recently I came across this project which I've found super-interesting and I want to share it with you.
It is called Recycling Business Models and it links together Sweden, South Africa and Spain and its main focus is sustainability through the implementation of 7 steps. They have developed the a Circular Economy concept and the aim is "to keep products, components, and materials at their highest utility and value, at all times."
Here below the “7 R’s” of circular economy:
"Rethink: Re-thinking business models and solutions at every level to be mindful of resource use and waste production. The sharing economy is proof that ownership of material is dropping, making for fewer materials used. Businesses like IKEA are already looking into renting business models.
Reduce: Reduce consumption of energy and materials by applying lean design principles and producing products that are made to last.
Re-use: Reuse products by transferring them to another user. The marketplaces like eBay have already taken hold on consumers’ markets and it’s starting to be used in industries as well.
Repair: Repair components and parts so that products can be used longer by the user. With the slow-down of throw-away consumption, consumers will be thinking about purchasing products that last and the “repair” business will get a boost.
Refurbish: To achieve circular economy, businesses can look into recovering and refurbishing old products to be sold again or transformed in new products.
Recover: Recover embedded energy from non-recyclable waste material where feasible. Nonrecyclable waste may at least be converted into energy through waste-to-energy processes such as combustion and gasification.
Recycle: Recycle materials or resources by disassembling components and separating parts."
I love this idea and I wish more and more businesses will consider these steps when they need to implements new rules and regulations in their businesses.
Let me know your thoughts!!
Further information can be found at:
https://www.pta.es/wp-content/uploads/2020/09/RBM_good_practices.pdf
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