Business case

Impact on increased knowledge and understanding as a result of the case study

Increase Awareness

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

Efficiency gains on operations or transactions either through cultural or technological shifts

Productivity

Impact on the ease of innovation, and facilitating uptake of innovations

Innovation

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

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

Working together with stakeholders and parties in other unrelated industries to implement circular economy strategies and opportunities

Cross-industry projects, pilots

Engaging in discussions with industry stakeholders to share circular economy best practices and push the industry towards greater circularity

Guidance, dialogue with industry stakeholders

Working together with industry peers to engage in business activities or exploratory projects that advance the circular economy

Joint industry ventures, projects, pilots

Integrating circular economy thinking into employee evaluations that are tied to professional compensation

Financial incentives tied to circular economy

Provide guidance or professional training to educate employees to use circular economy principles

Training on the circular economy

Conduct research

Cross-departmental collaboration and engagement

Advocate for circular change

Matchmaking platforms

Grant funding

Awareness raising events

Information campaigns

Impacts

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A framework of policy instruments that enabled and encourage the transition to the circular economy

Policy Instruments

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A framework of policy instruments that enable and stimulate the transition to the circular economy

The principles of a circular economy concern designing out waste, regenerating ecosystems and keeping items in use. Decoupling the economy from material flows—improving the rate of resource productivity faster than the economic growth rate—is also a consistent guide. By evolving with the growing number of applications of circular economy principles, and consolidating these strategies across thematic areas, Circle Economy’s Key Elements Framework (KE) renders the elements of the circular economy salient and serves as a basis to derive contextual strategies and interventions. 


The Framework consists of:
- Core Elements: Activities directly handling product or material flows; and uniquely,
- Enabling Elements: those that remove obstacles for core actors.


Key elements of the circular economy

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Circle Economy's framework of strategies and activities that define the circular economy

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Based on the work of [Bocken et al. (2016)](https://www.researchgate.net/publication/309699661_Product_design_and_business_model_strategies_for_a_circular_economy), the Four Flows Framework serves as a simple framework for managing resource flows in a circular economy by using less (Narrow), using for longer (Slow), using again (Cycle), and using clean, regenerative materials and energy (Regenerate).

These different principles of circular economy can be applied to our socioeconomic metabolism: we can design stocks like buildings, infrastructure, machinery, and vehicles to be rich resource mines for the future, and design manufactured goods and consumables to be cycled and made regenerative. Furthermore, the focus must also centre on getting more value out of fewer materials. Achieving the aims of a circular economy—minimising material use, regenerating the Earth, and preventing material losses—can be done through these four key strategies mentioned above.

Source: Circle Economy. (2023). *[The circularity gap report 2023](https://www.circularity-gap.world/2023)* (p.22). Amsterdam: Circle Economy. 

Four Flows Framework

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 The Knowledge Hub, is curated by BCSD Turkey to share informations, pathways, business models, and design methodologies about circular economy 

Turkey

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Business Council for Sustainable Development Turkey (BCSD Turkey) is the global network partner of World Business Council for Sustainable Development (WBCSD).

BCSD Turkey was established in 2004 to contribute to better understanding, adoption and implementation of the basic principles of sustainable development in Turkey. Our purpose is to increase the awareness of businesses about sustainable development and to extend their influence. With this purpose in mind, we focus our activities on the  five main areas within the framework of the UN's Sustainable Development Goals, and we work with the leader companies of Turkey on sustainability.


Business Council for Sustainable Development Turkey (BCSD Turkey)

The European Bank for Reconstruction and Development (EBRD) was established in 1991 as an international financial institution to support the countries of central and Eastern Europe in transitioning to market economy after the collapse of communism in the region. EBRD is currently active in nearly 40 countries from central Europe to central Asia and the southern and eastern Mediterranean, plus the West Bank and Gaza. EBRD's shareholders are 69 countries from five continents plus the European Union and the European Investment Bank.

In 2015, the EBRD adopted the Green Economy Transition (GET) approach to put investments that bring environmental benefits at the heart of its mandate. The objective is to increase the financing of projects that advance the transition to an environmentally sustainable, low-carbon economy, and help prevent economies from being locked into a carbon-intensive, polluting pathway that depletes natural assets.


The European Bank for Reconstruction and Development (EBRD) 

Since 2016, BCSD Turkey and EBRD have joined forces to create awareness and accelerate the transition to circular economy in Turkey by providing tools and technical support that enable businesses to move away from the traditional ineffective way/concept to a more powerful way of doing business. The journey started with Turkey Materials Marketplace that was instrumental in creating an ecosystem around circular economy.&nbsp;With the establishment of Turkey Circular Economy Platform, it is aimed to provide practical solutions, incentives, news and opportunities in the field of circular economy.&nbsp;The platform at hand includes a knowledge hub, an e-commerce platform (Turkey Materials Marketplace), measurement tools, and offers training, financial opportunities, and consultancy services for companies that are truly looking to accelerate their transition to circular.&nbsp;This joint effort successfully supports businesses to identify opportunities and provide solutions to turn them into reality.