some examples of circular economy practices:
- Patagonia’s Worn Wear program: Outdoor clothing company Patagonia has created a program called Worn Wear that encourages customers to repair and reuse their clothing instead of throwing it away. The program offers repair services for Patagonia products and sells used Patagonia clothing.
- Philips’ circular lighting program: Electronics company Philips has developed a circular lighting program that aims to close the loop on lighting products. The program includes leasing and take-back options for lighting products, as well as remanufacturing and recycling services.
- The Ellen MacArthur Foundation’s CE100 program: The Ellen MacArthur Foundation’s Circular Economy 100 (CE100) program is a global platform that brings together businesses, governments, and academics to accelerate the transition to a circular economy. Members of the program collaborate to share best practices, develop new business models, and create circular economy solutions.
- TerraCycle’s Loop platform: Recycling company TerraCycle has created a platform called Loop that allows consumers to purchase products in reusable packaging. After using the products, customers return the packaging to be cleaned and refilled, creating a closed-loop system.
- The city of Amsterdam’s circular economy plan: The city of Amsterdam has developed a comprehensive circular economy plan that includes initiatives such as a city-wide biowaste program, circular procurement policies, and a circular economy incubator program for startups.
Conclusion
These are just a few examples of circular economy practices that are currently being implemented. By promoting resource efficiency, reducing waste, and creating new business opportunities, the circular economy can help to create a more sustainable and resilient economy.
Nice Article Bibhash..