Our “take, make, waste” linear economy is not sustainable. From design and sourcing to manufacturing, sales, logistics and disposal, it’s driving climate change, nature loss and inequality. At a business level, it means more risk, higher cost and wasted value.
11bn tonnes of material resources used every year
<9% of those 100bn tonnes recycled/reused
We need a different approach. The circular economy introduces a new paradigm –“take, make, take, make” – empowering companies to eliminate waste, circulate and regenerate by shifting from consumption to re-use models.
The circular economy demands an evolution in how businesses operate. Powerful regulatory and stakeholder pressures are driving the need for change:
- Shifting policy landscape, with new fees, packaging taxes, bans, and quotas being introduced all the time
- Competitors defining circular strategies and setting ambitious targets
- Employees, consumers and citizens demanding change
- Investors applying stricter sustainability targets.