Finns feast for the #CircularEconomy | Innovators magazine

LEDiL leads the way in enhancing the efficiency and performance of LED lighting and hence reducing the climate impact of lighting…

IT services major Infosys on Tuesday said it has partnered with UK-based charity, Ellen MacArthur Foundation charity and they will work together to accelerate the global transition to a circular economy. A circular economy designs out waste and pollution, keeps products and materials in use, and regenerates natural systems, creating benefits for society, environment, and economy. The Foundation works with its network of Strategic Partners, Partners, and Members, a statement said adding that Infosys NSE 0.71 % has joined the network as a Partner.

Summary List PlacementStartups that pioneer a “circular economy” — decoupling commercial growth from the consumption of finite resources — want to win over a new generation of climate-conscious consumers. The clothing-repair app Sojo is among the startups leading the charge. The London-based company offers clothing repairs and alterations through a food-delivery rider-style model. Users book through an app, and a rider collects the item, which is taken to a seamster and returned within five days. The average consumer in 2016 bought 60% more clothing compared to 2000 but kept each item half as long, according to a McKinsey report that year. At the same time, protecting the environment is a top stated concern for millennials and Gen Zs, more than a quarter of whom say their buying habits have been influenced by a business’s impact on the environment, according to Deloitte.