The Material Circularity Indicator (MCI) tool, which is part of a broader ‘Circular Indicators Project’ established by The Ellen MacArthur Foundation and Granta Design, offers companies the ability to measure additional, circular value from their products and materials, and mitigate risks from material price volatility and material supply. It calculates the quantity and intensity of circulation on the product and/or company levels. The tool can also compare a firm's performance with the industry’s average as well as provide a web-based component that can equip businesses with the means to track their progress and ensure that their products fit a circular economy based business model.