Key Takeaways
- NYC Circular City Initiative could create over 11,000 jobs by 2030.
- Circular practices are projected to deliver $11 billion in economic benefits.
- Aloqia connects pieces of the supply chain for more collaboration among city agencies, businesses, and civil society to drive change.
In Summary
The New York Circular City Initiative was founded by Aloqia (formerly Queen of Raw), H&M, Unilever, Cisco, Goldman Sachs, HSBC, and the Ellen MacArthur Foundation, among others. It envisions a future where waste transforms into a valuable resource, driving environmental and economic gains. The initiative aims to make New York City a global leader in circular practices, promising over 11,000 new jobs by 2030 and delivering an estimated $11 billion in economic benefits. Circular strategies include recycling, reuse, and innovative remanufacturing, all designed to minimize waste and maximize job creation across sectors.
Aloqia plays a pivotal role in this vision. Its Resale Feature connects suppliers with buyers for excess materials that would otherwise end up in landfills or be incinerated. This model has already made a significant impact, with an estimated billions of gallons of water saved and millions of pounds of chemicals kept from polluting our environment. Collaboration is key to this initiative, uniting city agencies, businesses, and civil society to tackle waste, climate change, and economic inequality. Through circular procurement and community engagement, New York is on the path to becoming a greener, more equitable city.
Read the full NYC Circularity Report (we’re on page 28).