In the Circular Economy, everyone wins.
To provide thought leadership, technical expertise and a collaborative platform for the development of pioneering solutions that eliminate waste at all stages of the life cycle of products and accelerate the transition to a Circular Economy.
This Policy Brief is the first in a Smart Prosperity Institute series on the circular economy and Canada. It is an introduction to the circular economy concepts and landscape, written for both government and business audiences. It provides a foundation in the key concepts of the circular economy (section 2), including a look at how these fit with the Clean Growth model that is the focus of present Canadian efforts to shift to
a more environmentally sustainable economy (Box 1, the topic for a future Brief in this series).
At its Annual Meeting in Davos this year, the World Economic Forum hosted over seventy leaders from industry, government, academia and civil society to discuss exactly this problem: how can the circular economy be scaled up?
In March 2018 RCO co-hosted a workshop with Toronto to demonstrate how procurement links with the circular economy and waste reduction through engaging presentations and sector case studies, as well as other opportunities:
- variety of workshop exercises on procurement
- examination of roadmaps that integrate circular economy principles into procurement
- evidence of benefits and learn how to quantify them in economic, social, and environmental terms
- how resource efficiency and circularity can be delivered in practic
Next time you see a loaded garbage truck headed for the landfill, imagine that it’s packed full of your hard-earned cash. In effect, it is. Every year, local governments in Canada spend approximately $3.2 billion managing 34 million tonnes of waste. You pay for it in municipal taxes that could be used for better purposes.
Every business aims to develop a competitive advantage, create value for stakeholders, satisfy customers‘ needs and ensure long-term sustainability. Successful companies tend to do this by adapting their business models to changing market conditions.
Imagine a future where a billion people have been lifted to the economic middle class but where, as a result, we’re awash in food, materials and water shortages, supply-chain interruptions, fewer jobs and lower manufacturing output.
Now is the most exhilarating time to be an innovator.
You might be questioning the health of our organisations, social systems, and business models. With good reason: companies are currently deeply rooted in a linear approach to growth - make, use, dispose.