As defined by the OECD (2019) circular business models serve to reduce the extraction and use of natural resources and the generation of industrial and consumer wastes. They represent the key activities required to transition to a more resource efficient and circular economy. Key circular business models that are monitored in this project include:
- Remanufacturing
- Renting, leasing and related service models
- Repair and maintenance services
- Resell, reuse
- Circular design (products that can be disassembled and recycled)
- Design for durability (products that can last longer)