The currently prevailing economic model is being led by a linear production and consumption approach that implies the intensive exploitation, use, and disposal of resources which generates material and economic inefficiencies as well as environmental and social impacts.
The main advantage of the circular economy model over the linear one is the resilience capacity and the financial sustainability that it provides to an organization. This model also provides the ability to influence and manage the business risks caused by the main environmental and social challenges such as climate change, scarcity of natural resources, waste management, marine pollution, and biodiversity loss, among others.
SustainLuum puts at the service of its clients a team of experts in the development of circular projects within the framework of the Circular Route of SustainLuum:
The first stage of the redesign of a circular business model is proposed with the objective that the company manages to identify in a panoramic way the potential that the circular economy represents and the benefits that can be obtained by adopting it. This stage includes the development of capacities on the concepts, benefits and risks to mitigate when integrating circularity in the business, as well as the characteristics of circular business models.
Innovation Workshops in Circular Economy
Circular Use of Resources and Energy
Based on the identification of the circular potential, to identify the specific opportunities and risks within the organization and move towards a circular model, an analysis of the current use of resources is carried out, both materials, energy, and water through a Circular Diagnosis, which involves collaboration with various areas of the company.
BS 8001 Standard
ISO 31000 – Risk Management
Life cycle assessment
Innovation in the business model
Circular Business Model CANVAS
Life cycle assessment
Circular Strategy Design
Execution protocols for the specific actions contained in the Circular Strategy are designed and implemented. The protocols are defined based on the resources allocated by the company and the current ability to adapt in its use of resources, technology, and profitable business models.
Internal operating plans
Collaboration with the companies’ value chain is essential to generate greater success of the circular model implemented. With this, the shared value is potentiated, with which extended benefits are obtained and an additional economic value is generated for the circular product or service.
In order to identify how the implemented model is managing to regenerate the social and environmental fabric by creating positive impacts on the environment and society; The following are proposed: indicators that comprehensively measure the impact of the circular models used; the implementation of performance evaluation processes; and the design of communication plans for internal and external key stakeholders.
Indicators Implementation Guides of: Ellen MacArthur Foundation, WBCSD, SDG Compass
Circular Performance Evaluation and Monitoring
The circularity evaluation is crucial to identify and monitor the performance of a circular product, process or company, which allows assessing the impacts generated in the transition process, and that can be integrated into the performance metrics of the company linked to the circular goals and objectives.
Communication and Diffusion Strategy