The rise of the corporate circular economy professional | Greenbiz - GreenBiz | Canada News Media
Connect with us

Economy

The rise of the corporate circular economy professional | Greenbiz – GreenBiz

Published

 on


“Circular economy” was the fastest rising skill among all LinkedIn users in 2019, according to GreenBiz’s State of the Profession Report. Although the circular economy’s momentum is undeniable, frankly, this finding still floors me. While nearly all jobs could “go circular” by embracing this strategic lens and adopting its principles, a new class is emerging of specific positions designed to accelerate this transition. 

To better understand these roles, I asked five corporate circular economy professionals — working at big companies and with the specific words “circular economy” or “circularity” in their title — about the scope and skills needed for their work, as well as advice they would offer to anyone looking to get into the field. 

What do you actually do?

A primary function is to set strategy. As lead for circular economy at Google, Mike Werner said he is “responsible for the development of our company-wide circular economy strategy and achieving our mission to maximize the reuse of finite resources across our operations, products and supply chains, and enable others to do the same through the use of our technology.” At European e-commerce company Zalando, head of circularity Laura Coppen told me that she “leads the circularity strategy and [is] responsible for driving our product, service and business model goals.” 

Everyone focuses on internal alignment. Katie Schindall, director of circular economy at Cisco, “leads the enterprise-wide circular economy program… [which] involves a lot of engagement across the company to set and implement strategy, measure and report on impact, and support teams driving initiatives and projects across the business.” 

Coppen described this as functioning like a “spider in the web between internal and external stakeholders. … We bring our strategy to life through co-creating with internal and external stakeholders and ensuring that circularity can happen at scale in the long term.” 

Specific internal partners vary widely. According to Patrick Ford, director of circular economy at Legrand, “My team and I work with our engineering, product management, operations, and sourcing teams to build circular economy and sustainability principles into our core business activities.” At Cisco, Schindall’s work “includes operations, product design and lifecycle management, and the application of technology to help our customers reach their own circular economy goals.” And at Google, Werner told me, “I have the joy and pleasure to work across our entire business, including consumer hardware, real estate and workplaces, corporate IT, data centers, cloud and several of our billion-user products, and even in direct engagement with our customers and external partners.” 

What is the most important skill it takes to do your job?

Having the right mindset is crucial. For Lindsey Kauffman, leader of circular economy at Owens Corning, “It’s important to be comfortable working creatively through relatively uncharted waters.” Having started her role just three months ago, Kauffman is embracing the ambiguity. “The circular economy is a new focus for many corporations and there’s no instruction book on how to solve circular economy challenges, so you need to be okay thinking past the usual and moving forward without having all the answers.” For Ford, “Systems thinking is key to driving circular economy objectives within an organization.” 

Each emphasized the importance of bold leadership. “Leadership and people skills are the most important, especially when operating at a global scale like Google,” Werner said. Legrand’s Coppen echoed this sentiment: “Circularity needs leadership. Setting the direction and being bold with decision making to make circularity come to life.”

For many, this comes down to people skills. At Google, that means thinking strategically about the most effective tools of engagement. “I believe it’s critical to learn how to use the power of narrative storytelling to bring people along on the journey and develop your ability to toggle back and forth between left-brain analytical and right-brain creative thinking and problem solving,” Werner said. 

At Cisco, Schindall uses the same tailored approach to engagement and communication. “It’s the ability to take a lot of complexity and pull it together into something that makes a compelling case, to the right people, for what needs to be done and how it will bring value to the business and support their specific goals.”

What is one piece of advice you would offer a young professional looking to get into the circular economy?

First and foremost, there’s no one way. “There’s no single background or set of skills needed to work in the circular economy,” Schindall told me. “My team has people who have all kinds of backgrounds and expertise, from engineering to supply chain to strategy and business case development to greenhouse gas emissions and life-cycle assessment.” 

This sentiment held true for each of these circular economy professionals. Ford recommends that early-career professionals “look for opportunities to incorporate circular strategies into the ways that you and your team execute on your strategic priorities. Remember that the circular economy is not just for sustainability professionals.” Kauffman underscored the nonlinear path to becoming a circular economy professional. “Be flexible while keeping your end goal in sight. Like solving circular economy challenges, there is no set path to a career in circular economy. It’s a big topic and there are a million ways to approach it.”

And of course, start somewhere. “We need all hands on deck to enable the transition to a circular economy,” Coppen said. “Circularity is the future and will offer a lot of opportunity in the professional world. There are a lot of challenges that need to be solved and who could better contribute to this than the younger generation who knows how people want to shop nowadays?” 

There are a lot of parallels to sustainability professionals. In many ways, what it takes to excel in a circular economy job is similar to what’s needed in sustainability roles: connecting dots and working as an internal cheerleader, course-corrector and champion. As the circular economy evolves from an idea to a set of strategies and into specific roles, there is a lot to be learned from the path of sustainability professionals, and much to be accomplished working beside them to meaningfully impact the course of your organization. 

Werner captured the sentiment well: “As a circular economy and sustainability professional, you are, by definition, an innovator. You are asking a company to go a different direction, expand their values set or to operate their business differently.”

