Textiles, Electronics, Plastics/Packaging Sectors Come Together at the CSCP Workshop on Circular Business Models

What can we learn from companies who have successfully transitioned to circular business models? If closing the loop is the way forward, what are the many benefits in transitioning to circular economy? The answers to these questions were discussed in the workshop with insights from 20+ case studies on the benefits, enablers and barriers of circular business models. The CSCP organised this workshop as a part of the R2Pi project on circular economy – funded by the EU and Horizon 2020.

What steps can businesses take to contribute to a more circular economy, and how can I encourage them in my own business?” were key questions from the attendees at the Transitioning to Circular Economy Workshop held in Cologne on 1 October. Experts and business leaders from the textiles, electronics, and plastics sectors came together to learn about some of the many intricacies surrounding the application of circular economy business models to the real world.

Discussions and breakout groups were centred around real-world case studies, and the barriers and potential opportunities that must be navigated and leveraged to improve business and the European Union (EU) towards a more circular system. Some of the topics included were extended producer responsibility schemes, circular economy case studies, social equity in a circular economy and the role of sector coordination and policy in the managing of market externalities. The attendees discussed challenges and solutions in their respective sectors, and they defined actions that could be taken at the organisational, the sectoral and the policy level. Only through consistent multi-stakeholder coordination can we further the status quo towards a future that addresses these issues and more.

A few of the takeaways from the workshop were that while businesses may face many external barriers in adopting fully circular practices, there are many opportunities especially in the initiation of sectoral coordination.

Are you interested in applying circular solutions to your own business? Feel free to contact the CSCP, and we will help you explore circular economy potential within your organisation.

Please contact Raymond Slaughter for more information.