How to assess your Bioeconomy potential
There is a great prospect in assessing the Bioeconomy potential within the Life Science industry. Not only to comply with the UN sustainable development goals 2030, but also, through a holistic approach within the industry, to explore the possibility for transforming “waste” into a profitable business for the company. Furthermore, there is a great potential in reducing fossil-based energy consumption with non-fossil-based and replacing fossil-based raw material with bio-based materials. Many companies, particularly in Scandinavia, has already seen the opportunity for increasing business result, and strengthen their competitive position through circular economy. They are not waiting around. They are way ahead!
The purpose of the Bioeconomy assessment is to map and analyse the entire value stream of the company to identify “waste” and the potential for replace, circulate, upgrade and collaborate (the four pillars). The outcome of the assessment is a report with score of each pillar together with recommendations for how to improve.
The mapping and assessment of Bioeconomy potential can furthermore be utilised to search across the industry in order to benchmark and pair obvious players (collaboration).
Interview with Jeanette Kæseler Mortensen on Strategy and Sustainability.
Klaster Life Science workshop on Bioeconomy October 2019