Leading companies like USGBC members Veolia, Philips and Cisco are shifting from the traditional linear “take, make, dispose” business model to a more regenerative circular economy framework. This transformation employs a systems level approach and intentional strategy to design waste out of the system and to manage materials for longer circulation and greater re-usability. The goal is to generate more value and economic opportunity with less material and energy consumption.
Value from the circular economy is generated using four principles:
The business case for making the transition to circular economy and unleashing these values is strong. Here are five megatrends, as described in Retail Horizons (a joint project of Forum for the Future and the Retail Industry Leaders Association), that should help bolster the circular economy.
Originally published by the U.S. Green Business Council on April 10, 2015