#61 | Innovative ways circular asset management drives sustainability, with Noreen Kam from LUP Global

Today, we’re joined by Noreen Kam from LUP Global to discuss the intricacies of circular asset management and its importance in driving sustainability.

We start by learning how Noreen found a unique opportunity to drive the circular economy within logistics: prolonging the life cycle of assets.

The “disposable mindset”, as well as unhealthy competition with each other, need to stay in the past if we are to build a sustainable future in which everyone thrives.

We’ll further share insights into how companies can manage capital equipment more strategically, collaborations with nonprofits that can raise donations while reducing spare capacity, and the role of original equipment manufacturers in driving a circular lifecycle.

Ready to learn new things? Jump in & enjoy!

What you’ll learn: 

●      Why circular asset management improves companies’ footprints and profitability;

●      How the circular model for assets can work across industries;

●      What further individual and collective changes will drive the circular economy.

Books & other resources mentioned:

Company website: www.lupglobal.com

Community Center website: https://frankston.net

NGO website: https://sharetree.org/

Quotes of the guest:

At LUP Global we look at prolonging the life cycle of assets, instead of having a disposable mindset.

It’s about networking and collaboration because no single company could do this on their own; we’re all part of one planet, of one ecosystem. If we shoot for the stars we may land on the moon.

I don’t believe in competition. We’re part of one planet.

If you look at the planet as one body, if you say we’re competing it’s almost like the right hand is competing against the left hand.

We have got enough abundance for everyone and if we look after everyone and if we have an ecosystem that works synergistically and in harmony with each other there’s more than enough that can be created for all.

One piece of advice: 

You’re interested in sustainability, yet you’re not sure where to start.

Don’t worry – many of us have been there.

You absolutely don’t need to start big. Think of the big picture, yes, but start with whatever is reasonable and relevant at that moment for you. Try to incorporate sustainability principles in your day-to-day actions, whether in your personal life or at work.

There are so many inspiring organizations and top-notch innovations at the moment and every single one of them started with a handful of people thinking they can make a difference.

Start small and build your way up.

Looking at one’s behavior and making adjustments can already impact the next generations.

One individual after another, the whole of society can change.