A company’s effective approach to achieving a circular economy cannot be limited to its direct area of operation, it must also involve its suppliers, for two main reasons:
- A firm’s environmental footprint does not only depend on its own activities, but also on others from which they originate
- The company’s potential impact increases exponentially if it manages to involve its suppliers in its push towards a circular economy.
Thus suppliers are key allies in reaching both of these objectives.
The first step prior to any further initiative – is to track the materials coming in and going out of the business. To support the group’s transition towards a circular economy, Enel’s Global Procurement department is aiming to achieve a detailed understanding of the flows of its materials; their components, their environmental impact and the recyclability of the final products. In Enel's case this is no easy undertaking, given that the company has more than 8,000 suppliers all over the world.
Read more on Enel Global Procurement.