Akshay Seminar pdf

Circular Economy:
Ethical
Considerations and
Practices
The circular economy is an innovative approach that aims to eliminate waste
and promote sustainable resource use. By rethinking product design,
business models, and waste management, the circular economy offers a
more ethical and environmentally-friendly alternative to the traditional linear
economy.
AK by Akshay Kumar
What is the Circular
Economy?
Closed-Loop System Sustainable Design
The circular economy is a It promotes the design of
model that keeps resources in products that are durable,
use for as long as possible, repairable, reusable, and
extracting the maximum value recyclable, minimizing waste
from them, then recovering and and environmental impact
regenerating products and throughout the product's
materials at the end of their life lifecycle.
cycle.
Innovative Business Systemic Change

Models Transitioning to a circular
The circular economy economy requires collaboration
encourages businesses to shift across industries, governments,
from a focus on ownership to a and communities to create a
focus on usership, providing comprehensive, sustainable
products as services and system.
incentivizing reuse and
recycling.
Environmental Impact of the Linear Economy
Resource Depletion Pollution and Waste Climate Impact
The linear "take-make-dispose" model This model generates vast amounts of The linear economy's reliance on fossil
of the traditional economy relies heavily waste, much of which ends up in fuels and energy-intensive production
on the extraction of finite natural landfills, oceans, and the environment, processes significantly contributes to
resources, leading to their rapid contributing to pollution and greenhouse gas emissions and climate
depletion. environmental degradation. change.
Ethical Principles of the
Circular Economy
1 Sustainability 2 Social Responsibility
The circular economy It promotes fair and equitable
-
prioritizes the long term ,
access to resources as well
sustainability of resources , as the creation of green jobs
,
ecosystems and and the empowerment of
,
communities ensuring that local communities .
current and future
generations can thrive .
3 Environmental 4 Collaboration
Stewardship Transitioning to a circular
The circular economy economy requires cross -

recognizes the intrinsic value sector collaboration and the
of natural resources and alignment of diverse
,
ecosystems and works to stakeholders towards a
preserve and restore them . ,

common sustainable vision .
Sustainable Product Design
and Manufacturing
1 Design for Disassembly
Products are designed with modular, easily disassemblable
components to facilitate repair, reuse, and recycling at the
end of their life cycle.
2 Material Selection
Preference is given to renewable, recyclable, and non-toxic
materials that can be reintegrated into natural or industrial
cycles.
3 Responsible Manufacturing
Manufacturing processes are optimized to minimize waste,
energy consumption, and environmental impact, with a focus
on renewable energy and water conservation.
Innovative Business Models for Circularity
Product-as-a-Service Leasing and Renting Take-Back Schemes Sharing Platforms

Businesses offer products as Consumers access products Businesses implement Digital platforms enable the
a service, retaining ownership through leasing or rental systems to collect, refurbish, sharing, renting, and trading
and incentivizing repair, arrangements, reducing the and reintegrate used products of products, reducing
reuse, and recycling. need for individual ownership. back into their supply chain. individual ownership and
waste.
Recycling Reuse and Waste
, ,
Management
1 Collection and Sorting
Efficient collection systems and advanced sorting
technologies ensure that materials are properly segregated
for recycling or reuse.
2 Recycling and Reprocessing

Innovative recycling processes transform waste into new
raw materials or products, closing the loop on the product
lifecycle.
3 Waste Minimization
Strategies such as composting, anaerobic digestion, and
incineration with energy recovery help to divert waste from
landfills and reduce environmental impact.
Empowering Consumers and Communities
Consumer Education Community Engagement Policy Support
Raising awareness about the principles Initiatives like repair cafes tool libraries
, , Government policies and incentives can
and benefits of the circular economy and neighborhood composting further promote circular economy
empowers consumers to make more programs foster community principles and support the development
sustainable choices. collaboration and circular practices . of sustainable infrastructure and
industries
.
The Future of the Circular
Economy
Technological Innovation
Advancements in areas like digital tracking, automation, and
1
material science will enable more efficient and scalable
circular economy solutions.
Systemic Transformation
Transitioning to a circular economy requires the collaboration
2
of businesses, governments, and communities to reimagine
and rebuild our economic systems.
Global Resilience
The widespread adoption of circular economy principles can
3 help build a more sustainable and resilient global economy,
better equipped to withstand environmental and economic
shocks.

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Circular Economy:

model that keeps resources in products that are durable,

use for as long as possible, repairable, reusable, and

extracting the maximum value recyclable, minimizing waste

from them, then recovering and and environmental impact

regenerating products and throughout the product's

materials at the end of their life lifecycle.

Innovative Business Systemic Change

The circular economy economy requires collaboration

encourages businesses to shift across industries, governments,

from a focus on ownership to a and communities to create a

focus on usership, providing comprehensive, sustainable

products as services and system.

incentivizing reuse and

sustainability of resources , as the creation of green jobs

generations can thrive .

The circular economy economy requires cross -

of natural resources and alignment of diverse

preserve and restore them . ,

Product-as-a-Service Leasing and Renting Take-Back Schemes Sharing Platforms

2 Recycling and Reprocessing

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