Circular economy: Definition
The circular economy model entails sharing, leasing, reusing, repairing, refurbishing, and recycling products and materials to extend their lifecycle.
For Sustainability Managers
Understanding Circular economy strengthens your sustainability strategy and stakeholder communications.
For CFOs
Circular economy has growing financial implications as climate regulation tightens and investors demand transparency.
For Sustainability Reporting
Including Circular economy in your reports demonstrates rigour and alignment with global best practice.
Related Terms
Sustainable economy
An ideal and sustainable economy seeks to maximise general well-being while minimising resource consumption and environmental harm. Achieving true sustainability requires that the demand for natural resources (ecological footprint) remains below nature's renewable supply (biocapacity).
ACCC
The Australian Competition & Consumer Commission (ACCC) serves as Australia's national regulator overseeing competition, consumer protection, fair trade, and product safety.
ASIC
The Australian Securities and Investments Commission (ASIC) serves as Australia's unified regulator for corporate affairs, financial markets, financial services, and consumer credit.
CSR
Corporate Social Responsibility (CSR) comprises policies implemented by a company to positively impact the world.
Eco-friendly
A business is eco-friendly when it is not harmful to the environment, or it is trying to help the environment