Closing the Loop: Rethinking Global Resource Management
Imagine an era where today’s waste is tomorrow’s resources. In such a world, there would be a reduced dependency on the earth’s raw materials, reducing environmental degradation caused by resource extraction; and an influx of green industries and businesses, forming a virtuous cycle that fosters sustainability and prosperity in a world of finite resources.
To transition to this Era and unlock these benefits, there is a need to address many of today’s fundamental challenges and push for a change in our perspective and consumption patterns.
In preceding decades, the traditional linear business model and consumption patterns (‘take-make-dispose’) relied heavily on the availability of raw materials. Within the past decade, challenges in the demand and supply of these resources have been on the rise, due to increasing demand from the world’s growing population.
The Circular Economy is a restorative framework, by intention and design, that challenges the current status quo, and guides us as we re-think and redesign our future economic systems, production and consumption patterns.
At the start of a product’s lifecycle, both the design and production process have an impact on how the resources can be recovered, and by extension, how much waste is generated. Now, more than ever, it is important that manufacturers and consumers consider the products’ lifecycles, and their roles and responsibilities towards recycling manufactured goods, due to the negative impacts of waste generation and dwindling natural resources.
In actively considering a product’s lifecycle, manufacturers and consumers positively impact the sustainability of the supply chain of raw materials by reintroducing materials processed from recovered waste into the production supply chain as a valuable resource.
The closed-loop system places focus on making products more durable at the production phase; reduces the global dependency on raw materials; provides a sustainable supply of feedstock for consumer goods manufacturing; and promotes a Circular Economy by shifting mindsets from a ‘cradle-to-grave’ approach to a ‘cradle-to-cradle’ approach.
Visionscape Group operates a closed-loop system, doing business responsibly within a sustainable circular business model, committed to reducing our carbon footprint by recycling and reusing 90% of the materials we manufacture and the waste we collect, by the year 2025.
This paradigm shift in our strategy allows us to integrate the model into our companies’ processes, administration, research and development (R&D), innovation, outreach and engagement. We are aggressively pushing recycling initiatives and efforts across our operations and making significant global investments in assets and infrastructure that recover and convert materials into recovered resources, from polymer manufacturing to waste-to-energy projects. This closed-loop system identifies opportunities within our operations that maximise our use of waste as an input for manufacturing new products.