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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.