only participating companies, but also key enabling stakeholders across industries in both markets to identify, build upon, and share approaches and technologies that can accelerate the circular economy. We know that the impact of these efforts will be multiplied if we work together across sectors and siloes to drive meaningful change.
Plan of Action
The Coalition collaboratively identifies challenges and opportunities, shares best practices and develops solutions to drive change towards a circular economy for Capital Equipment. By openly sharing progress, insights and learnings, the Coalition creates awareness on the need to transition, engages and enables other players in the public and private sector with the knowledge to accelerate collective progress towards a circular economy.
If you would like to know more about the European Cohort, please reach out to Circle Economy.
For companies or partners interested in joining the North American Cohort, please email the U.S. Chamber of Commerce Foundation’s Sustainability and Circular Economy team.
U.S. Chamber of Commerce Foundation
Project Partners European Cohort
FedEx Express Europe
Project Partners North American Cohort