Circular Economy | Waste Reduction Week in Canada

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Circular Economy

There is no future for business as usual. Our current economic system, which arguably has succeeded in creating unprecedented economic output, wealth and human welfare over the past 70 years, has led to exacerbated social inequalities and loss of nature at an extent that threatens the stability of our economies and societies – and could maybe even lead to a collapse of civilisation as we know it.

Since February 2017, GreenBiz has been supporting this initiative — bringing together young professionals at each of its in-person events, all-expenses paid. This year is different with the global pandemic pushing events online. But even in the virtual world, the Emerging Leaders program lived on during Circularity 20.

This year, chemicals company BASF sponsored the program; it will be providing mentorship to each of the Emerging Leaders.

Implementing a systematic change can seem daunting, but nearly every significant disruption starts with seemingly minor – but ultimately fundamental – changes to the foundation. While a transformation as seismic as a fully realized commitment to the circular economy may seem impossible on the surface, it can progress far more quickly through a commitment from organizations to make seemingly small but impactful modifications in key areas.

Flat-pack furnishings retailer Ikea said Tuesday that it will offer to buy back thousands of pieces of used Ikea furniture in 27 countries, for resale, recycling or donation to community projects.

"A circular economy can only be achieved through investment and collaboration with customers, other businesses, local communities and governments, so we can eradicate waste and create a cycle of repair, reuse, refurbishment and recycling", said Pia Heidenmark Cook, the group's chief sustainability officer.

Find out how recycled cartons become new products - from paper products to construction boards.

When recycled, food and beverage cartons are sorted and shipped to either a paper mill or a manufacturing company. At a paper mill, cartons are pressed into reusable sheets of paper that go on to make paper towels, tissues, and other paper products. At a manufacturing company, caps and all are shredded and sent through a "panini" press where they are press melted. They become boards used for construction using no chemicals or water making them environmentally friendly!

The circular economy recognizes a combination of business models that expand beyond recycling to underpin resource efficiency through reduction and reuse. Models such as products as service, resource recovery, and sharing platforms focus on expanding product lifespan and maximizing use of material to increase their value at the design stage and at end-of-life.

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Circulytics supports a company’s transition towards the circular economy, regardless of industry, complexity, and size. Going beyond assessing products and material flows, this company-level measuring tool reveals the extent to which a company has achieved circularity across its entire operations. It does this by using the widest set of indicators currently available: enablers and outcomes. Circulytics:

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