Redesign products to reduce material inputs. Transition to sustainable products and services. Dematerialization. Companies will innovate business models to reduce material inputs and prioritize a transition to sustainable product and services (Ceres P4.1)
Initiatives and Strategies:
R&D and Capital Investment: Companies will use sustainability as a primary filter through which all R&D and capital investments are made. 50% of the R&D investment will be focused on developing sustainability solutions (Ceres P4.2).
Business Model Innovation: Companies will innovate business models to reduce material inputs and prioritize a transition to sustainable products and services (Ceres P4.1).
Customer Satisfaction: Practices related to customer satisfaction including surveys (GRI Product Responsibility PR5)
Product Impact: Measurement and assessment for improvement. Metrics are established and goals are set. (GRI Product Responsibility PR 1-3)
Extended Producer Responsibility (EPR): Downstream (including end-customer) usage and impacts are considered, and improved or mitigated.