The current dominant model for economic activity all over the world is one of ‘take, make, waste’. Raw materials are extracted for production. But the vast majority of those materials are wasted at the end of the product’s life.
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This approach is polluting our planet and critically depleting our natural resources.
The circular economy is a truly sustainable alternative.
In a circular economy the lifecycle of materials is maximised. The use of those materials is optimised. At the end of a product’s life all its materials are reutilised.
This is achieved by keeping materials circulating in discreet flows. Biological materials that can be safely composted or otherwise returned to the environment circulate in one system. Technical materials like plastics, metals and petrochemical based products circulate in another system.
Where these materials are combined in a single product, it is done in such a way that the product can be easily dissembled to return the materials to the flows.
What the circular economy will mean for your business
- Maximising resource value and eliminating waste
- On-going business security and resilience – particularly around supply chains
- A powerful platform for innovation and growth
- Increasing demand for circular solutions from customers
Sustainable Business Network research shows Auckland could be $8.8 billion better off in 2030 if the city makes the transition to a circular economy.
FIND OUT HOW IN THE FIRST ECONOMIC REPORT OF ITS KIND IN NEW ZEALAND. DOWNLOAD THE REPORT BELOW.
Find out more about the circular economy and SBN’s work in this area.
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