What is a Circular Economy?

A circular economy moves away from the traditional linear model of taking, making, and disposing of resources. It focuses on extending the life of products through reuse, refurbishment, and recycling while reducing environmental impact. Businesses adopt strategies such as designing products for durability, recovering materials at the end of their use, and implementing closed-loop supply chains. This system supports both environmental sustainability and economic efficiency, encouraging the responsible use of resources and minimizing waste at every stage.