Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • <asian-news.net

From jewelry to food waste, firms are 'shaking' things up with circular-economy shift

CONVERGE LIVE - Singapore, March 12-13 2025 - Request invitation

From jewelry and clothes to food waste, a growing number of sectors are focusing on operating as part of a "circular economy," aiming to waste less — and reap the financial benefits in the process.

The rising cost of raw materials and a move to reduce carbon emissions could mean working in this way becomes "critical," according to Goldman Sachs, which said the global economy could benefit to the tune of up to $4.5 trillion by 2030.

In simple terms, the circular economy refers to the process of reusing, repairing or recycling products while keeping waste to a minimum. It represents a move away from the linear model of "take-make-waste," according to the Ellen MacArthur Foundation, a charity that researches and promotes the circular economy.

"The circular economy is not about making small, incremental changes to our current system — it's about completely transforming the way the entire system works," said the foundation's Executive Lead Reniera O'Donnell, in an email to CNBC.

"A circular economy follows three principles all driven by design — eliminate waste and pollution; circulate products and materials at their highest value, and regenerate nature," she added.

For example, Chinese company Deartree buys and refurbishes used office furniture and then sells or rents it to companies such as Microsoft, Tencent and Starbucks. Dutch company De Clique, meanwhile, collects food waste such as coffee grounds and sells them to companies who make them into new products.

Even cities are aiming to become "fully circular," with Glasgow pledging to do so by 2045 and Amsterdam by 2050.

Working in this way can mean a shift in mindset. U.S. jewelry company Sonalore says it is

Read more on cnbc.com
DMCA