Johnson Controls finalist for circular economy honor
The Circulars, an initiative of the World Economic Forum and the Forum of Young Global Leaders, is the world’s premier circular economy award program, offering recognition to individuals and organizations from commerce and civil society across the globe that have made notable contributions to the circular economy in the private sector, public sector and society.
Entrants to the awards are leading the way in driving innovation and growth that is decoupled from the use of scarce natural resources. Awards will be presented in a ceremony at the World Economic Forum Annual Meeting in Davos in January 2017.
The Accenture Strategy Award recognizes an established organization, with global reach and over $100 million in turnover, which is demonstrating innovation in its existing business.
Johnson Controls has established one of the world’s most successful examples of a circular economy – designing, making, transporting, recycling and recovering vehicle batteries using more sustainable methods.According to the Circulars’ website, Johnson Controls has established one of the world’s most successful examples of a circular economy – designing, making, transporting, recycling and recovering vehicle batteries using more sustainable methods.
The company’s circular supply chain helped push recycling rates for conventional batteries to 99% in 2015 in North America, Europe and Brazil -- enabling the company to produce batteries containing more than 80% recycled material. The reuse of metals from used batteries results in 99% fewer greenhouse gas emissions than processing primary ore, while using recycled plastics consumes 90% less energy than processing virgin plastic. The reverse logistics network that Johnson Controls has implemented also reduces transportation miles.
The circular economy is a resource efficient alternative to the traditional wasteful linear economy. It decouples growth from scarce resource use allowing economic development within natural resource limits and allowing companies to innovate to enable customers and users to do “more with less” while driving real business value.