Boston, MA – As companies seek to adopt more sustainable practices, the concept of the circular economy is gaining traction. This approach aims to eliminate waste, promote recycling, and regenerate nature, aligning with principles of resource efficiency and climate change mitigation. ClearBridge, a firm focused on environmental, social, and governance (ESG) factors, recognizes the importance of embracing the circular economy in its investment strategy.

One company that exemplifies the circular economy is TREX, a leader in wood-alternative composite decking. By using 95% recycled materials in their products, TREX reduces waste that would otherwise end up in landfills, showcasing innovative approaches to plastic recycling. Additionally, Eastman Chemical, another ClearBridge holding, is making strides in molecular recycling technologies to address the challenges of plastic waste in the industry.

Moreover, the food industry plays a crucial role in sustainability efforts, with companies like Loblaw committing to making their packaging recyclable or reusable by 2025. By implementing changes in packaging materials and supporting recycling initiatives, Loblaw sets a standard for responsible consumption and waste reduction within the industry.

In the auto aftermarket sector, companies like LKQ are focusing on recycling heavy materials from end-of-life vehicles, contributing to resource efficiency and responsible consumption. Through innovative approaches to salvaging and selling auto parts, LKQ demonstrates how businesses can integrate circular economy principles into their operations.

Overall, the circular economy spans across various sectors, offering opportunities for companies to operate more sustainably and reduce their environmental impact. ClearBridge continues to monitor and engage with companies embracing circular economy practices, highlighting the importance of ESG considerations in driving positive change in the business world.