Monday, August 24th, 2015
Upon reading this headline, you might be asking yourself, “What is the circular economy?”. The circular economy is a resource efficient alternative to the traditional wasteful linear economy. It decouples growth from scarce resource use allowing economic development within natural resource limits and allowing companies to innovate to enable customers and users to do ‘more with less’.
The Circular Awards cover 7 categories and a people’s choice award, they are: Award for Circular Economy Leadership, Award for Circular Economy Multinational, Award for Circular Economy Government, Cities & Regions, Award for Circular Economy Investor, Award for Circular Economy Digital Disruptor, and the People’s Choice Award. Entries are due by September 30th, 2015 and can be submitted by clicking here. The awards will be presented at the World Economic Forum Annual Meeting in Davos in January 2016.
Past winners include organizations such as Method. Based in San Francisco, Method is a pioneer in premium, environmentally-conscious and design-driven home care, fabric care and personal care products. The company has a product development engine built on circular economy principles to ensure that all its products are sustainable. This includes using materials that can be infinitely recycled in technological and biological cycles, using renewable sources of energy, producing clean water and practicing social fairness. The company’s products and processes have brought about innovations that have saved millions of tons of waste, eliminated countless toxic chemicals from homes, and reduced the carbon footprint of ordinary household products by more than a third. method currently has over 80 products that are “Cradle-to- Cradle” certified at the Gold level. The company is also building the first LEED Platinum certified manufacturing facility in the industry, which will be carbon neutral, water neutral, and landfill free. It will be powered by 800kW of on-site solar and wind energy (thecirculars.org).