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What is the circular economy?

Circular Economy is increasingly seen as a key approach to operationalising goals and supporting the transition towards a sustainable society by enhancing competitiveness, economic growth and sustainability in many parts of modern society.

Circular Economy is defined by the Ellen MacArthur Foundation as “an economy that provides multiple value creation mechanisms, which are decoupled from the consumption of finite resources”.

Unlike the traditional linear ‘take-make-consume-dispose’ approach, the goal of Circular Economy seek to respect planetary boundaries through increasing the share of renewable or recyclable resources, whilst reducing the consumption of raw materials and energy and thus bringing down emissions and material losses.

Creating a Circular Economy requires fundamental changes throughout the value chain, from innovation, product design and production processes all the way to end of life, new business models and consumption patterns, and that is where MATChE comes into play.

We help you understand your companies’ current readiness to Circular Economy, which is key for planning a successful transition to Circular Economy and assist your systematic transition to Circular Economy.

MATChE’s methodology and 8 dimensions for CE

Behind the assessment and process for increasing company readiness for circular economy is the MATChE methodology. The methodology builds on research and scientific studies done at the Technical University of Denmark, considers 8 dimensions of business operations that is critical to consider, for transitioning to a circular business. The multi-dimensional approach is needed, as circular economy is a wide ranging topic, that can include all areas of your company.

That is also why, it is important to remember that your company does not have to live up to the circular principles in all dimensions right away. A transition to circular economy is a step-by-step process, that is often best stimulated through small projects, used as stepping stones towards the circular goal.

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