The circular economy is an economic system that is designed to ensure resource optimization, maximize waste prevention and minimize social and environmental costs.

Our current linear economy model of Take-Make-Dispose is very unsustainable and has led to topical issues like climate change, biodiversity loss, pollution, and waste, thus making a transition to a circular economy an imperative for every economic actor.

According to a new Accenture (NYSE: ACN) research, the circular economy could generate $4.5 trillion in additional economic output by 2030. This is a massive opportunity. Training professionals can leverage this opportunity by playing a major role in supporting global businesses' transition to a circular economy through capacity building, facilitating information exchange, and directly adopting a circular business model. Examples of circular business models are resource sharing, leasing, product-service systems, reusing, refurbishing, co-ownership, remanufacturing, and recycling. Training professionals who adopt a circular business model contributes significantly to the attainment of the United Nations 2030 Sustainable Development Goals.

This webinar will highlight the business case for a transition to a circular economy, discuss the types of circular business models, and how training professionals and organizations can adopt them and fully exploit their opportunities.

Photo by Ilyass SEDDOUG on Unsplash