KPMG: $164B Invested in Circular Economy, Unlocking Opportunity for Smarter Capital
  • US$164 billion invested in circular business models since 2018, with an 87% increase from 2021–2023 vs. earlier years.
  • Only 4.7% of capital reaches high-impact circular innovations, despite their potential to eliminate waste at the source.
  • Circular models offer risk-adjusted returns, but scaling requires updated financial frameworks, policy shifts, and standardised metrics.

Global investment in circular economy business models has reached US$164 billion between 2018 and 2023, according to a new Circularity Gap Report (CGR®) Finance released by Circle Economy in collaboration with KPMG International and supported by the International Finance Corporation (IFC).

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