Regulatory bodies including the EU and countries in other regions are set to introduce mandatory sustainability reporting, through mechanisms such as the EU’s Corporate Sustainability Reporting Directive and International Financial Reporting Standards (IFRS) Foundation’s sustainability reporting work. The circular economycircular economyA systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. It is based on three principles, driven by design: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature. is expected to play an increasingly important role in these frameworks — and Circulytics, the Foundation’s free circularity measurement tool, is the best way for companies to get ahead of the game.
More businesses are recognising that the circular economy can help build long-term growth and tackle global challenges such as climate change and pollution — but to have an impact, they need to know how they are performing.
We cannot create a circular economy until we properly measure it.
Circulytics is the most comprehensive circular economy performance measurement tool available. It highlights success, identifies areas for improvement, and provides companies with the insights they need to adopt or further embed circular practices. Essentially, it helps companies become more circular.
Launched in January 2020, Circulytics has now been mapped to the UN’s Sustainable Development Goals (SDGs), making it easier for companies to achieve their circular economy, climate, and wider sustainability targets.
It’s also easier to use and easier to collect the data needed. After completing the online survey, companies receive a Circulytics scorecard with an overall grade from A to E. If they wish, companies can publish this scorecard to show stakeholders, customers, and investors how circular they are.
To find out more, register for our webinar — Circulytics: Measuring Circular Economy Performance will be held as a WCEF Side Event on 25th October, 15:00 - 16:00 GMT+1.
