Circular Economy: Companies and consumers face an opportunity for creative collaboration

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Circular Economy: Companies and consumers face an opportunity for creative collaboration

The event organized by FIFCO is the perfect setting to present the challenges and opportunities of the circular economy to a diverse audience.

By Idle Magazine

Companies and consumers worldwide are facing new challenges, the results of which will shape the world of tomorrow.

The impacts of our daily activities put pressure on ecosystems; Both
Companies and consumers are gaining awareness and patterns are evolving
A circular economy that allows for the reduction of associated impacts.

FIFCO, the region’s leading sustainability company, addressed the topic at the “FIFCO Expanding Sustainability” event, where the 2023 Integrated Report was presented to all of the company’s target audiences, 150 in-person attendees and over 400 virtual attendees.

Rolando Carvajal, General Director of FIFCO, said: “Today we present our most relevant results for 2023, as well as the progress of our environmental, social and governance goals for 2027. We reaffirm this opportunity. Our commitment and discipline, inspired by our philosophy of sustainability , invites us to work together, thus making a significant contribution to the Sustainable Development Goals set by the United Nations. Whether as an individual, a private enterprise, an NGO or a public sector organization, we have the opportunity to make a difference for the well-being of humanity together.

Maria Pia Robles, FIFCO’s Director of Corporate Relations, commented: “FIFCO is virtually incorporated.
600 people came in person to almost talk and reflect on us
Actors role in a world that increasingly needs people committed to sustainability
Its three dimensions are: environment, society and governance. Our showcase for showcasing the show
The results of our commitment to sustainability and giving tools to other people
Useful for your daily work. Sustainability is a corporate priority at FIFCO
A commitment to creating value in a dynamic and challenging environment.”

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Along these lines, the event was attended by Juanita Mesa, Senior Manager for Latin America
Consumer Goods Forum, an organization aimed at retailers and manufacturers of consumer goods.
Guarantee consumer confidence in the world’s consumption and make positive changes
Environmental and social sustainability, as well as high efficiency.

Mesa was the keynote speaker at the event and shared interesting information with the attendees
(face-to-face and virtual) related to good practices applicable to multi-stakeholder organizations
Shapes and sizes, global trends and leading success stories in the region.

“The event organized by FIFCO is the perfect setting to present the challenges and opportunities related to the circular economy to a diverse audience. Valuable rules for product design and concrete examples already used in Latin America set trends, in line with new concepts related to sustainability and comprehensive sustainability,” concluded Meza.

During the process, a qualitative self-assessment tool developed by FIFCO was shared free of charge (downloadable at fifco.com/press room) to determine how much circularity applies to companies and/or consumers.

According to information published by the Comptroller General of the Republic, in Costa Rica, 93%
Municipalities collect separately recyclable waste, paper, plastic, glass and
Aluminum does not find a second use and is thrown into common landfills like traditional trash.

In addition, Costa Rica’s Ministry of Health reveals that the country generates about 4,450 tons of normal waste per day (2021 data), equivalent to the weight of 550 wagons, of which 55% is organic. Composted and 35% can be assessed in recycling mechanisms, circular economy and urban mines, the remaining 10% can be treated and disposed of by authorized managers.

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FIFCO and Circular

During the event FIFCO announced that it had achieved its proposed circular target of 2027. The company measures its level of circularity from 2021, with a baseline score of 45% and a target of 60% for 2027.

Thanks to the measures in place, the target was achieved four years earlier. The challenge now is to maintain the implementation of good practices to continuously improve the indicator. The company scored 61% on the Circular Index measure of the Ellen MacArthur Foundation and Granta Design.

“As part of our commitment to provide useful tools to our stakeholders, we implemented a measurement tool to assess the level of circularity of consumers and companies. It is an online tool and available on the FIFCO website,” added Robles.

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