In a world of finite materials, the linear model of take-make-dispose is not sustainable…but a circular, regenerative one is.
Embracing a resource efficient and circular economy is a requirement for successful and profitable businesses of the future. Without doing so, some organizations may find themselves subject to future price and raw material volatility, competitive disadvantage and customer concern. Lots of organizations are looking at parts of the circular economy but those who want to take leadership need to make it their core business.
What’s a circular economy?
The Anthesis definition
A circular economy engages stakeholders from a wide range of industries to stimulate supply chains that keep materials and resources at their highest utilization and value throughout their lifecycles. A circular economy considers the market, environmental and social costs of goods and services.
It supports the use of renewable resources; minimizes risks associated with finite raw materials; uses energy most efficiently in the production and delivery of goods and services; and preserves natural capital, including preventing negative impacts on water resources.
The creation of an economy based on these principals stimulates innovation and creates sustainable long term growth that supports the development of new employment opportunities and generates demand for new skills.
The Anthesis Circular Economy offer
Phase 1: Define circular economy for your business and map initiatives to develop a roadmap for circularity
In our experience, although there are lots of organizations developing circular thinking, few have really integrated it in their business strategies and defined a way to progress and monitor changes in their operations and supply chains. Whether your business provides services or products, our experienced team can work with your internal and external stakeholders to:
Define what the circular economy priorities and ambitions are for your organization, and which areas of the definition are in and out of scope for you.
Understand your motivations for circular economy as part of the wider business strategy, vision and direction of travel – such as through stakeholder engagement workshops to get the ball rolling.
Identify what your current level of activity and achievement is by carrying out a circular economy audit with internal stakeholders and with your wider supply chain and customer base, using the pre-agreed scope to define the framework. This is also the time to join up the dots between the circular economy activities you may already be doing.
Carry out a gap analysis between the stated ambition and your current performance and establish a roadmap and KPIs which will enable the circular economy strategy and action plan for the next 2-5 years to be communicated to the organization and rolled out.
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