Globally, more natural resources are consumed than what is sustainable for our finite planet. According to the United Nations, the extraction and processing of natural resources are responsible for around half of all global CO2emissions and over 90 per cent of global biodiversity loss. It is evident that we have a shared challenge in decoupling growth in resource use from population and income growth. A transition to a circular economy will enable this.
Accelerating the transition
Widespread adoption of circular business models can accelerate the transition to a circular economy. By addressing product life extension and reuse as well as the recycling of waste, circular business models can reduce resource consumption and minimise waste generation. They allow products to be continuously used, reused, sold as a service, and enable the sharing of underutilised and idle products, rather than incentivising a one-time purchase. Another essential part of accelerating the transition is the invention and production of new materials through circular bio-based business models. A commonality and driving forces are data collection, digital tools, and design of these, ensuring access as well as assuring quality in reuse and recycling.
Going circular with partnerships and collaboration
Public and private collaboration is crucial in converting challenges into opportunities at a national, regional, and global level. More and more Danish businesses are adopting circular business models, because it has proven to be a sound business strategy that facilitates access to new markets, drives innovative solutions, and lowers production costs. Throughout this white paper, specific company examples will be used to exemplify and demonstrate how new innovative business models can benefit the environment, the climate, and the economy.
Find more inspiration for your circular and sustainable future
Hopefully, this white paper will inspire others to accelerate the transition to a circular economy. It features lessons learnt from different Danish stakeholders within circular business models. It is meant to serve as an inspirational tool for creating innovative circular solutions that contribute to a smarter and more sustainable use of our globally shared resources.