The Circular Economy: How Circular Practices Could Benefit Your Business

29th November 2021

The global economy has traditionally followed a 'take, make, use, discard' approach to natural resources. As the world shifts towards a circular economy, find out why adopting circular business practices could help you gain a real market advantage. Get guidance on circular business models and find five tips for making your business more circular.

For over 250 years, the global economy has followed a linear 'take, make, use and discard' model in its approach to resources.

A growing number of companies and governments around the world are acknowledging that 'business as usual' is no longer sustainable. Rising demands on natural resources pose an ever-increasing threat not only to economic growth but to environmental and geopolitical stability.

Several factors are driving this change:

Growth in the global population (predicted to reach 9.5 billion by 2050)
A greater demand for goods
More use of materials from at-risk resources
For the world's economies to keep surviving and thriving, resource use must be separated from economic growth.

What is the circular economy model?
The circular economy model provides a viable, scalable and more sustainable alternative. It enables economic development within the Earth's natural resource limits.

It's based on three key principles:

Designing out waste and pollution
Keeping products and materials in use
Regenerating natural systems

To read more and download a guide go HERE