The joint efforts of countries and regions around the world to deal with climate change will fundamentally change the economic development model and the global social model. The transition to a low-carbon economy will bring more opportunities to enterprises. By promoting green innovation, reducing costs and improving energy efficiency, enterprises will gain new advantages and more benefits. The concept of sustainable development, for the long-term success of an enterprise, will not only help to establish a positive reputation with stakeholders, promote customers' willingness to buy and attract outstanding people to join, but also establish the core competitiveness of the enterprise by developing new eco-friendly products and optimizing the utilization efficiency of product life cycle.

I admit that I don't understand the resource efficiency of the product cycle. There is no reference in the translation of this sentence.