In collaboration with the @British Fashion Council—we present findings from the foundation phase of circular fashion ecosystems developing in UK cities. In this pioneering piece of work, the Doughnut Economics framework is applied, for the first time, to the fashion sector.
In the first phase of the work undertaken by the Institute of Positive Fashion, ten priority Action Areas were identified to make this transformation happen. Circle Economy joined the second phase of the Institute of Positive Fashion’s work to assess the feasibility of developing a city-level Circular Fashion Ecosystem.
This publication —Unlocking the Potential of International Financial Institutions in the Circular Economy Transition — proposes a series of concrete steps to unlock the potential of international financial institutions (IFIs) to fund the circular transformation.
It addresses the lack of unified assessment standards for financiers and enables them to better understand the circular investment’s potential value and risk. This high-level roadmap should spur further debate and fine-tuning among key stakeholders and evolve into a formalised and widely accepted action plan in the near future.
The roadmap proposal is the culmination of six months of collaboration with an IFI exchange network. The network, commissioned by the Dutch government and developed by Circle Economy, hosts content specialists from: the Ellen MacArthur Foundation, Chatham House, UNEP-FI, and the Dutch Ministry of Infrastructure and Water Management, alongside technical representatives of major international financial institutions and private banks (acting in their own capacity), all of whom work directly on the circular economy strategy of their respective institutions.
Over a series of working sessions, the group convened to discuss the opportunities, bottlenecks and best practices in financing circular projects— and the key actions required to address them. The inclusion of the private sector perspective was invaluable, as its approach to financing the circular economy is often the most advanced.
On 17 November 2022 at COP27 in Sharm El-Sheikh Circle Economy launched this roadmap and hosted presentations and a panel discussion with representatives of: The World Bank, Inter-American Development Bank, Ellen MacArthur Foundation, Intesa Sanpaolo, European Investment Bank, the Global Environment Facility, our CEO Martijn Lopes Cardozo and Strategist Marvin Nusseck and a closing word by the Dutch Minister for the Environment Vivianne Heijnen, You can watch back the recording of that session here: https://www.youtube.com/watch?v=OLf_ZwpxzxA
Are you interested in joining the discussion aimed at developing this suggested roadmap into a formalised document for financing the circular economy?
Contact us at info@circle-economy.com or marvin@circle-economy.com
This paper is the third outcome of a collaborative project between the BMW Foundation Herbert Quandt, RESPOND, Circle Economy and SYSTEMIQ. Through a series of interactive workshops, we developed a shared understanding of the ‘regenerative economy’ and, from our learnings, created tangible actions for changemakers to put the regenerative economy into practice.
A shift to a circular economy will impact labour markets both locally and globally: while some jobs will disappear or change in nature, new circular jobs will emerge. But which jobs are already part of the circular economy? Where are they located? How are these jobs distributed across sectors?
We have explored these questions during a research project conducted in collaboration with Circular Economy Switzerland, and funded by the MAVA Foundation. The project aimed to assess the current state of circular jobs in Switzerland and understand how some of its cantons (Bern, Basel, Zurich and Vaud) could scale up its circular economy activities.
Looking at jobs and how they interact with each other in the circular economy is a way to demonstrate the economic feasibility and key social and environmental benefits of the circular economy, so as to motivate different stakeholders at national and local level to be part of the country's transition.
Check out the results on our Circular Jobs Monitor: https://www.circular-jobs.world/
Poland is 10.2% circular: of all the resources it uses to meet its residents' wants and needs, nearly 90% stem from virgin sources. At 13.8 tonnes per person, per year, the country's material footprint is moderate—especially in comparison to other European countries. However, fossil fuel use (mostly coal) is high, and extraction significantly exceeds the EU average. This edition of the Circularity Gap Report presents six scenarios for change: by building its circular economy, Poland could cut its material consumption by roughly 40%, bringing it to a more sustainable level, while nearly halving emissions and doubling its circularity. The report also highlights the crucial role of collaboration in the transition to a circular economy, exploring opportunities for a two-way exchange of knowledge and learning between Poland and Norway.
This paper is the second outcome of a collaborative project between the BMW Foundation Herbert Quandt, RESPOND, Circle Economy and SYSTEMIQ. Through a series of interactive workshops, we developed a shared understanding of the ‘regenerative economy’ and, from our learnings, created tangible actions for changemakers to put the regenerative economy into practice.
Northern Ireland is 7.9% circular: more than 90% of the country's material use stems from virgin sources. At 16.6 tonnes per capita, the material footprint far surpasses the global average. This overconsumption exhausts our planet's vital ecosystems and threatens our quality of life. Our Circularity Gap Report Northern Ireland, however, finds that the country has the power to transform its economy: by doubling its circularity, it can halve the resources needed to fulfil its residents' needs and wants, opening up avenues to slash emissions and reach its net-zero goals.
The capital equipment industry has a key role to play in our goal of doubling global circularity by 2032—but for this to become reality, we must be able to measure and track progress in an actionable way. Metrics are critical to scaling circularity in the capital equipment industry, yet a number of gaps in current frameworks need to be addressed: complex concepts like value intensity, lifetime extension, avoided impact and Everything-as-a-Service are difficult to measure, for example. This paper explores these gaps and calls for circular metrics frameworks that set clear measurement boundaries at both the product or system level, to help capital equipment companies boost their circular performance.
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