The circular economy is an economic model designed to minimize waste and make the most of resources. Instead of following a linear path of “take, make, dispose,” it focuses on keeping products, materials, and resources in use for as long as possible through reuse, repair, remanufacturing, and recycling.

The main benefits include reducing waste and pollution, conserving natural resources, lowering greenhouse gas emissions, and creating opportunities for innovation and new business models. It also supports more resilient supply chains and encourages sustainable consumption patterns.

By extending the life cycle of materials and products, the circular economy reduces dependency on scarce resources and volatile raw material markets. It creates new jobs in areas like recycling, repair, and sustainable design, while helping companies cut costs and improve efficiency.

Shifting to a circular economy is essential to tackle climate change, biodiversity loss, and resource scarcity. It offers a path toward sustainable growth by balancing economic development with environmental protection. For businesses, it means innovation and competitiveness, while for society it ensures healthier ecosystems and a more sustainable future.