ESG
“ We ' re going to see a rapid acceleration because we ' re not really waiting for corporations to provide the space anymore … It ' s a Renaissance . The power is coming back into the hands of the people .”
DAVID KATZ CEO AND FOUNDER , PLASTIC BANK
The Regeneration Economy REDUCE . The first R seems to have long since been forgotten , an inconvenience in a world built on overconsumption .
As the summary states , humanity is consuming natural resources at an astonishing rate . During the 20th century , global raw material use rose at about twice the rate of population growth . In 2020 , global demand for resources was 1.6 times what the earth ’ s ecosystems can regenerate in a year .
“ We have to reduce , no question . We have to reduce anything that demands virgin plastic production . That ' s number one . We have to create a greater demand for materials that are regenerative . It ' s not about sustainability . It ' s not about saying let ' s do less damage this year than we did last year . That ' s a thin veil . It ' s just a line ,” says Kratz .
“ What we ' re entering is a regeneration economy . The regeneration economy is those companies that are going to repair the damage that they and their competitors have done . And they show up and say , look at what ' s occurred in the world . We ' re beyond sustainable . We ' re so far into the damage that we need to repair the damage . Which companies will exhibit that ? Those are the ones that will win . That ' s the blue ocean strategy of today .”
“ We ' re going to see a rapid acceleration because we ' re not really waiting for corporations to provide the space anymore . I can ' t use the word Renaissance enough . It ' s a Renaissance . The power is coming back into the hands of the people .”
Let ’ s hope it comes fast enough . As Google says , “ each of us , every day , can keep the circular economy turning by choosing circular products and services for our own lives and playing our part to keep resources in use longer .” procurementmag . com 119