Meaning Of Circular Economy

The growing demand for EEE, especially in developed places, as well with the economic development grow, the people enjoy the better lifestyle and embrace the materialistic culture in the affluent societies, the consumption and disposal of EEE continues to rise. In addition, the producers introduced the new products constantly to the technology market in order to achieve market penetration and the consumer attention, such as by decreasing the prices and increasing advertising. In fact, the lifespan of these products has shorten which as an excuse to stimulate replacement buying by consumers. Therefore, most people prefers to buy a new product rather than to repair the exist product. It is seems to be a trend to get them to buy more. Eventually to generate more wasteful consumption of

The first is to “radically increase the productivity of resource use,” if we are more smart with our resources we can be more productive, they can last longer, and we can get more out of what we take. The second is to “shift to biologically inspired production with closed loops, no waste, and no toxicity.” Attempting to do thing that has little to no waste, when we are wasting resources nobody wins. Third, “shift the business model away from the making and selling of “things” to providing the service that the “thing” delivers.” Instead of relying on objects that we make, sell, and buy with our resources, we should look to figure out a way to allocate services that those objects do. Finally, “reinvest in natural and human capital,” reinvest in what works is how to grow. Educating the people who are working and recycling when possible (Gould & Lewis

Electronics Recycling. Electronic recycling is one consideration the company can do better with. Recycling in general lowers greenhouse gas emissions that are caused by manufacturing items for the first time. Recycling electronics conserves natural resources making cleaner air and water. The valuable resources computers and electronic components carry are metals, plastics, and glass. According to the Environmental Protection Agency (EPA), recycling a million laptops would give back enough energy for 3500 American homes’ electricity. A million cell phones would could yield 35,000 pounds of copper, 772 pounds of silver, 75 pounds of gold, and 33 pounds of palladium. Instead of throwing out the old computers and blackberry’s, the company could simply upgrade the hardware or software and then recycle the parts necessary.

The carmaker, which employs 15,000 people, including 3,500 engineers at two product development centres in the Midlands, is part of the EU ETS scheme and has signed up to a Climate Change Agreement. Head of sustainability Frances Leedham says One of my objectives is to make environment and sustainability part of doing business. It was unheard of a few years ago, but there is a clear incentive to decarbonise our economy and focus on renewable energy. Across our UK facilities we have set ambitious targets, and by 2012 we aim to reduce operating carbon emissions by 25 per cent, waste to landfill by 25 per cent and water consumption by 10 per cent. So crucial is the companys sustainability agenda to long-term business growth that a 9m fund has been set aside for investment in efficiency measures across the business, targeting areas where the biggest savings can be made. Jaguar Land Rovers paint shops, for example, have been identified as the largest consumer of energy in the whole manufacturing process. By sharing best practice between production sites, the company has implemented more than 50 initiatives-from optimising use of air compressors to closing parts of the paint shops when they are not being used. These measures have saved 13,200 tonnes of carbon emissions and more than 1.5m in energy costs over the past two years. But Leedham insists smaller schemes have a significant effect, too Things such as lighting, heating

Recycling is the process in which materials, that are no longer needed, are remanufactured making new products in order to prevent wastage of useful material and also to reduce pollution, landfill, greenhouse gases and energy usage.

Since by thinking about the environment we are making sure that the resources of the future generation are not endangered. The author also points out the whole idea of to redesigning the way we make things can not only depends on the manufacture but also depends on the consumer end of the business spectrum. This is due the fact the even if the manufacturer is trying to come up with ways that are safe to the environment, they are only as effective as the consumer what follows the ways to dispose of that

The process is just as important as the materials used in the production. Alongside production technology innovations, brands such as Adidas and Nike have begun to use recycled materials in their shoes. The way to ‘do more with less’ will involve innovations in the types of materials used in products. Adidas has prototyped Primeknit shoes made from recovered ocean fishing nets while Nike is using recycled polyester, diverting plastic bottles from landfills. Furthermore Nike has begun to implement sustainability metrics into their material choice and product design. This helps to ensure that there is greater transparency to the trade-off’s that designers are making between functional performance and environmental impact. To ensure continuous superior product performance a business must drive product innovation as well as

The infrastructure is not at present in place to permit efficient recycling of materials from old product to new. These materials include metal, polymers, refrigerant gas and glass. This situation is due largely to a culture of indifference from Governmental and regulatory agencies at present. The use of natural capital is unsustainable with the culture of supply of what the customer wants and not what they need, this is at present a cultural problem. This has a detrimental impact on the ecosystem.

