Circular Economy in the Construction Industry
Circular economy is a key feature in the Danish Government’s accelerating transition into a more sustainable and circular society. The strategic agenda for circular economy enables exceptional framework conditions for sustainable and circular businesses to thrive within.
The European Union’s goal of becoming carbon neutral by 2050, calls for strong circular actions. Greater Copenhagen is an ideal location for innovation, development and execution of circular business, as the ambitious political climate in Copenhagen aims to be carbon neutral already in 2025. This political incentive provides booming circular business opportunities for the building industry, as discarded materials from construction and demolition are immense environmental sinners. As a result, Greater Copenhagen has centralized the focus on circularity within the building sector, in order to respond to the ecological challenges that contemporary society faces.
Tech – the necessity to go circular
To promote the circular transition, the building industry demands a higher volume of digitization and tech solutions. For the construction industry, it is no longer a question of why or when to invest in digital tools and competencies - it is a question of how.
The Danish Government has developed 'The Strategy for Digital Construction', which aims to increase productivity and efficiency in the building industry in the following areas:
1. Better use of digital tools
2. Open formats and common standards
3. Better utilisation of data
4. Digital competencies for the entire value chain
5. Sustainability through digitization
The ambitious regulatory framework for digital construction facilitates great opportunities for tech companies in their role towards circularity within the building industry. Greater Copenhagen is therefore an enabling platform for companies that want to thrive and execute circular business in the heart of circular economic development and demand.