With a proliferation of standards, metrics and tools to help firms join the zero-waste revolution, we look at those that are doing most to close the loop
The world's first standard for the circular economy will be launched next month by the British Standards Institution, a development that reflects the model’s growing relevance for business. BS8001 is intended to help companies realise how they can create direct or indirect value by applying circular principles to their processes, products and services.
Demand is growing for metrics and tools that can assess, track and measure corporate progress towards the circular economy. Besides the new BS8001 standard, the Ellen Macarthur Foundation’s Circularity Indicators Project offers a methodology and web-based tool, designed to help with internal reporting, supply chain risk assessment and procurement decision-making. Other online toolkits are also starting to emerge, from organisations like Netherlands’ Circle Economy and C2C Bizz, Canada’s National Zero Waste Council and University of Cambridge’s Institute for Manufacturing.
But to what extent is “circular economy” just the latest CSR buzzword? How much real progress are companies making on this agenda? In this briefing we take a detailed look at some of the companies that are establishing best practice in closing the loop, reducing waste and making their production processes more efficient. These include Smurfit Kappa, Timberland, and carmakers Toyota and Jaguar. We...