Circularity at Micro Level: A Business Perspective

Abstract

AbstractCircularity assessment at the micro-level (for businesses) is critical for a systemic transition towards a CE as businesses are an integral part of the economy. There are wide-ranging indicators and varying practices and tools for measuring the circularity of businesses due to lack of a standard to monitor and report progress towards the implementation of the CE. Besides, most small and medium businesses lack the know-how or resources to measure their circularity. To cater to such needs, we present a generic methodology and a comprehensive set of indicators for assessing circularity at the micro-level that aligns well with the CE principles and goals. Further, a real-world case study is discussed based on publicly available data (reported by the company), as an example of how companies are trying to become circular in practice. At the end of the chapter, major strategies (along with examples) are recommended that can aid businesses in chartering towards circularity.