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.
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.
