A key aspect of circular procurement is procuring raw materials as inputs for manufacturing… Raw materials are essential for many types of business operations, yet if unchecked can pose significant challenges for sustainability. According to the World Economic Forum, over 90% of global biodiversity loss and water stress, along with approximately half of global greenhouse […]
Circular procurement, the strategic purchase of goods and services that reduce or eliminate waste, is emerging as a key market development approach for the circular economy. In Nigeria, where economic growth is intertwined with the challenges of waste management and resource conservation, embracing circular procurement is not just an environmental imperative but also holds potential […]
With a growing concern for environmental sustainability and resources conservation, circular procurement is an approach to purchasing works, goods and services to reduce reliance on virgin materials, keep materials in use for longer, reduce environmental impacts, promote sustainable business practices, and support businesses which promote circular business models. Asides the other benefits of integrating circular […]
Circular procurement has gained traction as a catalyst to drive the transition to a circular economy in Nigeria. With environmental and social consequences of linear procurement on the rise, individuals and businesses are increasingly taking action to minimize waste, preserve resources, and enhance sustainability. Quite laudable, yet, more than ever, the private sector and the […]
In recent times, the phrase “Circular Economy” has gained prominence among companies, organisations, and institutions. It’s almost fair to say that any organisation not introducing the Circular Economy concept to its employees or team might be lagging behind. The Circular Economy is currently in the spotlight! It essentially offers waste a new lease of life. […]