In a world with finite natural resources, the traditional ‘linear’ business model that relies on a take-make-waste extractive industrial approach is not sustainable in the long term.
As a result, over the last 18 months, Kmart Group has been working to develop a circular economy strategy. This has involved the development and use of advanced life-cycle assessment models to evaluate and prioritise the environmental impacts of all its products over their life-cycle along with customer insights and detailed materials studies using leading global specialists. These activities have confirmed plastic, polyester, cotton, wood, chemical use, water impacts, packaging, greenhouse gas and waste diversion as priorities.
The result is a suite of short- and long-term targets and initiatives that build resilience, generate business and economic opportunities, and provides environmental and societal benefits by using circular economy principles.