Realizing Business Benefits

Adopting circular economy approaches can help businesses reduce risks associated with the linear economy and gain a competitive advantage.

Potential business benefits include:

• Building company brand and reputation
• Developing new markets and customers, while enhancing customer loyalty
• Reducing costs for the business, suppliers, and customers
• Improving security of resource supply and price stability
• Getting ahead of investor requirements, government policy and regulation
• Driving continuous rounds of product, process and business model innovation

The circular economy offers significant opportunity for entrepreneurs and innovators to develop new market solutions that disrupt and transform the way we produce, use and consume goods. New circular economy businesses are on the rise and have the potential to drive innovation.

Realizing Climate Benefits

The circular economy can address climate change by tackling emissions associated with how we make and use products and produce food. Applying circular economy strategies to five key materials (cement, aluminum, steel, plastics, and food) can eliminate almost half of the remaining emissions from the production of those goods – 9.3 billion tonnes of CO2e in 2050.