Circular Economy Stakeholder Impact The intensifying global waste crisis poses a significant and unresolved environmental challenge. Beyond contributing to pollution, depletion of natural resources, and adverse effects on ecosystems, inefficient waste management also poses risks to public health and exacerbates the challenges of resource scarcity. Acknowledging the potential contribution to waste generation from our business activities, IRPC has adopted Circular Economy as one of our main sustainability strategies and has proactively fostered collaborations with partners in the public, private, and civil sectors to collectively address, prevent, mitigate, or solve these environmental challenges. This commitment involves applying circular economy principles throughout the value chain to ensure the efficient use of resources, reduce waste generation, and promote recycling and upcycling initiatives. Through the integration of these principles, IRPC aims to create a closed-loop system that not only mitigates environmental impact but also fosters economic growth and social responsibility. Management Approach To fulfill our commitment to circular economy, IRPC has adopted the Eco-Solution model for closed loop management, focusing on the conversion of plastic pellets into everyday items that can be recycled for future use. To ensure a proper and efficient recycling process, the Plastic Waste Platform was introduced to collect plastic waste data from our plants and customers’, facilitating convenient access to data for efficient plastic waste management. This approach helps reduce costs, contribute to efficient use of resources, as well as adding value to plastic waste. To develop innovations to use resources efficiently and turn waste into value. 2030 Goal: Achieve circular economy maturity level 3 according to BS 8001:2017 by 2030. 2030 Goal: Increase waste utilization to more than 95% in 2040. 126 Business-Driven Sustainability IRPC Public Company Limited
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