Leading the transition to a circular economy and creating social good

The retail sector has a critical role to play in leading the transition to a circular economy due to the significant influence retailers have on product design, manufacturing, logistics, consumer behaviour and resource recovery.  Retailers are key to achieving sustainable consumption and production while meeting consumer expectations.

In Australia, the economic opportunity resulting from circular thinking and action has been estimated at around $2 trillion dollars and the Federal Government’s $15 billion National Reconstruction Fund is expected to support the build of onshore capability to remanufacture and keep products and materials here in our own economy for longer, creating more opportunities to support retailers.

By influencing product design, sourcing practices, waste reduction and consumer behaviours, retailers have the power to drive sustainable practices across the entire supply chain and product lifecycle, making a substantial contribution to a more circular and sustainable economy.

Everyone has a role to play in the systems transition and cross-sector collaboration will be key to protecting our environment while building greater resilience into the businesses of tomorrow. As progressive product stewards, retailers who partner with charities such as Good360 Australia to donate excess and unsold goods, also ensure any surplus is turned into social good for helping people in our communities.

The ARA collaborates with members, industry stakeholders, government, academia and NGOs such as charity partner Good360 Australia, to support retailers navigate the move towards circularity and product stewardship. In this session we are joined by guest speakers:

Click below to watch now and learn how retailers who are leading the way are also helping to build greater community resilience and generate social good, reducing both need and waste.