Director lens on resource risk and the circular economy

How taking a circular approach to the use of resources reduces risk and creates innovative pathways towards a carbon positive future.

author
Institute of Directors
date
3 Apr 2023

Overview

Recording date - 3 April 2023

Nearly 100 billion tonnes of virgin resources are extracted from the earth, manufactured, distributed and sold by businesses and governments to be consumed every year as packaging, beverages, fridges, cars, houses, food on our plates and clothing. Yet, less than 8% of those resources are cycled back into the economy to use again, instead they are mostly returned to the earth as environmental pollution in the form of waste and emissions.  For our food system alone, this take-make-waste linear approach is responsible for 80% of biodiversity loss which threatens our ability to sustain our human population.

For business, this use of virgin, extracted resources, presents many risks such as supply chain shocks, procurement issues, ethical considerations, carbon emission loading, as well as the social license to operate.

In this session Louise Nash (Founder and CEO Circularity) alongside Jane Taylor (Director, Silver Fern Farms), Mikayla Plaw (Executive Director and GM of Sustainability, Profile Group) and John Steiner (General Manager Accelerated Change, Lion) will share how by taking a circular approach to the use of resources, companies can not only reduce their risks but also define innovative pathways towards a carbon positive future.

Join this session to learn how circularity of resources can be measured to gain critical business intelligence in the performance of global and local supply chains, considering material sourcing, circulation of resources, and end of life. Circularity’s aim is to empower decision-making right across the organisation for a wide range of impactful future shifts for procurement, capital investment, partnerships and system and product redesign.

“Business confidence can be built by providing decision makers with a data-driven dashboard of their current and future material usage to enable them to accelerate the adoption of solutions that improve environmental outcomes for their organisation. We are already seeing the success of this approach across a range of clients in manufacturing, packaging, horticulture, building developments and agriculture -and we hope to see many more with the result being validated solution-led transformation that is better for business and the planet”- Louise Nash CEO Circularity.

Speakers

    • Louise Nash, CEO and Founder, Circularity
    • Jane Taylor CFInstD, Director, Silver Fern Farms
    • Mikayla Plaw, Executive Director of Organisational Development & Sustainability, Profile Group
    • John Steiner, General Manager Accelerated Change, Lion

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For more insights about this webcast, view the Better models, better business article.

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