Plenary session 3: Unlocking circular business models

Innovative circular industry solutions across the plastics value chain and across regions are showing the way to enable a circular plastics economy. These solutions to tackle plastic pollution prove to be critical, as global plastic waste generation has more than doubled from 156 million tonnes in 2000 to 353 million tonnes in 2019. Understanding how industry players have built these solutions, which incentives, enabling policy tools better support implementation, and what helps innovators and innovations scale, will be valuable to the participants joining this event just a few months before the final round of negotiations for international legally binding instrument (ILBI) on plastic pollution.

The Global Plastic Action Partnership (GPAP), a multistakeholder platform hosted by the World Economic Forum, aims to shape a more sustainable and inclusive world through the eradication of plastic pollution. GPAP brings together governments, businesses and civil society to translate commitments into action. Through its National Plastic Action Partnerships, GPAP empowers countries to tackle plastic pollution thanks to an inclusive, multi-stakeholder and evidence-based approach to support the transition to circular business models. There are currently 17 countries partnering with GPAP, of which seven are in Asia.

This session will give participants the opportunity to learn more about the factors that enable the business transition to a circular economy of plastics: policy, access to finance and multi-stakeholder. collaboration.

This session aims to:

  • Create a greater understanding of the existing solutions on how businesses can transition towards circular and economically viable business models and solutions
  • Reflect on the need policies and regulations to enable and accelerate circular business transformation and innovative circular solutions at scale
  • Provide perspectives from circular solution providers to share good practices and raise awareness

Moderator: Mr Pedro Sao Simao, National Plastic Action Partnerships Lead, Global Plastic Action Partnership

Welcome video message: Clemence Schmid, Director, Global Plastic Action Partnership, World Economic Forum

Speakers:

  • Ujang Solihin Sidik, Deputy Director for Producer Governance, Ministry of Environment and Forestry, Indonesia
  • Harsha Reddy, Vice President and Global Head of Sustainability Development, Indorama Ventures
  • Bintang Ekananda, Co-founder and Chief Executive Officer, Alner
  • Regula Schegg, Founding Partner and Chief Financial and Operating Officer, Circulate Initiative
  • Le Ngoc Tuan, Director General, International Cooperation Department, Ministry of Natural Resources and Environment of Viet Nam

Session recording: https://www.youtube.com/watch?v=mGeKTjUFohI