SUMMARY
«The circular revolution in the Construction & Real Estate sector has started. Being the largest consumer of raw materials worldwide, it is high time for the sector to reform. In this publication, we share what we have learned as ABN AMRO, using examples from our circular pavilion in the Zuidas district of Amsterdam (Circl). We show what opportunities and business models there are for entrepreneurs in the construction industry. As doing nothing is no longer an option, we prefer a ‘right to copy’ rather than ‘copyright’. The transition to a circular economy must be accelerated.
The Dutch Government has the ambition to be 50% circular by 2030, and fully circular by 2050. Based on these objectives, we set out the potential market for the five circular business models that we use as a bank, here at ABN AMRO. The current construction industry must bend, slowly but surely, to get all the subsectors on board and close the loop. We see new opportunities for all subsectors in the resulting ‘construction circle’. Existing players will have to find a new position in that circle (suppliers will become service providers, demolition businesses will become suppliers), while new players will help accelerate the transition to a circular economy. These could be startups using 3D printing technology or digitally driven sharing platforms. The transition to a circular economy requires a new mindset from all parties and new forms of far-reaching cooperation. Current practice has proved difficult to change, but the lessons and creative solutions in Circl, and elsewhere, show that it is possible. We can do it together!».
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