"The Capital Equipment Coalition (CEC) is a group of nine businesses—including Philips, Cisco, and Dell—which have pledged to apply circular economy principles to preserve and recover value throughout the lifecycle of their products. The coalition meets four times a year on hot topics to enable change such as design, procurement and policies, and to address common challenges and share best practices. In January 2018, every CEC member company committed to a series of bold pledges to close the loop in capital equipment. From 100% circular operations to the adoption of new business models, these public commitments were an essential step by leading multinationals to engage the full sector to join the transition and jump on the shared learning curve. The coalition reports on progress against members' pledges and shared learnings on a yearly basis, and published its first summary of key learnings in January 2019, and a second learning and progress document in January 2020. Members meet quarterly to address shared problems and build the business case for circular projects, including factors such as internal decision-making, key circular value drivers; and how to approach organisational change."