It's going to take more than recycling to reduce the world's carbon footprint, Goldman Sachs analysts say. The firm views "inner loop" solutions — which include service-oriented companies that repair, use spare parts, share and refurbish items — as a "critical and deeply underappreciated opportunity" in the transition to developing a circular economy.
mountain Shares of ThredUp have gained more than 19% this month. Companies that either use reusable packing within their own business, or sell it, also play a vital role in encouraging sustainability, according to the report. Retailers like L'Occitane and Aesop sell refill materials to customers in lighter packaging, Tupperware sells reusable packaging and goods, and companies like Loop Industries and RePack provide reusable packaging to other businesses.
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