3. THE CIRCULAR ECONOMY TOOLS

In order to effectively implement a system in line with the circular economy strategy in your company, you need the right tools:

• circular economy standards,
• circular business model templates,
• analytical tools,
• environmental management systems.

Here are six examples of tools that can help you implement a new business model.

Source: https://pl.freepik.com/

• Circular Economy Guidelines

This tool shows in six steps how to plan the process of implementing the chosen CEBM. Each step is described in detail, ready-made work materials are prepared, which were developed by the European R2π project commissioned by the European Commission as part of the EU Horizon 2020 programme.

You can read more about this tool here: http://www.r2piproject.eu/

• BS 8001 Norm

It is a practical guide to implementing the circular economy in an organisation. It describes the six principles of circular economy: systems thinking, innovation, management throughout the cycle, wide cooperation, value optimisation and transparency. It splits up their implementation into eight stages, from the analysis of the starting point, through building and testing business cases, to reporting and monitoring. This approach allows for a comprehensive look at the organisation in all aspects of its functioning. It also allows to diagnose the current state of the organization regarding circular economy and indicates strategic development directions for the future.

You can read more about this tool here:

https://www.bsigroup.com/en-IE/standards/benefits-of-using-standards/becoming-more-sustainable-with-standards/BS8001-Circular-Economy/

• Diagnosis GOZ

This circular economy matrix is prepared individually for each company. It contains circular economy issues important from the point of view of the specificity of the company and its industry, which are then analysed in detail. A review of the approach to the analysed issues on the market is also prepared. The circular economy diagnosis helps to determine the level of circular economy implementation in the company, to learn about the strengths and weaknesses and the best good practices in the industry. It also provides proposals for further actions. It is recommended as the first step to prepare a strategy for achieving circular economy in the company and/or implement the BS 800 standard.

You can read more about this tool here:  https://www.csrconsulting.fr/

• Circulytics

This tool contains a set of indicators that measure various aspects of circular economy. It examines enabling factors and outcomes. It allows to assess the circularity of both production flows and the entire value chain of a company. Companies using the tool receive their results in various areas along with expert commentary.

You can read more about this tool here:

https://ellenmacarthurfoundation.org/resources/circulytics/overview

• CTI Tool

This tool examines the circularity of material and energy flows in a company, the consumption of critical raw materials and the circular material efficiency. However, it does not measure the circularity of the entire enterprise.

You can read more about this tool here: https://ctitool.com/