19 December 2019 – The new members will contribute their vast experience, expertise and knowledge to shaping our strategy for a sector-wide shift and the effective implementation of the 3R solutions.
The 3R Initiative brings together leading companies, industry experts and prominent NGOs in creating a new path to circular business models. We leverage our collective experience, expertise, and innovation to provide solutions for tackling plastic waste globally. Members of the 3RI have committed to jointly develop, test and implement three effective mechanisms to help close the loop for plastic. SYSTEMIQ, Natural Capital Partners, and McKinsey.org are very active in developing and scaling-up circular economy solutions that ensure sustainable environmental and social impact. Their vast project management and acceleration experience will further support 3RI’s efforts to actively engage with plastic waste recovery and recycling projects from different locations and diverse socio-economic contexts.
SYSTEMIQ was created in 2016 to drive achievement of the UN Sustainable Development Goals and the Paris Climate Agreement by transforming markets and business models across three areas: land use, materials and energy. Working with partners across sectors, SYSTEMIQ aims to unlock economic opportunities that benefit business, society and the environment.
About Natural Capital Partners
Natural Capital Partners works with its clients to harness the power of business to create a more sustainable world. With more than 300 clients in 34 countries, including Microsoft, MetLife, PwC, GE Renewable Energy, Logitech and Orsted, the company delivers high-quality solutions for carbon neutrality, renewable energy, water stewardship, building supply chain resilience and protecting biodiversity.
McKinsey.org is an incubator for new solutions to social issues. It works by applying McKinsey’s capabilities and by partnering with leaders from the private-, public- and social-sectors.
About the 3R Initiative
The 3R Initiative is the first global effort designed to reduce the plastic and packaging footprint of consumer goods companies, producers, retailers and others by standardising their efforts and creating tradable instruments that can scale up reductions via a market-based credit scheme. The 3R Initiative works by using a credit scheme to jumpstart the circular economy – incentivising and encouraging corporates to take leadership both within and beyond their value chains to address the plastic waste issue at scale.
Find out more about our work!