We at Naked Binder were excited to see a shift in how industries are viewing their responsibility to their communities and the future.
This article was in GreenBiz.com, talks about Bayer Corp. doing exactly what we have been doing – creating circular supply chains where the components in one product can eventually be used again in another (also known as cradle to cradle design).
Thirty years ago, a U.S. offshoot of German pharmaceutical giant Bayer was just coming to grips with the environmental ills that can accompany production of industrial materials.
The operator of a 270-acre chemical plant in West Virginia, which came to be known as Bayer MaterialScience, was tasked in 1987 with undertaking corrective action to prevent “unacceptable exposure” to carcinogenic contaminants found in soil and water at the site, accordingEnvironmental Protection Agency reports.
But that was then. In September, a newly-independent version of the $12 billion Bayer materials business called Covestro was launched with a goal of pulling off a re-brand with sustainability at the core of 2,000-plus product offerings in industries including transportation, construction, electronics and textiles.
“This is an industry that has a legacy of damage to the environment,” said Covestro Chief Sustainability Officer Richard Northcote. “It’s a bit like, ‘My name’s Richard, and I’m an alcoholic.’ Until you say that, you’re never going to improve, but we are not the same industry we were 50 years ago.”
The opportunity that Covestro sees in prioritizing sustainability is what many predict will be an upheaval in the materials that serve as the basis of the industrialized economy.
With business risks like climate change and supply chain volatility reinforcing the urgency of using raw materials wisely and curbing emissions in the manufacturing process, the concept of a “circular economy” where component parts are cycled back through supply chains is one approach gaining traction.
We applaud Covestro and Bayer for working toward and prioritizing sustainability in their manufacturing!