What is the circular economy?
Our current economic model is based on a linear ‘take-make-waste’ approach, which is costly for businesses and bad for the environment. By contrast, a circular economy is efficient and environmentally sustainable. In a circular economy, products, components and materials are kept in use for as long as possible. The principles of a circular economy and circular production models can be instrumental in exploring the opportunities to transform for example what might once have been considered as a waste material into a secondary raw material, an approach that can increase efficiencies and even develop new secondary by-products and market opportunities. Supply and production chains essentially operate in ‘closed-loops’ making them less wasteful and more resilient.
How does the circular economy benefit businesses?
Adopting circular economy principles can help your business:
• Save money, reduce waste and increase resilience
• Boost competitive advantage and brand reputation
• Unlock new business opportunities that also help the environment
This training is suitable for all businesses though is particularly relevant for those from the following sectors: construction and the built environment, food, retail, manufacturing, textiles and fashion, electronics, plastics and packaging.
*MODOS is a joint initiative of Dublin City Council and the Waste Management Plan Lead Authority (WMPLA).