ABN AMRO shares experiences in circular economy procurement

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In September 2017 ABN AMRO opened Circl, its circular economy pavilion. A new-not-so-new pavilion, in fact. Not so new, because many of its building materials were recycled. New because the building wasn't there before.

Circular buildings are a relatively rare phenomenon and our procurement people also had to pioneer new methods. A typical procurement and purchasing process tends to be about quality and cost, but this time solutions were required to be circular. ABN AMRO shares its insights and learnings in a report out today. 


Circularity means the continued use and re-use of resources and commodities for the longest possible time and at the highest possible level. A circular economy helps to address the problem of shrinking stocks of commodities and resource scarcity and to reduce carbon emissions.

The world currently has a total population of around 7.5 billion but this is predicted to grow to 10 billion by 2050. Growing prosperity is rapidly increasing the demand for goods across the world, and current consumption patterns are testing the limits of what our planet can bear. It's imperative that we transition to a circular economy if we are to maintain current levels of prosperity.

ABN AMRO and the circular economy

ABN AMRO wants to be an action leader in the transition towards a more circular economy. The bank is introducing new models of financing to support companies making the step-change towards a circular business model. One way we do this is by sharing knowledge and by connecting to create impact with clients and other interested parties. Today's publication about circular economy purchasing is a case in point, as it shows a way for Dutch companies to leverage the opportunities afforded by the circular economy. 

ABN AMRO's leading role in the transition to a circular economy was recognised when it scooped the award for Circular Economy Investor at The Circulars 2018. This premier circular award programme recognises individuals and organisations across the globe that make notable contributions to the circular economy in the private sector, public sector and society as a whole.

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