What are some examples of circular economy in business?

What are some examples of circular economy in business?

Circular economy refers to a model where businesses minimize waste and make the most of resources. Examples include companies like IKEA, which uses recycled materials in its products, and Unilever, which aims for all its plastic packaging to be recyclable or reusable.

How does IKEA implement circular economy principles?

IKEA implements circular economy principles by designing products for longevity, using sustainable materials, and offering services like furniture take-back programs to recycle old items.

Can you give me more examples of companies practicing this?

Sure! Other examples include Patagonia, which promotes repair and reuse of its clothing, and Philips, which offers lighting as a service, allowing customers to pay for usage rather than ownership.

What are the benefits of adopting a circular economy model?

The benefits include reduced waste, lower costs through resource efficiency, enhanced brand reputation, and compliance with regulations aimed at sustainability.