Circular

Decouple consumption and production from natural resource use and innovate to reduce waste and pollution.

To create a circular economy, we need to drive profound changes in how we design, produce and consume products and services; to eliminate the idea of ‘waste’ and recognise that everything has value. Whist industrial development has generated unprecedented levels of planetary growth, the linear ‘take, make, dispose’ economic model relies on large quantities of cheap, easily accessible materials and energy. This contributes to the rapid depletion of natural resources, economic losses and structural waste in the value chains..

A fully circular economy is possible. Achieving it would unlock US$4.5 trillion of additional economic growth, providing businesses with incentives and investments to transform their production process and consumers with access to innovative products and services. This will enable companies and consumers to become key drivers of circular transformation.

The SDGs

SDG 12 (responsible consumption and production) specifically addresses the need to reduce our ecological footprint by changing the way we produce and consume goods. Sustainable consumption and production practices will simultaneously contribute to the achievement of many other SDGs. A more circular economy will have an important impact on the following SDGs:

Other transformations

 

Social

Agriculture and food

Digital

Urban

Decarbonisation
and energy

Financial
system