From jewelry to food waste, the company focuses on the circular economy | Real Time Headlines

From jewelry and clothes to food waste, more and more departments focus on part of the operation as a “circular economy”, aiming to reduce waste-and obtain economic benefits in the process.

Goldman Sachs (Goldman Sachs) said By 2030 $ 4.5 trillionEssence

In short, the circular economy refers to the process of reusing, repairing or recycling products, while minimizing the waste. according to Allen MacArthur FoundationThis is a charity that researchs and promote the circular economy.

Renera O’Donnell, the executive of the foundation, said in the email of CNBC: “The circular economy is not to make a small increase in our current system, but to completely change the operation of the entire system.”

She added: “The three principles of the circular economy follow the design-eliminate waste and pollution; the product and material cycle with its highest value, and regenerate the nature.”

For example, Chinese company Deartree purchased and refurbished office furniture used, and then sold or rent it to Microsoft, Tencent and Starbucks. At the same time, the Dutch company De Clique collected food waste such as coffee residue and sold it to companies that made them into new products.

Even the goal of the city is with Glasgow Promise to do this before 2045 Amsterdam By 2050.

Working in this way may mean a change in the way of thinking. American jewelry company Sonolol said It “shakes” the industry by operating unusual business models: it will buy parts from customers no longer want customers, and guarantee to pay market prices for GOLD, deducting 15 % of costs.

For the company’s co-founder and CEO NIDHI Singhvi, this model is most suitable for high-value products-think about luxury watches or cars. She told CNBC via email: “The successful business model in the circular economy depends on the three components: valuable basic assets, transparent pricing or (A) demand and supply setting fair price and effective mechanism for resale. “

Singgovi, who lives in California, said that the young people there were “very concerned about sustainability.” She said: “They dig more deeply about the issue of procurement and supply chain, and weigh the environmental impact of purchasing goods.”

Sing Gei said that considering this, the prosperity of the millennial generation is not as good as parents, so considering the value of clothes and accessories, it is more like investors when shopping. Indeed, by 2028, the second -hand clothing market will reach 350 billion US dollars worldwide, higher than $ 264 billion this year, which will increase three times in general According to the report of the fashion resale websiteEssence

Headquartered manufacturer of Singapore SMCThis has enabled industrial equipment to focus on products that reduce emissions and raw materials. This is the list of Goldman Sachs’s “high -quality” cycle economy company. The list is also a Chinese company AssociationAlthough its “maximum scoring total circular promoter” includes American companies Waste management And French company VioiaEssence

“Goldman Sachs analyst said:” The circular economy is critical to solve the loss of the low -carbon economy and biodiversity, which is increasingly recognized by investors, companies and politicians. “

In fact, some of the EU regulations require that the cycle is included in product design. The EU has Action plan For plastic, textiles and food waste.

According to the United Nations Environmental Plan in 2024, food waste is “market failure” and “environmental failure”. Food garbage index reportWaste 1 billion meals worldwide every day. At the same time, according to the United Nations report, more than 700 million people are affected by hunger every day.

The re -designing challenge of the Ellen MacAnthur Foundation is designed to solve this problem. The group will announce the food details formulated in accordance with the principle of circular economy and consider products with biodiversity and water consumption.

O’Donnell said: “At present, the design method of our food means that we are curved naturally to produce food, but we can make different design decisions for food that can be designed for nature.”

This topic has been close to the heart of grain safety expert Matthew Tan for 20 years. “If you see what the poor earth has experienced, well, in the past 100 years, you will agree with my opinion. If we do not start studying the cyclicity of the economy and our agricultural way, then we won’t see it. It’s really bright, “Tan told CNBC through a video call.

Tan (TAN) participated in several agricultural technology companies based on Singapore, which aims to sustainly produce food, including Kosmodehealth. The company extracts protein from Damai Grain to make noodles.

In Singapore, the government is expanding its requirements for sustainable disclosure. Singapore Stock Exchange Requirement Finance, agriculture and energy industries have reported its climate policy and the goals of 2024. This year, it also includes the construction and transportation department.

Fan said that investors are asking more questions about climate disclosure, and added that he expects the currency market to make a difference in sustainability.

Fan said: “The value of bonds, especially the value related to sustainable bonds, will become the front stage. It will become more and more important.”

Singhvi for jewelry entrepreneurs can apply circulating models to multiple industries. She said: “This is an excitement for me to be the founder: we already know that these models are effective. The real challenges and opportunities are to bring this idea to the traditional opaque industry through technology and transparency.”