What is the circular economy?
Most organisations agree with the definition provided by the Ellen MacArthur Foundation, recognised as global experts in circular economy development, practice, and analysis.
The Foundation defines the circular economy as “…an industrial system that is restorative or regenerative by intention and design. It replaces the ‘end-of-life’ concept with restoration, shifts towards the use of renewable energy, eliminates the use of toxic chemicals, which impair reuse, and aims for the elimination of waste through the superior design of materials, products, systems, and, within this, business models.”
