Caterpillar Named Finalist for Circular Economy Awards
Caterpillar’s commitment to sustainability is being recognized once again. The company is a finalist for a globally renowned Accenture Award for Circular Economy Multinational, which honors an integrated business approach to sustainability and the circular economic model.
The Circulars recognizes individuals and organizations from commerce and civil society across the globe which that haves made a notable contribution to driving circular economy principles – where growth doesn’t depend on the use of scarce natural resources.
Specifically, Caterpillar was selected for its work in advanced efforts in remanufacturing, utilization of digital technology, customer jobsite optimization, and deployment of alternative energy solutions. As one of six multinational corporations selected as finalists, Caterpillar is vying for the top spot alongside Unilever, Philips, HP, Veolia and Tarkett. The awards will be presented at January’s World Economic Forum Meeting in Davos.
The circular economy is a resource-efficient alternative to the traditional linear economy of ‘take-make-waste.’.A circular economy is a regenerative model, whereby materials and products have more than one useful life. Tackling the paradigm shift of a having a circular economy allows businesses such as Caterpillar to address environmental priorities while continuing to stimulate economic growth and sustainable development, ultimately enabling our customers and users to do more with less.
Last month, Caterpillar accepted the Vision for America award from the Keeping America Beautiful organization. You can read about the sustainability honor and watch a video about Caterpillar’s commitment to sustainability by clicking here.
Click here to learn more about this The Circulars and the finalists. Read all about Caterpillar’s sustainability work by visiting Caterpillar.com/sustainability.
