Insights
You don’t have to adopt sustainability practices purely out of conviction; the economic and social benefits are also worthwhile.
Lower costs
A smart purchase policy geared to circular design can significantly reduce your costs. Using residual flows as raw materials instead of new, more expensive materials can make a big difference. Add in a lower bill for waste collection and/or processing, and it’s clear that circular choices can noticeably reduce your business expenses.
Stronger collaboration
Adopting sustainable practices is not something you do on your own. As all the links in the chain depend on each other, the relationship between suppliers, employees, customers and other value chain partners is crucial. This close collaboration leads to greater loyalty, openness and innovation.
Learning from each other ensures faster progress and your business becomes more resilient to unexpected economic upheaval. Want to create added value on two fronts? Then involve people from social employment initiatives in your circular activities. Read all about it on the page Social and Circular EconomyThe circular economy is a restorative and regenerative economy. By maintaining the value of the products, materials and resources in the economy through smart product design, repurposing and/or shared use of products, it reduces the extraction of natural resources by using resources already present in the economy..
More customers
Consumers increasingly value sustainable products and services. Adopting sustainable practices and communicating about them
Not only consumers identify with your mission, other stakeholders such as public authorities also value a sustainable vision when awarding public tenders.
In conclusion, introducing sustainable practices means
Would you like to assess the circularityCircularity describes the quantity of materials managed in a closed loop. of your SMESmall and medium-sized enterprises? Conduct your circularity analysis here!
