Circular Economy Indicators Coalition(CEIC)

The Platform for Accelerating the Circular Economy (PACE) and Circle Economy have established the Circular Economy Indicators Coalition (CEIC) to drive harmonization and increased application of circular indicators.

CONTEXT

The transition to a circular economy requires systemic change across all sectors and is complex in terms of the goals and stakeholders it encompasses. Indicators and metrics are crucial to steer the transition, build cohesion, monitor progress, and evaluate the impact of circular economy interventions.

The breadth and variety of indicators to measure circularity has grown significantly in the past few years, with key stakeholders speaking ‘many languages’. Several branded frameworks have emerged as generic guidance on how to measure progress on circularity, and several initiatives exist to work towards standardizing terminology and indicator frameworks at higher levels. However, with a variety of challenges ranging from limitation in indicator coverage to data availability and collection, the circular economy metrics field is still on its way to maturity. For indicators to be successful in supporting stakeholders guiding the transition, they must be consistent, meaningful, widely accepted, and easy to understand.

The Platform for Accelerating the Circular Economy (PACE) and Circle Economy have established the Circular Economy Indicators Coalition (CEIC) to drive harmonization and increased application of circular indicators.

Building on the current indicators landscape, the CEIC aims to:

1
Create an overview and provide access to increase the use of meaningful circularity indicators to measure the progress and impact of the circular economy.
2
Connect key initiatives and stakeholders to facilitate exchange, improve alignment, and bridge critical gaps.

INTERESTED TO BECOME A MEMBER OF THE CEIC
OR TO LEARN HOW YOU CAN MEASURE CIRCULARITY?

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In October 2020, the Circular Metrics for Business report was released and can be used as a tool to navigate the complex landscape of circularity metrics, by providing a step-by-step guide on which metric to choose.

Businesses can apply metrics to create awareness of the opportunities the circular economy brings to innovate their products among their shareholders, customers, suppliers and employees.

In April 2021, the CEIC launched the Circular Indicators for Governments report. The report provides an in-depth analysis of public sector indicators and provides opportunities for where action can be taken. Taken together, the reports provide the first clear picture of the current state of play on how businesses and governments are approaching metrics for the circular economy.

At COP27 in November 2022 the CEIC with support of Accenture launched a discussion document on "Corporate target setting for the circular economy: Mobilising measurable progress" which introduces research and consultation findings on the current challenges in setting corporate circular economy targets, and presents solutions needed to help mobilize more businesses in setting targets and to help companies better navigate the existing circular target-setting landscape.

At the World Economic Forum in 2023 we have released ‘Corporate circular target-setting guidance’ which builds on the discussion document and provides businesses with a clear launching point for selecting and reporting against impactful targets. It aims to mobilise more corporate circular target-setting and harmonise the circular metrics landscape. The guidance has consolidated a myriad of materials to point users towards relevant standards, tools, approaches, and methodologies. Businesses can use the guidance to learn about best practice KPIs for the circular economy and learn how to select and set these KPIs.

Circular target-setting continues to be a work in progress, and as such, the guidance will be iterated over time as frameworks, approaches, and science evolve. We invite companies to get in touch and share their experiences to better guide more impactful targets and to engage in the development of a science-based approach to circular target setting.

STAKEHOLDERS

MEET THE SECRETARIAT

marvin
nusseck
Strategist (Circle Economy)
LOTTE
HOLVAST
Program Manager Metrics (PACE)
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