Evolving past the the current take-make-waste industrial model, the idea of a circular economy aims to redefine growth, focusing on creating positive benefits for all of society.
The circular economy involves gradually decoupling economic activity from the consumption of finite resources, and designing the concept of ‘waste’ out of the system. The circular model builds economic, natural, and social capital in three ways:
- Design out waste and pollution
- Keep products and materials in use
- Regenerate natural systems
This can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling.
Proponents of the circular economy suggest that a sustainable world does not mean a drop in the quality of life for consumers, and can be achieved without loss of revenue or extra costs for manufacturers. The argument is that circular business models can be as profitable as linear models, allowing us to keep enjoying similar products and services.
WHY IS THIS IMPORTANT FOR SKIPR?
We are always working to become a more sustainable business by working with our suppliers to minimise our negative impact on the environment through effective resource recovery. We truely believe the circular economy is the way of the future, and we want to help Australia achieve more in this area sooner.
WANT TO KNOW MORE?
Please get in touch. We are always interested to speak more about the topics covered in our blogs. If we don’t know the answer, we will point you in the right direction.