Circular Economy Outlook Nordics 2024
Business opportunities and reduction of climate emissions are two of the top drivers for circular transition among listed companies in the Nordics. A majority expect their competitors to develop significant circular capabilities. Most of these companies also believe that EUs circular regulations will help them gain a competitive edge.
These are just a few among many insights from Circular Economy Outlook for the Nordics, a groundbreaking study that explores adoption and execution of strategies for material and resource efficiency among publicly listed companies in the region.
Some of the findings in the report:
- The report introduces a new method for measuring circular activity in companies: the Circular Business Index. The Circular Business Index for Nordic public companies is 21%.
- 79% of the companies believe that their competitors will develop significant circular capabilities within the coming years.
- Only a small fraction of companies indicate that they themselves present circular requirements to suppliers in all or most purchases. Worse, one-fifth of companies only set circular requirements in their purchases when customers or authorities demand it.
About the report
Circular Economy Outlook 2024 explores to which extent public companies in Denmark, Finland, Norway and Sweden have integrated circular strategies into their business and operations. The study addresses 809 unique companies on the main lists (LargeCap, MidCap, SmallCap) at the stock exchanges in Copenhagen, Helsinki, Oslo, and Stockholm. 283 companies (35%) have responded to the survey and 64 companies (8%) have been interviewed. The total participation rate is 39%.
The authors of the study are Marcus Linder, RISE, and Michel Bajuk, Cradlenet. The study has been led by Cradlenet and RISE in a collaboration with Danish Technological Institute (DTI), Research Centers of Norway (NORCE), and Technical Research Centre of Finland (VTT).
The project is co-financed and supported by: Avfall Sweden (Swedish Waste Management), Foxway, Helsinki Circular Valley, Håll Sverige Rent, Industriens Fond, Nordic Circular Hotspot, Nordic Innovation, Ragn-Sells, RE:Source, Sirk Norge (Avfall Norge), Skanska Sweden, Södra Skogsägarna, Teknikföretagen (Technology Industries of Sweden) and Återvinningsindustrierna (Recycling Industries of Sweden).
Read the report here:
Circular Economy Outlook 2024 (pdf, 12.79 MB)