CIRCLE ECONOMYWe are a global impact organisation withan international team of passionate expertsbased in Amsterdam.We empower businesses, cities and nations withpractical and scalable solutions to put the circulareconomy into action. Our vision is an economic systemthat ensures the planet and all people can thrive.To avoid climate breakdown, our goal is todouble global circularity by 2032.In collaboration with:Deloitte provides industry-leading auditand assurance, tax and legal, consulting,financial advisory, and risk advisory servicesto nearly 90% of the Fortune Global 500and thousands of private companies.Our professionals deliver measurable andlasting results that help reinforce public trust incapital markets, enable clients to transform and thrive,and lead the way toward a stronger economy, a moreequitable society and a sustainable world.Building on its 175-plus year history, Deloitte spansmore than 150 countries and territories. Learn howDeloitte’s more than 450,000 people worldwide makean impact that matters at www.deloitte.com. ® B E H I N D T H E COV E RThe image on the cover—depicting the New York City marathon—represents the need to start running: we must urgentlyprogress towards our goals at the speed and scope necessary toprevent ecological breakdown. But doing so will require radicalcollaboration—the building of bridges—between political, financialand social actors, and strong support from change-makers aroundthe world. This report aims to propel us forward in this journey:from theory to action. SMAIL ALHILALIChief Division of CircularEconomy and ChemicalsManagement at UNIDONAUREEN CHOWDHURYHead of Labour RightsProgramme at LaudesFoundationIN SUPPORT OF THECIRCULARITY GAP REPORTRACHNA ARORAProgramme Manager CircularEconomy Solutions at GIZ India ‘TheCircularity Gap Report 2024makes an urgentcall to move from speech to action. Today, morethan ever, the Peruvian government makesthe circular economy real by financing circularbusinesses, working with local actors, promotingthe regeneration of ecosystems, and making clearproposals in international negotiations on plastics,climate change, biodiversity conservation andAmazonian development. Our ambition is alignedwith that of this report: to recover the harmoniousrelationship with our Mother Earth.’‘As we put fossil fuels in our rear view mirror, wemust also tackle the linear throughput economy ofmaterial waste and undermanaged pollution thatthey signify. The latestCircularity Gap Reportofferspractical solutions for how we can close the loopon material management and operate a vibrantglobal economy within planetary boundaries. Thetime to pursue the necessary policy and marketsolutions is now.’‘This year’sCircularity Gap Reportcalls for action tomake circularity a global reality. WWF urgesShiftcountry leaders to listen to the call to radicallyreduce material consumption by creating anambitious policy roadmap. A circular economy is theprerequisite to operate within planetary boundaries,thus we must also integrate circular approaches intoclimate action and financial system transformation.’‘In the past five years, circularity has moved intothe mainstream but the declining Circularity Metricshows us another story. It is clear that we need todo more and dig deeper to bring about systemschange. I am inspired to see theCircularity Gap Report2024call out the hard truths: we need to fix oureconomics, our policies and unleash a wave of skilledpeople in order to truly scale the circular economy.’ MRS . ALBINA RUIZMinister of the Environmentof PeruJON CREYTSCEO at the Rocky MountainInstituteHEIKE VESPERChief Executive,Transformation Politics &Markets at WWF GermanyAT TE JÄ ÄSKELÄINENPresident at SITRA ‘Collectively, we have no other choice thanadopting circularity to achieve broad-based welfareand decent jobs through sustainable industrialdevelopment, while addressing the triple planetarycrisis caused by business as usual. This year’sCircularity Gap Reportgets to the heart of the matter:how to make a just transition happen.’‘TheCircularity Gap Report 2024makes animportant step in building the connectionbetween circular economy and the just transition.The report provides critical examples that canhelp ensure that transitions across industriesare just and people centred.’‘The transition towards a circular economy canonly be just if it strengthens the perspectives andvoices of society as a whole. Implementing circularbusiness models requires concerted collaborativepartnerships for innovative solutions and alternatefinancing measures within theBuild, GrowandShiftcountries. For the past seven years, theCircularityGap Reportconfronts nations to take stock andimplement locally-driven solutions to acceleratethe transition.’ CARLOS ISA AC PEREZVice Minister of StrategicManagement of the Ministryof Environment and Energy ofCosta RicaJENNIFER STEINMANNGlobal Sustainability andClimate Practice Leader atDeloitteIN SUPPORT OF THECIRCULARITY GAP REPORTSR. WALTER VERRIUnd