"Consume with Care this World Environment Day", 5 June 2015

How can large corporations change the way we perceive and use natural resources? At Philips, we passionately believe that the old “take, make, dispose” linear economy model should be a thing of the past. The alternative, we believe, is a global transition to the circular economy model; a model which could represent $1tn (£656.8m) in savings by 2025, with the creation of hundreds of thousands of new jobs in the process. Such a transition is realistic and proven. As well as Philips (with pioneering closed material loop products such as the SENSEO Up coffee machine), companies like Lego have embraced the circular model by taking into account recycled product adoption from the starting point of design, and adopting “no end-of-life” eco-design into their standard processes.