Video - Sustainability in Business is about Waste: The Value of a Circular or Closed Loop Economy

This video offers a comprehensive introductory summary of the value of addressing waste in businesses both large and small. The linear consumption based economy is littered with waste. It spends more money on energy than labor. According to the McKinsey Global Institute estimates that the world could save $2.9 trillion every year by the year 2030 if it eliminated waste. Businesses have a powerful incentive to use their resources (raw materials, labour and energy) more efficiently through a circular or closed loop economy. Some of the world's leading corporations have demonstrated that by reducing waste they have increased productivity, saved costs, increased profits, and created jobs. In its simplest essence we need to think of the long term rather than just the short term which defines so many business models today.