The transition to a circular economy presents opportunities for growth and competitive advantage in a resource constrained world. In a new report, Resilience in the Round, the Aldersgate Group (AG) sets out challenges, opportunities, enablers, barriers and timescales, as well as outlining next steps that the AG will develop with stakeholders.
The AG has collaborated with the Big Picture on a multimedia platform to introduce the circular economy.
The Aldersgate Group has welcomed plans by the Government to ensure that London Stock Exchange companies will be required to disclose their greenhouse gas emissions in their annual reports. This follows a four year campaign from the Aldersgate Group which drafted the original amendments to the Climate Change Act and wrote to Nick Clegg last month to demand an urgent decision before the Rio+20 Earth Summit.
Andrew Raingold, Executive Director for the Aldersgate Group, said: "Our members strongly welcome the introduction of mandatory carbon reporting following extensive input into the process. This is an area where corporate executives have been demanding more regulation from government to provide greater clarity and transparency. This announcement should pave the way to extend the requirements to all large companies in due course and demonstrates genuine UK leadership on reporting at the Rio+20 Earth Summit."
Speaking at the Westminster Energy, Environment and Transport Forum, Andrew Raingold, Executive Director of the Aldersgate Group, said that the Green Investment Bank (GIB) must strengthen the measures for the green mandate in legislation. He noted that "investment in fossil fuel infrastructure that was more efficient than industry standards would meet the current requirements for green purposes" and it should be strengthened with reference to the Climate Change Act and explicitly ruling out dirty technologies. The Aldersgate Group is also calling for the Enterprise and Regulatory Reform Bill to include an amendment on borrowing to provide greater certainty to investors and this was raised a number of times during the Second Reading in Parliament last week.
Andrew Raingold, Executive Director from the Aldersgate Group, contributed to a Guardian podcast on what tangible measures the Rio+20 conference can hope to produce. He cites the huge transformation in business attitudes and opportunities since the last Rio Earth Summit twenty years ago and the need for robust regulatory frameworks to stimulate green growth and a resource revolution.
To listen to the podcast, click here.