Product/Service Enabling Circularity
This Recognition is designed for organizations whose product and/or service offering helps their customers become more circular.
Award Purpose
- Recognise ongoing businesses having their product and/or service offerings supporting industry (customers) implement Circular Economy principles.
- Inspire development of new products and services to support Circular Economy.
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Award criteria Circular Economy Award
- Product/Service Enabling Circularity
Award Criteria : Product/Service Enabling Circularity
This Award is designed for organizations whose product and/or service offering helps their customers become more circular.
1. Leadership
Organization leadership demonstrates its commitment to Circular Economy by developing products and/or services that support its customers in transition to circularity. It can be demonstrated through understanding the market need for such products/services, prioritizing and committing resources for design and development of them, establishing appropriate objectives and performance measures.
2. People Competencies and Capabilities
Leaders, managers and others have required competencies and capabilities in the field of Circular Economy. They are actively engaged and made aware of the need, importance, relevance and benefits of Circular Economy. Responsibilities are assigned for the Circular Economy.
3. Product/Service Enabling Circularity
Organization designs, develops, promotes and delivers a product and/or a service that helps its customers to become circular, e.g. to regenerate nature, minimize materials extraction, greenhouse gas emissions, waste generation. For example, organization provides circular designs, software for Digital Product Passports, advisory, assessment, training, certification services, research publications in the field of Circular Economy.
4. Measurement and Impact
Product/service clearly demonstrates tangible and intangible results and impact such as minimized material extraction, greenhouse gas emissions, waste, increased reuse of materials, energy, water efficiencies, recycling, and regenerated nature. Organization measures volume of product/service distributed and customer feedback in terms of its environmental impact. Performance trends are positive minimum over the last 1-2 years, targets are met.
5. Learned Lessons, Improvements and Future Plans
Organization learns and improves while designing, developing, promoting and delivering the product/service enabling circularity. Future plans are developed for implementing the principles of Circular Economy in other products/services, initiatives.