By Trading Herald

Donna Marshall, Full Professor at the UCD Michael Smurfit Graduate Business School and Executive Director of the UCD Earth Institute

Managers, companies, and entire industries must embrace the sustainable, biocircular economy as the effects of global warming and the wider climate crisis highlight the need to achieve sustainable development goals. This will help ensure various companies, as well as our planet, will survive and thrive into the future.

A biocircular economy is an economy powered by nature, emphasising the use of biologically-derived, or bio-based, renewable materials which can often go unused during production or are simply discarded. It is focused on minimising waste, sharing resources, and keeping products circulating through resale or reuse.

Examples of this include clothes made of milk that would have gone to waste, biodegradable plastics made from bacteria, leftover soy, or discarded timber, or using waste mushroom and bamboo for various different products.

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This article first appeared on TradingHerald.com on November 7, 2023.