Circular Economy

"EcoCycle Ltd. redesigned its manufacturing process to align with circular economy principles, creating products that can be easily disassembled and repurposed. By ensuring that materials are reused rather than discarded, the company drastically reduced waste and created a closed-loop system that minimizes resource extraction and environmental impact."

Definition

A system designed to maximize the lifespan of products and materials by maintaining them in use for as long as possible. This approach contrasts with the traditional "linear economy," which involves extracting raw materials, manufacturing products, and disposing of them at the end of their life. In a circular economy, the goal is to minimize waste and the use of harmful substances by redesigning, reusing, recycling, and regenerating products and materials. This model promotes resource efficiency, reduces environmental impact, and creates value from waste by reintegrating it into the production process.

Related terms

Scope 1 Emissions

Scope 2 Emissions

FAQs

Data security

We take data security very seriously. ECO-OS uses enterprise-grade security measures, including encryption, secure data storage, regular security audits, and compliance with leading industry standards. Your sensitive ESG data remains private, secure, and confidential at all times.

Data security

Do you provide implementation support?

Absolutely! We provide hands-on implementation support, guiding your team every step of the way. From initial onboarding to training and integration, our experts ensure your team quickly and smoothly gets started with ECO-OS.

Do you provide implementation support?

Do you also support Scope 3 reporting?

Yes, ECO-OS fully supports Scope 3 emissions analysis. Our platform simplifies the complex task of collecting and analyzing your supply chain data, helping you clearly understand your full emissions profile and create actionable reduction plans.

Do you also support Scope 3 reporting?

What frameworks are you compliant with?

ECO-OS aligns seamlessly with major global ESG reporting frameworks, including CSRD, GRI, IFRS, SASB, and CDP. Our platform makes it easy for your company to stay compliant and produce reports recognized and trusted worldwide.