A new report assessing how a growing number of Circular Living strategies are helping many businesses to improve their financial performance and mitigate against future uncertainties.
Produced by global environmental action NGO WRAP and OC&C Strategy Consultants the report examines how a range of Circular Living strategies are now becoming more commonplace in UK boardrooms.
The report shows that awareness of Circularity is relatively high in businesses and details how it’s helped improve financial performance, mitigate against supply chain risks, opened new business opportunities and enabled businesses to become more policy compliant.
Key findings
- Designing lasting products with repairability offers commercial benefits of fewer returns, lower warranty claims, strong brand equity and engages customers beyond the purchase through repair services, upgrades and resale programmes.
- Rental and product-as-a-service (PaaS) are helping businesses extract more value from products.
- Refurbishment and resale are becoming commonplace.
- 78% of people participated in at least one Circular activity in the last year.