Regardless whether your role has the words “circular economy” in the title or description, I do hope that eventually, it becomes everyone’s responsibility. 

Let’s block ads! (Why?)



Source link

Continue Reading

Economy

B.C.’s debt and deficit forecast to rise as the provincial election nears

Published

 on

 

VICTORIA – British Columbia is forecasting a record budget deficit and a rising debt of almost $129 billion less than two weeks before the start of a provincial election campaign where economic stability and future progress are expected to be major issues.

Finance Minister Katrine Conroy, who has announced her retirement and will not seek re-election in the Oct. 19 vote, said Tuesday her final budget update as minister predicts a deficit of $8.9 billion, up $1.1 billion from a forecast she made earlier this year.

Conroy said she acknowledges “challenges” facing B.C., including three consecutive deficit budgets, but expected improved economic growth where the province will start to “turn a corner.”

The $8.9 billion deficit forecast for 2024-2025 is followed by annual deficit projections of $6.7 billion and $6.1 billion in 2026-2027, Conroy said at a news conference outlining the government’s first quarterly financial update.

Conroy said lower corporate income tax and natural resource revenues and the increased cost of fighting wildfires have had some of the largest impacts on the budget.

“I want to acknowledge the economic uncertainties,” she said. “While global inflation is showing signs of easing and we’ve seen cuts to the Bank of Canada interest rates, we know that the challenges are not over.”

Conroy said wildfire response costs are expected to total $886 million this year, more than $650 million higher than originally forecast.

Corporate income tax revenue is forecast to be $638 million lower as a result of federal government updates and natural resource revenues are down $299 million due to lower prices for natural gas, lumber and electricity, she said.

Debt-servicing costs are also forecast to be $344 million higher due to the larger debt balance, the current interest rate and accelerated borrowing to ensure services and capital projects are maintained through the province’s election period, said Conroy.

B.C.’s economic growth is expected to strengthen over the next three years, but the timing of a return to a balanced budget will fall to another minister, said Conroy, who was addressing what likely would be her last news conference as Minister of Finance.

The election is expected to be called on Sept. 21, with the vote set for Oct. 19.

“While we are a strong province, people are facing challenges,” she said. “We have never shied away from taking those challenges head on, because we want to keep British Columbians secure and help them build good lives now and for the long term. With the investments we’re making and the actions we’re taking to support people and build a stronger economy, we’ve started to turn a corner.”

Premier David Eby said before the fiscal forecast was released Tuesday that the New Democrat government remains committed to providing services and supports for people in British Columbia and cuts are not on his agenda.

Eby said people have been hurt by high interest costs and the province is facing budget pressures connected to low resource prices, high wildfire costs and struggling global economies.

The premier said that now is not the time to reduce supports and services for people.

Last month’s year-end report for the 2023-2024 budget saw the province post a budget deficit of $5.035 billion, down from the previous forecast of $5.9 billion.

Eby said he expects government financial priorities to become a major issue during the upcoming election, with the NDP pledging to continue to fund services and the B.C. Conservatives looking to make cuts.

This report by The Canadian Press was first published Sept. 10, 2024.

Note to readers: This is a corrected story. A previous version said the debt would be going up to more than $129 billion. In fact, it will be almost $129 billion.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

Mark Carney mum on carbon-tax advice, future in politics at Liberal retreat

Published

 on

 

NANAIMO, B.C. – Former Bank of Canada governor Mark Carney says he’ll be advising the Liberal party to flip some the challenges posed by an increasingly divided and dangerous world into an economic opportunity for Canada.

But he won’t say what his specific advice will be on economic issues that are politically divisive in Canada, like the carbon tax.

He presented his vision for the Liberals’ economic policy at the party’s caucus retreat in Nanaimo, B.C. today, after he agreed to help the party prepare for the next election as chair of a Liberal task force on economic growth.

Carney has been touted as a possible leadership contender to replace Justin Trudeau, who has said he has tried to coax Carney into politics for years.

Carney says if the prime minister asks him to do something he will do it to the best of his ability, but won’t elaborate on whether the new adviser role could lead to him adding his name to a ballot in the next election.

Finance Minister Chrystia Freeland says she has been taking advice from Carney for years, and that his new position won’t infringe on her role.

This report by The Canadian Press was first published Sept. 10, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

Nova Scotia bill would kick-start offshore wind industry without approval from Ottawa

Published

 on

 

HALIFAX – The Nova Scotia government has introduced a bill that would kick-start the province’s offshore wind industry without federal approval.

Natural Resources Minister Tory Rushton says amendments within a new omnibus bill introduced today will help ensure Nova Scotia meets its goal of launching a first call for offshore wind bids next year.

The province wants to offer project licences by 2030 to develop a total of five gigawatts of power from offshore wind.

Rushton says normally the province would wait for the federal government to adopt legislation establishing a wind industry off Canada’s East Coast, but that process has been “progressing slowly.”

Federal legislation that would enable the development of offshore wind farms in Nova Scotia and Newfoundland and Labrador has passed through the first and second reading in the Senate, and is currently under consideration in committee.

Rushton says the Nova Scotia bill mirrors the federal legislation and would prevent the province’s offshore wind industry from being held up in Ottawa.

This report by The Canadian Press was first published Sept. 10, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version