“Going green” is the spread of knowledge and practicing environmentally and ecologically friendly habits. It is providing tips and ways to be involved in sustainable living. This concept uses the terms reduce, reuse, and recycle. Goodwill exploits these skills. Their business revolves around collecting unwanted things and selling it to be used again. Most people shop there not knowing that they are doing their part and recycling. Job training comes into play because they teach individuals in their community skills that also enhance the recycling process. They teach them how to analyze objects, repair them, and determine decent prices. This is an investment for not only their industry but in the economic health of their community. Goodwill teamed up with Dell to formulate the Reconnect program. Dell describes the program as a program that puts "technology and jobs back into the hands of those who need them most” (Johnson). The program started in 2004 and opened 250 jobs. Reconnect allows people to donate old computers, this donation helps allow “technology, education, training and career services” to people who need extra help” (Johnson). This program abstracted more that 96 million pounds of potential waste. Both Dell and Goodwill meet high standards for workplace and environmental

The industry can be very susceptible to environmental issues together with other manufacturers. With the advent of campaigns toward saving the environment and “going green”, the society is now more concerned with how the industry’s wastes and other by-products are being managed. Using recycled materials and recycling one’s wastes can affect the industry’s over-all image as an environmental advocate.

Speaking of recycling, the term 'recycle' is partly incorrect. Most items that gets recycled are turned into products of lesser value. A good example of this is a car. When cars are to be 'recycled', they are usually melted. This is a grand mistake, because when the car melts, all the different types of metals join together into a 'monstrous hybrid', thus making it impossible to be made into a car again. The authors call this 'downcycling'. If we can recycle everything we discard into an object of equal or increased value, we would not be required to mine for the resources. The authors call this

Recycling. (2011). In V. L. Burton. III (Ed.), Encyclopedia of small business (4th ed., Vol. 2, pp. 1049-1051). Detroit, MI: Gale. Retrieved from Gale Virtual Reference Library database.

By recycling, people save half or more of the money they spend a year. An example is instead of buying a new case of water bottles every week, you can reuse them, which saves you more money that you can spend on things that you do need. In the article, the author stated, “Choosing sustainable materials for a product, streamlining the production process, and reducing the need for packaging all result in significant cost savings for the manufacturer.” This statement supports the fact that you should support recycling because it saves you money because the author explains that by recycling businesses save

One positive implication capitalism has to the natural environment is industrial ecology, a system of chain production and consumption, serving to the lowest environmental impacts in a most environmentally sustainable economy as the main goal of operation (Richards & Pearson, 1998). The Companies in a like to operate in such way because of four major reasons. The most important factor is known as the corporate well-being, for it is determined by higher profits and growth provided by innovations in an industry. Profits are increased from recognizing the production ineffiency costs that comes from wasted inputs and energy losses; this allowing cost savings to increase and ineffiency to decrease. compliance with cleaner technology alternatives such as ones that produce less waste and less energy will provide long term savings which are both beneficial to the environment and the business at hand. A real world example freight company changes their salvaged driving equipment to hybrid vehicles. Money is temporarily lost, but the gasoline and maintenances cost savings will compensate in a long run period of time.

A&F highlights its care for environmental stewardship by embracing the 3 R’s concept – Reduce, Reuse and Recycle – to limit the size of its carbon footprint. It maintains water used for cooling and heating throughout its HVAC systems, which keeps its systems in top efficiency and helps use less electricity and natural gas (“Conservation & Energy Efficiency”). Moreover, motion sensors and programmable control panels are implemented in A&F’s offices, distribution centers and stores to provide significant energy savings (“Conservation & Energy Efficiency”). The company has challenged themselves to reuse and