Lexmark becomes a member of the Ellen MacArthur Foundation’s Circular Economy 100, a global platform that brings together innovative businesses to address the issues around the transition to the circular economy model.
The Ellen MacArthur Foundation’s “Circular Economy 100” program was created to support companies as they seek to unlock the commercial opportunities that arise through such factors as designing products for re-use, new or enhanced recovery models and the introduction of new business models that promote greater circularity.
“Lexmark is committed to being a good corporate citizen and our business practices are guided by the principles of resource efficiency and the circular economy,” said Sylvie Thomas, head of Corporate Social Responsibility, Lexmark EMEA. “Working with the Ellen MacArthur Foundation and being part of a group of 100 like-minded businesses that are all seeking to promote the obvious benefits of the circularity will help to maintain and improve our own approach to how we incorporate Circular Economy practices throughout our business”.
Lexmark joins 100 market-leading companies in the program which was founded on the principle that more value can be gained through collaborative working than can be achieved alone.
This prestigious membership recognises Lexmark’s ongoing engagement with the circular economy. Since 1991 Lexmark has provided its customers with easy methods to return their used laser supplies through its Lexmark Cartridge Collection Program (LCCP). Free collection services are available in more than 60 countries, representing more than 90% of Lexmark’s global market.
Thanks to its customers’ returns, Lexmark has been able to dramatically increase the use of post-consumer recycled content in its toner cartridge and to launch the Corporate Cartridge, Lexmark’s greenest line of toner cartridges.
“Research by the Ellen MacArthur Foundation has highlighted a combined annual trillion dollar opportunity globally in net material cost savings for companies making the transition to circular economy,” said Jean-Charles Guinot, Business Program Associate of the EMF “We are really pleased that Lexmark has agreed to join our industry partnership platform and share and explore the application of the Circular Economy approach with other forward-thinking global businesses”.