Efforts to making the world and its many businesses more sustainable will largely depend on how we use, conserve, and maximize available resources. Here is an article from GreenBiz that illustrates how business and sustainability experts are striving to “go circular,” implementing more reliable processes for sustainable inputs, improving product design, and closing material loops.
In a resource-constrained world, there’s no room for waste. Getting creative with the way we obtain, use and dispose of materials will be key for a successful and sustainable global economy.
Business and sustainability experts across the globe are making a move to “go circular,” implementing better processes for sustainable inputs, improving product design and closing material loops.
This is the basis of the circular economy. It’s also one of the biggest business opportunities of our generation.
The Business and Sustainable Development Commission report, Better Business Better World, indicates that achieving the SDGs could create at least $12 trillion in business value by 2030 and generate up to 380 million jobs. The report highlights the circular economy as being one of five key game-changing business models that are helping to realize the SDGs and the market opportunities that they represent.
The circular economy itself is a $4.5 trillion opportunity, according to Accenture forecasts. Who wouldn’t want to get involved?
Recent research shows that eight materials are responsible for 20 percent of global greenhouse gas emissions, 95 percent of water reuse and 80 percent of land use. Implementing circular economy principles for these materials could help address climate change, water scarcity and land-use issues.
Solutions in food and shelter are the two biggest priorities with the most positive impact potential.
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