Productivity Summit announcement welcomed

Veolia ANZ has welcomed the federal government’s announcement of the Productivity Summit, to be held in Canberra in August.

“Now that the government has contained inflation, it is incredibly heartening to see it take the next step to consult with industry and experts to find ways to boost productivity and build a stronger sustainable economy for the future,” said Veolia CEO Dr Richard Kirkman.

Kirkman, who has a PhD in Circular Economy from Imperial College London, said the summit would undoubtedly recognise the crucial role that the waste, water and energy sectors will play in driving current and future productivity as Australia transitions to a circular economy.

“This is not just about the jobs and productive industries of the future; we are already feeling the productivity impacts of the circular economy transition with the move to sustainable services and manufacturing influencing every part of the Australian economy. These sectors where we are strong ― waste, water and energy ― will be the cornerstone of Australia’s future economic prosperity,” Kirkman said.

“Veolia has already recognised the massive potential for productivity growth in Australia and put its money where its mouth is. Our Green Up strategy is focused on Australia as one of the key zones for growth, which will see us invest hundreds of millions of dollars in its sustainable economy over the coming years.”

The waste, water and energy sectors — the lifeblood of the 174-year-old company — will contribute to Australia’s economy through job creation, innovation and the development of new markets, especially for recovered materials.

By turning waste into valuable resources, the sector is already reducing the nation’s reliance on raw materials while creating new revenue streams and business opportunities.

“We’re seeing a fundamental shift in how waste is perceived ― from a burden to a valuable resource. This transformation is driving innovation, creating skilled jobs and opening new markets for recovered materials,” Kirkman said. “The Productivity Summit provides an important platform to highlight how our sector can further contribute to Australia’s economic growth and environmental sustainability.

“With the right policy settings and investment, Australia’s waste, resource recovery, water and energy sectors can significantly boost national productivity while supporting our net-zero ambitions.

“We look forward to contributing to the summit’s discussions on how our industry can help build a more productive, sustainable economy.”

Image credit: iStock.com/PhillipMinnis