Article / Report

Contribution to social parity, or impact on social disparity

Equality

Direct and indirect reduction in economic costs

Cost Savings

Direct and indirect effects that increase revenues or the potential for new revenues, for example from new products, customer segments, partnerships or business models

Revenue Potential

Scalability

Reduced green house gas emissions released into the biosphere

Reduce Emissions (SDG13)

Reduced use of virgin materials and/or an increase of the use of secondary and bio-based materials

Reduce Material Consumption (SDG12)

Minimise waste through diversion: Instead of sending waste to landfill, it is redirected into other industrial processes for handling, treatment, recycling, recovery, or reuse in various forms. 

Minimise waste through design: At the outset of a process of project, plan and design such that there is zero waste or minimal waste during production, use, and at end of life. 

Minimise Waste (SDG12)

Reduced use and withdrawal of water and rate of recycling and reuse of water

Save Water (SDG6)

Reduced use of fossil fuel energy sources and/or increased use of renewable energy

Reduce Energy Consumption

Contributing to the improvement of biodiversity including species diversity, total number of protected species, and ecosystem health

Biodiversity

Providing commercial and consumer financial services, such as lending, credit, financing, banking, asset management, financial exchanges, ratings services, money services, insurance and pension services, etc.

Financial Services

Providing various support services for businesses and governments, such as research, testing, certification and consulting services, cleaning and maintenance services, security and protection services, legal, accounting and bookkeeping services, information management, data processing, and business process outsourcing services

Research & Commercial Services

Producing electronics products for businesses and consumers, including cellular phones, personal computers, printers, servers, electronic computer components and peripherals, TVs, audio equipment, as well as household appliances, such as refrigerators, washing machines, etc.

Electronics and Appliances

Producing indoor products for the home and office, such as furniture, including upholstery, carpets and wall-coverings, as well as cutlery, cookware, glassware, crystal, silverware, utensils, kitchenware and household specialties

Home and Office Furnishings

Producing and providing leisure and personal products and services for consumers, such as cleaning products, sports equipment and toys, personal and beauty care products, as well as domestic and personal services such as caretaking, cleaning, hairdressing and other beauty treatment, funeral and related activities

Personal Products and Services

Providing recreational and cultural services, including hotels, resorts, casinos, sport and fitness centers, stadiums, golf courses and amusement parks, restaurants, bars, pubs, fast-food or take-out facilities, as well as libraries and museums

Hospitality and Tourism

Producing machinery for mining, construction, industrial, and agricultural use, such as heavy duty trucks, rolling machinery, earth-moving and construction equipment, farm machinery, commercial printing and presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, etc., including their related parts

Machinery

Producing electric cables and wires, power-generating equipment, including solar modules, motors, power turbines, as well as electronic equipment and instruments, including computer chips, communication equipment, analytical instruments, lasers, display screens, point-of-sales machines, security system equipment, and healthcare equipment

Electrical and Electronic Equipment

Upgrade, repair, and maintenance while in-use

Maximise lifetime of products in-use

Designing to enable multiple uses and lifecycles of a product and its materials

Design for cyclability

Designing products that are made to last and to ensure longer use

Design for durability

Providing products through leasing, rental, or pay-per-use models instead of sales

Leasing, rental, pay per use

Providing services through a subscription plan with regular payment schemes

Subscription-based services

'Inform' increases the overall levels of awareness and builds the necessary skills and knowledge around the circular economy to foster long-term change.

Inform

Data, knowledge & information sharing

'Manage' influences the use and function of physical and material elements within the urban environment. 

Manage

'Incentivise' sends market signals and support to businesses, citizens and governments to promote certain activities.

Incentivise

Economic Frameworks

Slow strategies aim to keep materials in use for as long as possible, for example through design for durability and repairability. A more circular economy is also a slower one: materials, components, and products—and even buildings and infrastructure—that we lock in stocks are made to last. This will lower material demand in the long run, in essence also serving to narrow resource flows.

Slow

Ensure renewable, reusable, non-toxic resources are utilised as materials and energy in an efficient way

Prioritise regenerative resources

While resources are in-use, maintain, repair and upgrade them to maximise their lifetime and give them a second life through take back strategies when applicable

Stretch the lifetime

Utilise waste streams as a source of secondary resources and recover waste for reuse and recycling

Use waste as a resource

Consider opportunities to create greater value and align incentives that build on the interaction between products and services

Rethink the business model

Account for the systems perspective during the design process, to use the right materials, to design for appropriate lifetime and to design for extended future use

Design for the future

Work together throughout the supply chain, internally within organisations and with the public sector and communities to increase transparency and create joint value

Team up to create joint value

Use digital, online platforms and technologies that provide insights to track and optimise resource use, strengthen connections between supply chain actors, and enable the implementation of circular models



Incorporate digital technology

Utilise bio-based, reusable, non-toxic and non-critical materials

Regenerative materials

Replace freshwater with less impactful alternatives and enact water efficiency measures

Regenerative water

Replace energy sources with less impactful alternatives and enact energy efficiency measures

