KUALA LUMPUR (Jan 26): The Malaysia Productivity Corporation (MPC) has urged industries to embark on circular economy (CE) practices as an integrated development concept for long-term economic growth, environmental protection and social inclusiveness.
Its deputy director-general Zahid Ismail said the CE is an economic model which aims to produce goods and services in a sustainable way — by minimising consumption and waste of resources, as well as the production of waste.
“It goes beyond waste management and recycling,” he said in a statement today.
The CE also represents a systematic shift that builds long-term economic resilience, generate new businesses and economic opportunities, and provides environmental and societal benefits.