Circular economy: Definition
The circular economy model entails sharing, leasing, reusing, repairing, refurbishing, and recycling products and materials to extend their lifecycle.
Related Terms
Sustainable economy
An ideal and sustainable economy seeks to maximise general well-being while minimising resource consumption and environmental harm. Achieving…
Scope 3 emissions
"Scope 3 emissions" (also known as value chain emissions) include all indirect emissions occurring within a company's value…
Environmental claim
Environmental claims, also known as "green claims," are statements made by companies regarding the environmentally beneficial attributes or…
Sustainable Procurement
Sustainable procurement involves the integration of Corporate Social Responsibility (CSR) principles into a company's procurement processes and decisions…