Circular Economy Action Group

TheCircular Economy Action Groupis the business initiative promoted by Forética in Spain whose objective is to lead the transition of companies towards a circular economy model, working around three objectives: to boost ambition, accelerate action and strengthen alliances.

Member companies of the Circular Economy Action Group

Objectives

Driving ambition

By highlighting the commitment of the participating companies and giving visibility to their actions to call other organizations to action.

Accelerate action

Transferring the business case of the transition for companies, the main trends in the field, as well as the tools to move towards a circular economy model.

Strengthening alliances

With public administrations and opinion leaders to contribute to Spain's transition to a circular economy

VIII Edition: 2024-2025

The circularity of water

The purpose of this edition of the Task Force is to address the issue of the circular economy in water management. circular economy in water management. It will explore the barriers as well as the opportunities, seeking to increase water security. water security.

To this end, the main objective of this edition lies into promote the transformation of the Group'sof the Group's member companies. This will be done through the analysis of the current barriers that hinder the progress of the circular economy in Spain, the identification of the most relevant trends in this area and the strengthening of alliances oriented towards a more transformative vision.

Aspects to work on:

To understand how companies can increase the flow of water needed for their processes, and thus obtain the following benefits following benefits:

Reducing supply dependency and risk

Reducing environmental pollution

Decrease the costs associated with water abstraction

Increasing water security

Know the latest latest technologies and best best practices in water efficiency.

Seer potential alliances that that will lead to tangible improvements in water water management of the Group's organizations.

Monitor regulatory regulation and trends in the circular economy in the circular economy in general, and water circularity in particular.

Participate in the working groups of the Global Circularity Protocol.

The planned milestones are as follows:

Launch of a reference publication.

Conducting private meetings and workshops for the Group's companies.

Celebration of the Circular Economy Business Forum 2025.

Visibility of commitment, objectives and good business practices.

Sending of circular trends with the main news on the subject.

Public-private collaboration actions.

Milestones and results
Collaboration and momentum

Forética's Circular Economy Action Group began its activity in 2017 with the aim of leading the transition of companies towards a circular economy model. In each edition, the Group has focused on the most relevant topics to foster that transition:

I Edition (2017-2018): the Group worked on identifying the business case and business opportunities linked to the transition towards a circular economy model.
II Edition (2018-2019): the keys to measuring business circularity were analyzed to measure progress in the transition from a linear model to a circular model.
III Edition (2019-2020): in response to one of the most pressing environmental challenges we face, Group companies worked on how to move towards a new plastics economy.
Edition IV (2020-2021): the Group has worked on moving towards maximum circular ambition as part of the transformation needed for the decade of action.
V Edition (2021-2022): during the V Edition the objective has been to advance in the knowledge of innovation and financing as two of the pillars for circular transformation.
VI Edition (2022-2023): the Group has made progress in the knowledge of circular measurement indicators, through the CTI (Circular Transition Indicators) tool of the WBCSD.
VII Edition (2023-2024): the objective has been to identify barriers to circularity and their possible solutions, in order to promote circular transformations.

Forética is a member of the Circular Economy Advisory Council of the Ministry for Ecological Transition and the Demographic Challenge, which aims to collaborate in the implementation, monitoring, review and development of annual proposals within the framework of the Spanish Circular Economy Strategy.

On the other hand, as representative in Spain of the WBCSD, Forética actively collaborates with this organization on circular economy issues, either at a general level or in specific matters such as the Circular Transition Indicators (CTI) measurement tool.Similarly, Forética participates in the development of the Global Circularity Protocol, which is set to transform the business approach to circularity.