Circular economy solutions aim at establishing a sustainable model of production and consumption by optimizing resources and reducing and recovering waste (giving it a second life as a new product). Thus, by adopting these solutions, businesses can extend product lifecycles, reuse waste, and ensure a more sustainable production model.
The construction domain is one of the largest users of energy and is responsible for 38% of emissions globally. Further, it is responsible for 30% of the extraction of natural resources in the world. Hence, to reduce its ecological footprint this industry must shift from a linear to a circular economy. This will not just protect the environment but also benefit the local economy by encouraging sustainable production models.