As companies adopt the circular economy, ISO 59010 emerges as a crucial guide for transitioning from linear to circular business models. This standard offers a detailed, business-oriented methodology, complementing ISO 59004’s high-level principles with practical execution and implementation guidance.
Mapping the Value Chain for Circular Opportunities
Understanding a company’s role in the value chain is a common challenge during circular transitions. ISO 59010 addresses this by providing a structured process to assess current value creation models, map value chains, and identify opportunities for circularity.
A Hierarchical Approach to Value Maximisation
ISO 59010 outlines a hierarchical approach to integrating circular economy principles to maximise value creation. This includes enhancing resource efficiency, fostering innovation-driven economic opportunities, and building resilience—key elements of a successful circular transformation.
The Essential Standard for Circular Execution
ISO 59010 should be at the forefront of those prioritising circular economy standards. It offers a practical roadmap to turn circularity principles into actionable strategies and execution plans tailored to your company.
Measuring Circular Progress: The Power of ISO 59020 (Adapted from ISO)
Measuring and assessing performance is crucial for companies on a circular journey. ISO 59020 provides a comprehensive framework for evaluating and monitoring the implementation of circular economy principles across various economic systems.
Aligning with Sustainable Development Goals
ISO 59020 aligns with the United Nations Sustainable Development Goal 12 (SDG 12) on responsible consumption and production. It also extends its impact to other SDGs, such as climate action, life on land, and sustainable cities and communities.
A Systematic Approach to Monitoring Progress
ISO 59020 offers a systematic approach to monitoring progress towards circular economy goals. It provides guidance on measuring resource flows, assessing sustainability impacts, and identifying core circularity indicators tailored to specific economic contexts.
Tailored Circularity Indicators for Precise Measurement
ISO 59020 establishes adaptable core circularity indicators to meet diverse organisational needs. This flexibility ensures precise measurement of circular progress, enabling data-driven decision-making and continuous improvement.
Embracing the Circular Transformation with Evolveable
At Evolveable Consulting, we recognise the importance of standards like ISO 59010 and ISO 59020 in driving circular economy transitions. Our experts are well-versed in these guidelines, providing tailored support for effective strategy execution and precise progress measurement.
Whether mapping value chains, developing implementation plans, or establishing performance measurement frameworks, Evolveable Consulting is your trusted partner. Contact us today to support your journey towards a sustainable and circular future.