What is Circular Economy

RESOURCES > GLOSSARY

Circular Economy Definition

Circular economy is the framework for systems solutions that addresses issues including trash, pollution, biodiversity loss, and waste management on a global scale. It’s founded on three principles driven by design: eliminating waste and pollution, distributing goods and resources at their highest value, and regenerating nature. Following the circular economy model, manufacturers design products to be reused and recycled. The goal is to keep materials, products, and services in circulation for as long as possible.

FAQs

What are the three principles of a circular economy?

The three key principles of a circular economy are:

  1. Eliminate waste and pollution
  2. Keep products and materials in use for as long as possible
  3. Regenerate nature

*Source: https://ellenmacarthurfoundation.org

Is a circular economy sustainable?

Yes. A sustainable circular economy emphasizes the development of long-lasting, repairable, and re-manufacturable items. Instead of simply recovering the energy or resources that products contain and manufacturing new ones all the time, this preserves the functional value of the products.

Why is circular economy important?

A circular economy promotes the lifespan of businesses, the health of people and the environment, and in many situations, higher product quality.

The goal of the circular economy is to stop overusing natural resources. It is a manufacturing and recycling paradigm based on innovation that aims to use natural resources sustainably. Approaches to the circular economy acknowledge that resources are limited and can only regenerate at a certain rate (naturally or artificially).

Streamline
Environmental
Compliance

With tightening environmental legislation and shifting consumer preferences, there’s a greater push for companies to adopt sustainable product development practices and deliver eco-friendly products. Thus, many manufacturers are stepping up to the plate to help build a greener future and enhance our quality of life.

Learn how to streamline environmental compliance for sustainable product development.

Read Article

SEE Arena
IN ACTION

GET A DEMO