Circular Economy Services

The emergence of a circular economy

With concern about the human impact on the environment already at an all-time high, the current linear economic model, dependent on resource exploitation and usage and disposal of products, is no longer sustainable. In its place, we will see the emergence of a circular economy – a model in which the value of any given product is extracted fully before the product is recycled and reused.

The effect will be to dramatically reduce environmental impact, waste and energy use and improve the overall efficiency of products. This can be adopted across different industries – from service to manufacturing, from public sector to private sector.

Circularity will become non-negotiable in a world where resources are finite and the climate emergency is pressing. In a linear model, the impact of waste caused by business processes and product disposal, including greenhouse gas emissions and waste plastics, grows as the economy grows. The circular economy offers different solutions.

KPMG estimates that by 2047-48, that the benefit of a circular economy in only three industry sectors will amount to a present value of $210 billion in GDP and an additional 17,000 full-time equivalent (FTE) jobs for Australia.

KPMG’s Circular Economy Advisory offers a full suite of services and solutions enabling your organisation to take advantage of this opportunity.