ESG Case Study: Circular Economy in Manufacturing Industry
Circular Economy: In a linear economy, we consume resources with the concept of “take-make-dispose”, which is an unsustainable production and consumption pattern. In contrast, the concept of “end-of-life” does not exist under the Circular Economy, materials are not discarded after they are used, instead, they are circulated in various ways. Throughout the years, there have been loads of academics coming up with the definitions of Circular Economy with their focus shifted towards the higher parts of the waste hierarchy. However, the literature studying the Circular Economy implementation in the manufacturing industry is still scarce.
