Research assistant internship CBMs 2nd

Research assistant internship CBMs 2^nd

Hi everyone!

Last week, I discussed the introduction and importance of Circular Economy (CE) and Circular Business Models (CNMs).

After going through the literature, found that the main business needs for CE are:

                      

                      Minimizing material waste

Minimizing water consumption

                      Utilizing renewable energy sources

                      Minimizing energy waste

                      Flexible designing to achieve disassembly, alteration and easy repair

                      Higher trace-ability and transparency in the whole supply chain

Minimizing effluents and emissions

Minimizing chemical use and restricting harmful chemicals

Preventing labour exploitation and fraudulent accounting

In my understanding, these needs contribute to form sustainable organisations. Based on the Triple Bottom Line (TBL) theory; social, economic and environmental sustainabilities are equally important. To achieve this sustainability goals CE and CBMs are essential. 

Throughout the last seven weeks, I gained vast knowledge about the CE and CBMs. This exciting topic encourages me to learn more. The more I learn, I envisage the criticality of the circular economy and the circular business models. How it can make a difference in the future. The possibility of achieving sustainable businesses and make the world a better place is inevitable through CE and CBMs.

Next week, I will discuss the existing certifications and the tool selected for the study. How they assess the circularity of a business.

Varuna