Goal 2: The Nordic Region is to be a leader within sustainable business models and the circular economy

Co-operation aimed at making the Nordic Region a leader within sustainable business models and circular economies may take the form of measures to improve the opportunities of companies to leverage new tools and technologies that support sustainable business models.

Measures to create stronger Nordic networks for the promotion of innovation and the development of innovative solutions in prioritised areas and positions of strength will be a central part of this co-operation. The possibilities to strengthen Nordic co-operation around the use of different types of data and data sharing must be explored.

The resilience of the Nordic business sector must be bolstered in those areas in which business policy can play a role, and this is to be achieved via targeted co-operation on resources and critical raw materials. Here the focus can be placed on circular measures, resource efficiency and the development of new technologies, including the development of production methods and the reuse of strategic raw materials. Nordic business policy co-operation in the areas of security of supply and critical raw materials must complement national measures and collaborations at the EU level.

Initiatives aimed at attaining this goal can also be targeted towards the development of common tools and guidance to meet the demands for sustainability reporting, as well as automation and data sharing, to facilitate company value generation and increased competitiveness. It may also be relevant here to consider measures that support the ability of companies to comply with new, green requirements from the EU, and to make it a competitive advantage to be a sustainable company.