This is the slide deck presented at our 1st event of a pressing Series on 'Circular Economy & Waste Management' in Asia.
8 million tonnes of plastic leak into the oceans each year, and more than 80% is from Asia! If we don't act now, there will be more plastic in the oceans than fish by 2050. It is time for individuals, companies and governments to rethink waste, especially in Asia. Today's linear ‘take, make, dispose’ economic model relies on large quantities of cheap, easily accessible materials and energy, and is a model that is reaching its physical limits. Today 80–120 billion USD of plastic materials is lost to the economy every year (plastic which is used just one time and then incinerated, landfilled or leaked into ocean). This is not just a business loss, but one of the biggest environmental challenges of our time.
An attractive and viable alternative that governments and businesses are exploring is the Circular Economy. This session - specifically focusing on plastic - brought insights from global business leaders, to social entrepreneurs and waste pickers who are all beginning to see waste not as trash, but as a resource. In emerging countries, managing waste has even become a solution to uplift people out of poverty. As the issue keeps growing, new regulations (such as Extended Producer Responsibility) have started to come into effect across Asia, making brands & producers responsible for recycling their post-consumer waste. Our speakers shared what it implies for big brands and each of us.