Empowering Universities for a Circular Future: Insights from the Times Higher Education Innovation & Impact Summit

At the recent Times Higher Education (THE) Innovation & Impact Summit event titled "Beyond Borders: Empowering Innovation on a Global Scale," held in partnership with Shiv Nadar University, experts gathered to discuss the pivotal role of universities in driving sustainability and circularity. The event's panel discussion, "Closing the Loop: Creating a Regenerative Business Model in the Circular Economy," highlighted innovative strategies for universities to lead the way toward a more sustainable future.

Key Insights from Prof. Aidan M. Wong

Prof. Aidan M. Wong, Urban Fellow (Urban Life) at the SMU Urban Institute, Singapore Management University (SMU), shared valuable insights on how universities can adopt circular business models to foster sustainability. He discussed the following key takeaways:

1. Adopting Circular Business Models for Resource Efficiency and Waste Reduction
   Universities have a significant opportunity to optimize resource use, improve energy efficiency, and reduce waste by implementing circular business models. These models not only support sustainability goals but also position universities as "living labs," where circular economy principles can be tested, refined, and put into practice.
2. Overcoming Resistance and Cultivating a Culture of Sustainability
   One of the biggest challenges institutions face is overcoming resistance to change. Prof. Wong emphasized the importance of creating a culture of sustainability by integrating sustainability principles throughout university operations and actively involving students, faculty, and staff. He cited initiatives like the SMU Verts Environmental Club, which organizes campaigns, workshops, and recycling drives to engage the campus community.
3. Navigating Challenges in Transitioning to a Circular Business Model
   Transitioning to a circular business model is not without its obstacles. Financial constraints, resistance to change, and a lack of collaboration can pose significant barriers. However, Prof. Wong stressed the importance of strong leadership, clear communication, and fostering partnerships between academic institutions, government bodies, and industry leaders to effectively navigate these challenges.
4. Integrating Circular Economy Principles into Education and Research
   Universities can play a critical role in preparing the next generation of leaders by embedding circular economy principles across various disciplines. This equips students with the necessary knowledge and skills to address pressing global sustainability challenges, accelerating the global shift towards a circular economy.

SMU's Commitment to Sustainability

In line with these discussions, SMU has launched several initiatives, including the "Online Circular Store." This digital platform enables departments across the university to donate used items—such as furniture, equipment, and other materials—so they can be reused by the broader campus community, further supporting sustainability efforts.

The Role of Universities in Leading Sustainability

As the conversation around circularity in higher education continues to gain momentum, institutions like SMU are proving to be key drivers of change. Prof. Wong’s contributions to the panel underscore the importance of universities not only in educating future leaders but also in pioneering sustainable practices that can drive broader societal transformation.

At the SMU Urban Institute, we remain committed to supporting leaders like Prof. Aidan Wong and advancing sustainability initiatives at #SGSMU, ensuring that universities continue to lead the charge in shaping a greener, more sustainable future for all.