Global concerns over resource scarcity, environmental impacts, and economic sustainability have led to a paradigm shift in business models in recent years. The Circular Economy (CE) concept has emerged as a solution to address these challenges. Unlike the traditional linear model of “take-make-use-dispose,” CE focuses on creating circular material, component, and product flows within the economy, aiming to minimise resource inputs, emissions, and waste.
Recognising the significance of this transition, the Monash Circular Economy Roundtable (MCER) has been established within Monash Business School’s Green Lab research infrastructure. Positioned as a key resource for businesses and Local Government Authorities (LGAs), MCER aims to provide support and guidance on CE strategies and practices.
The inaugural meeting of MCER will address various aspects of CE adoption, with a particular focus on learning from the experience of the furniture industry. The agenda includes discussions on approaches to adopting CE practices, the role of LGAs and industry associations, lessons learned by businesses in the furniture industry, necessary leadership capabilities, and the experiences of individual businesses starting their CE journey.
Key members presenting at the meeting include Ms. Patrizia Torelli, CEO of The AFA, who will provide an industry sector overview and insights into the challenges and responses needed for CE adoption. Additionally, representatives from leading Australian Furniture Association member companies such as Jardan Furniture, Koskela, House of Orange, and Workspace Commercial Furniture will share best practice case studies, showcasing their experiences and lessons learned in transitioning to a circular business model.
The meeting aims to facilitate cross-sector learning and collaboration, enabling participants to apply insights from the furniture industry to their respective sectors or companies. By sharing knowledge and experiences, MCER seeks to accelerate the adoption of CE principles and practices, ultimately contributing to the sustainability and resilience of businesses and communities.
As the global community increasingly recognises the urgency of addressing environmental challenges, initiatives like MCER play a crucial role in driving meaningful change. By fostering collaboration, providing resources, and facilitating learning, MCER and similar initiatives pave the way for a more sustainable and prosperous future built on the principles of the Circular Economy.
Would you be interested in learning more? Contact care@theafa.asn.au.