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In November 2022, the SCE endorsed a project proposal to establish a APEC Bio-Circular-Green (BCG) Award, co-proposed by Canada; China and Thailand, and co-sponsored by Hong Kong, China; New Zealand; Peru and the United States. The Awardwas launched at the 2022 APEC Ministerial Meeting (AMM) held in Bangkok, Thailand.

The APEC BCG Award recognises distinguished individuals and/or organisations that have concretely implemented BCG economy approaches to advance sustainable and inclusive growth, to serve as examples and inspirations for the wider communities to learn from, replicate and apply in their own settings.

The three Award categories are women, youth and MSMEs, which seek to highlight the unique contributions of each group while underscoring the critical importance of whole-
of-society partnerships and an inclusive approach to implement the BCG economy model. The APEC BCG Award supports and contributes to the implementation of the Bangkok Goals on BCG Economy.