Sustainability as a business strategy is becoming increasingly appealing to managers, executives and business owners, and more businesses and organizations are driving change and success, with sustainable business goals.

According to HBR, when combined with other climate-led decisions such as a more sustainable use of business resources. The data-driven and connected industrial economy holds significant promise for supporting climate change mitigation strategies.

Research shows that the circular economy offers a $4.5 trillion economic opportunity by reducing waste, stimulating innovation and creating employment.

Many of these economic benefits and opportunities are long-term, indirect and require significant investment; a long-term view is key, as are short-term incentives to drive the change.

The quest for a substantial improvement in resource performance across the economy has led businesses to explore ways to reuse products or their components and restore more of their precious material, energy and labor inputs. A circular economy is an industrial system that is restorative or regenerative by intention and design. The economic benefit of transitioning to this new business model is estimated to be worth more than a trillion dollars in material savings alone, according to the world economic forum.