Regenerative energy

Give products and parts another life after their end-of-use

Maximise lifetime of products after use

Ensure that biological products are properly managed and preserved

Maximise lifetime of biological products

Reuse, repurpose, and recycle waste streams within the same industry

Valorise waste streams - closed loop

Reuse, repurpose, and recycle waste streams within other industries

Valorise waste streams - open loop

Recover waste energy or generate fuels and energy from waste streams

Energy recovery from waste

Deliver products through business models that ensure maximum value

Product business models

Deliver services through business models that ensure maximum value

Service business models

Designing to reduce waste during production and use

Design out waste

Industry peers to industry peer collaboration to create joint value and identify synergies

Industry collaboration

Engage and guide customers and consumers to ensure circular use of products

Customer / consumer collaboration

Engage with the government on circular policies and programmes

Government collaboration

Engage internally to guide employees and facilitate greater knowledge sharing between internal divisions

Internal collaboration

Engage with the local community where facilities or offices are located

Community collaboration

Employ technologies to gather and analyse data to provide insights on resource use

Data and insights

Employ online platforms to connect and improve information sharing between stakeholders

Digital platforms

Using bio-based materials such as bioplastics, mushroom-based materials, etc.

Alternative bio-based materials and inputs

Enacting measures that optimise material use such as 3D printing, etc.

Material efficiency

Using <a href="http://ec.europa.eu/growth/sectors/raw-materials/specific-interest/critical_sv" target="_blank">materials that are not considered critical</a>.

Non-critical materials and inputs 

Using <a href="https://echa.europa.eu/information-on-chemicals" target="_blank">materials that are not toxic or hazardous</a>.

Non-toxic materials and inputs

Using materials that can be easily reused or recycled after use

Reusable, recyclable materials and inputs

Replacing freshwater use with rainwater, fogwater, seawater, etc.

Alternative water use

Enacting measures that optimise water use

Water efficiency

Converting fossil fuel based operations to electric

Electrification

Enacting measures that optimise energy use

Energy efficiency

Using renewable energy like solar, wind, etc. or renewable fuels like biomass, etc.

Renewable energy, fuels

Providing repair services or maintenance services for products or parts

Product maintenance, repair

Providing upgrade programmes or upgrade services for products or parts of products

Product upgrade

Providing DIY repair kits or spare part programmes for enabling self-repair

Self-repair, spare part service

Extraction and reuse of parts from end-of-life products for use in new products

Part recovery

Activities to clean, decorate, and restore products back to working condition for original or new purposes

Refurbishment, remanufacturing, renovation

Marketplaces or services that enable the second hand sale of own-brand products

Own brand second-hand sale

Marketplaces or services that enable the second hand sale of products

Second-hand sale, distribution

Preserving and conserving biological products such as food, forests, etc.

Preservation, conservation

Managing and enriching biological products such as soil, land, etc.

Management, enrichment

Collection programmes that process products and parts for reuse or recycling within the same industry

Closed loop collection

Transforming waste products, materials for reuse within the same industry

Closed loop upcycling

Using waste materials that have been processed and recycled to produce new products within the same industry

Using closed loop recycled materials

Transforming waste products into materials and lower value products within the same industry

Closed loop downcycling

Collection programmes that process products and parts for reuse or recycling within other industries

Open loop collection

Transforming waste products into materials and lower value products within other industries

Open loop downcycling

Transforming waste products, materials for reuse within other industries

Open loop upcycling

Using waste materials that have been processed and recycled to produce new products within other industries

Using open loop recycled materials

Generating energy from waste through processes such as anaerobic digestion, gasification, incineration, etc.

Generating energy from waste

Processing waste streams into fuels such as biogas, biofuels, pellets, etc.

Processing waste into fuel

Recovering and reusing waste heat, gas, etc. for energy

Recovery and reuse of waste energy

Selling parts of modular products that can be refilled

Sale of refillable parts

Providing products through sharing between consumers, customers, etc.

Peer to peer sharing

Selling high quality, long-lasting products

Sale of durable, long-lasting goods

Selling parts of modular products that can be exchanged or replaced

Sale of exchangeable parts

Decentralised services that rely on the power of the crowd or the community

Crowd-based services

Providing services where customers are charged only when they use it

Payment per use

Designing products so they produce as little waste as possible during production

Design for minimal waste

Designing products so they use as little materials, water, energy, etc. as possible during use

Design for resource efficiency

Designing products that can easily breakdown and degrade in the environment

Design for bio-degradability

Designing products of multiple parts that can be easily disassembled

Design for disassembly

Designing products of multiple parts that can be easily exchanged

Design for modularity

Designing products to remove any barriers to recycling and enable easy recyclability

Design for recycling

Designing products with a single material type to more easily recycle them after use

Design for recycling - mono-materials

Designing products so they are able to be easily repaired

Design for repair

Designing products to be reused for the same or different purposes in multiple lifecycles

Design for reuse

Designing products to resist damage and wear, and serve a long and useful life.

Design for physical durability

Designing products to increase consumer’s emotional attachment and ensure longer use

Design for product attachment, emotional durability

Putting in place purchasing guidelines for procurement departments and evaluating suppliers on circular economy principles

Circular procurement

Key elements of the circular economy

<p>This white paper explores the links between the circular economy approach and the As-A-Service (AAS) business model. It first establishes the concept of circular economy and then follows with what the As-A-Service model is. This paper is written predominantly from the perspective of manufacturers and/or integrators.</p>