How circular economy can drive greater sustainability and new business opportunities

The construction industry is one of the world’s largest consumers of energy and raw materials. This is taking its toll on the environment as construction is responsible for around 40% of CO2 emissions and nearly a third of all waste. But shifting from a linear to a circular economy would bring huge ecological improvements. What’s more, innovative new business models will account for an additional global market opportunity of more than US$1 billion by 2025, with a double-digit growth rate.

Learning Outcomes

At the end of this presentation, you should be able to:

• Outline the scale of the construction sector’s contribution to environmental problems, and more specifically to resource depletion, waste and carbon emissions.
• Define the term ‘circular economy’ as it applies to the construction sector.
• Outline the potential benefits of shifting from a traditional linear economic model to a circular economy.
• Quantify the financial benefits of transforming the construction sector in this way.

(Competency Codes: PC 10, PC 31, PC 35)

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