Background

Southeast Asia has committed to transition to the Circular Economy to support resilient economies, sustainable growth, and resource efficiency, through the 2021 ASEAN Circular Economy Framework. This is complemented by national policy and action plans in ASEAN Member States, including in the Philippines. The country has adopted a Philippine Action Plan for Sustainable Consumption and Production, enacted the Extended Producer Responsibility Act in 2022, and implemented sustainable public procurement initiatives.

Leading businesses and organisations in the Philippines and in the ASEAN region have started to benefit from the adoption of Circular Economy practices in sectors as diverse as hospitality, building materials, agri-food, textiles, and recycling and resource recovery. Businesses stand to gain through new products and markets, and savings on materials, energy and water costs, whilst simultaneously doing good towards environment, labour, human rights, and anti-corruption – the impact areas of the Ten Principles of the United Nations Global Compact. Global Compact Network Philippines (GCNP) provides the platform for participating companies and non-business stakeholders to advance the U.N. Global Compact and its principles at the local level. 

The ASEAN Circular Economy Business Alliance (ACEBA) was launched in July 2024 to further facilitate business leadership and action on Circular Economy, in support of stated Philippine and regional policy objectives. ACEBA engages businesses through advocacy, knowledge and experience sharing, provision of actionable tools and insights, and networking.

GCNP and ACEBA are launching this partnership to further support business leadership and action on Circular Economy in the Philippines, through documentation and promotion of business practices, knowledge sharing, and networking.

Agenda/Program