Measuring and Reporting Circular Progress: A Roadmap for Transparency

Jul 2, 2024

circular economy progress roadmap transparency

The Rising Tide of Circular Economy Progress Reporting Standards

As the global economy shifts towards more sustainable practices, the circular economy has emerged as a crucial paradigm for reducing waste, conserving resources, and mitigating environmental impact. However, to truly drive this transition, we need robust methods for measuring and reporting circular progress. This roadmap outlines key steps for businesses and companies to enhance transparency and accountability in their circular economy efforts.

Stakeholder demand for Circular Economy Progress

As stakeholders demand more transparency, companies face pressure to measure and report circular progress accurately. Key developments include the International Sustainability Standards Board’s global disclosure standards and the EU’s Corporate Sustainability Reporting Directive (CSRD), mandating circular economy disclosures.

Establishing a Robust Circular Measurement Framework

The foundation of effective measurement lies in establishing clear, relevant metrics. Companies should focus on developing KPIs beyond traditional waste management metrics and truly capture the essence of circularity. These may include, but are not limited to:

  • Resource productivity
  • Percentage of non-virgin materials used
  • Circular water consumption
  • Product repairability
  • Material recovery rates

It’s crucial to select metrics that are meaningful for your specific industry and align with broader circular economy principles.

To meet reporting requirements, companies must establish a strong circular measurement framework. Board directors should ensure their companies adopt standardised metrics, like those in the Circular Economy Indicators Coalition’s guidance, covering circular inputs, operational waste, and circular revenues.

Companies should leverage standardised frameworks to ensure consistency and comparability across industries and regions. For instance, the Circular Transition Indicators (CTI) framework provides a common language for businesses to measure and communicate their circular performance. Our Circular Business Simulators allow you to experience the CTI measurement first-hand.

Partnering with Evolveable for Circular Measurement Excellence

Evolveable specialises in developing tailored circular measurement frameworks aligned with industry best practices and regulatory standards. Our experts help organizations establish data collection processes, implement technologies for traceability and transparency, and develop effective reporting mechanisms.

Unleashing the Power of Data for Circularity Insights

Accurate circular reporting relies on robust data and measurement infrastructure. Evolveable’s data analytics capabilities help companies harness their circular economy data, uncovering insights to drive improvement and innovation.

Refer to our case studies with Mayflex and Circulor to understand how circularity can be leveraged to your advantage.

By partnering with Evolveable, organizations can stay ahead of evolving reporting standards, implement top-tier measurement frameworks, and leverage data to accelerate their circular journey. Contact us today!

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