Can my organization follow circular economy principles ?
Absolutely. Driving a business towards being service oriented over providing a product and shedding responsibility after the final purchase will create circular thinking.
FAQs
Which standards/ certifications can certify a business as circular?
CIRCO provides training for organisations to create a complete circular business implementation roadmap. Ellen Macarthur Foundation provides circular economy related resources and training on its website. The Cradle to Cradle Products Innovation Institute founded by William McDonough and Michael Braungart evaluates products for certification through a network of assessment bodies.
What are some examples of circular economy and related businesses?
Regeneration through industrial processes Circular economy strategies for the technosphere; Share (products) & maintain (products) Shaw Industries sell carpet usage as a flooring service, maintain the carpets, and take back the carpets to be refurbished, repaired and re-used. Phillips lighting sells lighting as a service, instead of selling light bulbs which alternately would have increased …
What are some examples of circular economy and related businesses? Read More »
What are the elements of circular economy strategies?
Prioritise regenerative resources. At the design stage, ensure that renewable resources are utilized, in an energy efficient manufacturing or service process. Increase the lifetime of products Resource use can be reduced if less has to be produced. This could be achieved by increasing the durability of a product, and by linking a product at its …
What are the elements of circular economy strategies? Read More »
What are key circular economy strategies?
There are specific strategies for the biosphere and technosphere, to define ‘how to do it”. For the biosphere, regeneration can happen through industrial or natural processes to add the nutrients back to nature. For the Technosphere, the strategies are: Share (products) Maintain (products) Reuse (products) Repair (products) Refurbish (components ) Remanufacture (components ) Upcycle (materials) Recycle (materials) From an economic …
What are the shortcomings of a circular economy?
A circular economy does not have disadvantages. However, there are many barriers towards transitioning to a circular economy from linear economy. A circular transformation needs change to be catalysed at the highest level in all the economies of the world, including how business activities are conducted, and measured. The transformation needs collaborations with multiple parties, …
What are the shortcomings of a circular economy? Read More »
Is circular economy an economic strategy, business strategy or an environmental strategy?
As explained in books such as cradle to cradle, performance economy, waste to wealth and doughnut economics, circular economy is an integrative strategy which has economic, business and environmental perspectives. In the business and economics strategy, circular economy identifies how processes and key performance indicators need to adapt and change in order to ensure reduce, …
What should be prioritised among response to climate change and transition to a circular economy?
Circular economy is a resource management strategy for the planet. CE and climate change are related and need integrated strategy To make transition to a non-renewable energy, resource management becomes crucial “Our linear model is effectively no longer fit for purpose, failing both people and the planet. Circular economy strategies have the potential to be …
Why is circular economy important?
The world has finite resources The concept of limits to growth, refers to the finite nature of the ecosystem to absorb waste and replenish raw material to sustain the economy. The economy is only a part of the larger ecosystem, and the ecosystem is finite, non-growing and in terms of materials, defined in volume or …
What are some good resources to learn about circular economy?
Cradle to Cradle: Remaking the way we make things Compilation of existing reviews & book summary 1. Average rating on Goodreads: 4.11 “Reduce, reuse, recycle,” urge environmentalists; in other words, do more with less in order to minimize damage. But as architect William McDonough and chemist Michael Braungart point out in this provocative, visionary book, …
What are some good resources to learn about circular economy? Read More »
