What is a circular economy? Published on in Spotlight on - Eco Creation
Nowadays more and more consumers are keen to buy environmentally-conscious products. The industry is prepared to take action and consumer awareness is slowly but surely becoming a reality. Denim is still on a journey towards sustainability and the industry is ready with serious solution to make it a reality. Sustainable denim is no longer just an aspiration – it’s a realistic possibility.
The objective is to achieve a denim industry that is more circular, less wasteful and more environmentally-conscious.
But what does the circular economy really mean? And how can suppliers show clear measurable results?
THE CIRCULAR ECONOMY
A circular economy represents a closed loop economic system that designs waste and pollution out, keeping resources in use as long as possible.
This, aiming to extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each lifecycle service.
In fact, it’s a regenerative system by design.
The Cradle to Cradle® concept categorizes two cycles for materials: the biological and the technical one. Waste materials in an old product become the “nourishment” for a new product.
- In the biological cycle, materials are returned to the biosphere in the form of compost or other nutrients, from which new materials can be created.
- In the technical cycle, materials that are not used up during use in the product can be reprocessed to allow them to be used in a new product.
Therefore, six pillars support circular economy:
DESIGN
Here designers will have an amplified role.
In addition to their key role in terms of design and innovation, they will play a critical role by envisioning products made with safe materials that can be perpetually cycled, and that eliminate the concept of «waste» being fully aware about “where products are coming from, how they are made, and which is their end of life”.
SMART INNOVATION
Smart innovation is the latest generation of innovation, meaning an important balance/mix of creativity, innovation, responsibility implemented thanks to culture.
CULTURE
Culture is a key element for stimulating the experimentation of new circular business.
In the same way, heritage represent a resource that can enhance innovation, producing economic, social and environmental value.
COOPERATION
Cooperation is fundamental to C2C design concept.
Consequently, all players must collaborate to find the best solutions aiming to optimize the final product lifecycle at 360° degrees.
COMMUNICATION
It’s fundamental to convey a new message of added brand values that highlights the three-dimensional DNA of a product/service.
This new approach to communication must be transparent and inform consumer of the whole process and overall benefits of the final product. We are creating new generation of values that speaks loud to contemporary consumer, but we need to provide the opportunity for this value connection.
BUSINESS MODEL
Circular economy business model is opening up doors to completely different and multiple opportunities, previously unimaginable for linear economy. They can:
- Offer new commercial opportunities
- Contribute to business growth and sustainability
- Generate new revenue
- Transform a business’s relationship with its customers
- Protect our economy against resource shortages and the rising cost of materials.
- Create products with new generation of values and interactions that represent a real marketing competitive advantage.
Go deeper into the Smart Creation with:
