Sydney, Australia: Today, the Business Council for Sustainable Development Australia, NSW Government’s Sustainability Advantage and the World Business Council for Sustainable Development will begin a unique training program on the Circular Transition Indicators (CTI) framework.
The training program, which is being held over three sessions during July, will provide Australian companies with a deeper level of understanding of CTI and the online tool, preparing them to implement the methodology into their own operations.
“The momentum to step away from a take-make-waste economic model is growing and we see both the private and public sectors to begin setting ambitious circular targets,” said Andrew Petersen, CEO of BCSD Australia. “In recent years, the circular economy has increasingly appeared as the new model to pursue sustainable economic growth. However, for companies and governments to be able to assess their circular performance, they need consistent measurement processes and metrics.”
With transparency and alignment critical to establishing a common language across industries and governments, the World Business Council for Sustainable Development developed the CTI to provide a universal and transparent framework to measure circularity that can be applied to businesses of all industries, sizes, value chain positions and geographies.
“Through this program, companies will understand how to increase their capacity to measure and improve circular performance, build their capacity to apply CTI and understand how to realise the benefits of existing opportunities of going circular,” said Celia Tesoriero, Program Manager, Sustainability Advantage.
Although the use of common indicators for circularity performance is essential to accelerating the transition to the circular economy, the value of CTI for a company goes beyond the calculation in the guidance, analysis and explanation for how circularity drives company performance. The CTI process helps companies’ scope and prepare the assessment and interpret its results, understand its risks and opportunities, prioritise actions and establish SMART targets to monitor progress.
The training is delivered by WBCSD, KPMG and Circular IQ, and is being localised in Australia by BCSD Australia and the NSW Government through Sustainablility Advantage.
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About BCSD Australia
BSCD Australia is an Australian coalition of over 70 private and public organisations advocating for progress on sustainable development. Its mission is to be a catalyst for innovation and sustainable growth in a world where resources are increasingly limited. The Council provides a platform for companies to share experiences and best practices on sustainable development issues and advocate for their implementation, working with governments, non-governmental and intergovernmental organisations.
BCSD Australia’s members include leading Australian businesses, from all sectors, who share a commitment to economic, environmental and social development, public sector enterprises institutions, business and industry non-government organisations and community organisations, which in turn represent more than 100,000 Australian employees.
About Sustainability Advantage
Working with medium and large organisations to accelerate the adoption of sustainable practices and nurturing leaders committed to securing a sustainable NSW. Sustainability Advantage has a successful track record of catalysing and facilitating excellence in corporate sustainability. Sustainability Advantage assists organisations to become sustainability leaders by:
· supporting organisations to embed sustainability into everyday practices
· helping organisations to be more efficient and save money by reducing resource and energy use, water use and waste
· encouraging organisations to set ambitious targets to reduce carbon emissions
· cultivating networks and collaborations to solve sustainability challenges and achieve the United Nations Sustainable Development Goals.