What are some successful case studies of circular economy practices?

What are some successful case studies of circular economy practices?

There are several inspiring case studies in the circular economy. For instance, the Ellen MacArthur Foundation highlights companies like Philips, which has shifted to a product-as-a-service model, and Unilever, which focuses on sustainable sourcing and waste reduction.

Can you tell me more about Philips' product-as-a-service model?

Sure! Philips offers lighting as a service, where they retain ownership of the lighting systems and provide them to customers on a subscription basis. This encourages energy efficiency and reduces waste.

What impact has this model had on sustainability?

Philips' model has significantly reduced waste by ensuring that products are returned for refurbishment and reuse, leading to lower resource consumption and a smaller carbon footprint.

Are there any other companies implementing similar strategies?

Yes, companies like IKEA and Patagonia are also adopting circular economy principles, focusing on recycling, sustainable materials, and extending product life cycles.