'Move towards circular economy requires concerted efforts'

06 Jul '20

1 min read

The move towards a circular economy is complex and requires concerted efforts by the government, businesses, consumers and social organisations. A circular economy transcends sectors and requires investments from various strategic stakeholders, according to Naresh Tyagi, chief sustainability officer at Aditya Birla Fashion and Retail Limited.

"The circular economy is a new way of looking at the relationships between markets, customers and natural resources. It leverages innovative new business models and disruptive technologies to transform the linear economic model. The aim of a circular economy is to retain materials, products and components at their highest efficacy and value using processes, resulting in

the end-product by following restorative and regenerative practices," writes Tyagi in an article in the hard bound fifth edition of the Sustainability Compendium - ‘Going Circular’ brought out by Fibre2Fashion.

"Systemic thinking is required to create an economy that generates zero waste and maximises product-use value," Tyagi adds in his article 'Charting a roadmap'.

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Fibre2Fashion News Desk (RKS)

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