Importance of Collaboration on the Circular Economy Journey

Jaguar Land Rover is focusing on the triple bottom line - people, planet, and profit - to ensure responsible and sustainable business practices. They aim to achieve net zero emissions and have 80% of their sales as battery electric vehicles by 2030. To maximize the potential use of batteries, Jaguar Land Rover has partnered with Wikes Engineering to repurpose them for renewable energy storage, helping to address grid demand fluctuations. They prioritize the circular economy principle of use less, use longer, use again, and are exploring third life options for used car batteries. Collaboration is crucial in bringing circular methods into business, as it allows companies to combine their expertise and resources to drive change.