So what does business think about the circular economy? - Erica Russel, Head of Sustainability and Insight, BSK-Group CiC

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Small Business & Entrepreneurship

Published on July 23, 2014

Author: GreenEconomyCoalition

Source: slideshare.net

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So what does business think about the circular economy? - Erica Russel, Head of Sustainability and Insight, BSK-Group CiC

So what does business think about the circular economy? Presented by Erica Russell Head of Sustainability and Insight GreenEcoNet Annual Conference Brussels, 25 June 2014

Businesses in SE England, France and Belgium

The 286 companies who gave us their thoughts were: Companies with whom the project partners had previously interacted and had some interest or knowledge in the green agenda 52 were from France, 35 from Belgium and 144 were based in the UK

What does the Circular Economy mean to you? 48.5% had not heard of the term 25.3% were not sure what it meant 17% had some understanding 9.2% understood the term circular economy and thought about it context of business This question was asked to business owners/senior managers/directors

How would you describe the Circular Econnomy? 27.5% understandable 25.2% confusion 16.1% meaningful 15.4% inspirational 9.8% accessible 6.2% overwhelming

Lack of time 20.8% Identifying businesses for collaboration 10.1% Our customer demands 11.1% Applying the principles to our business 14.2% Regulation 12.4% Having the creativity to deliver the vision 5.1% Not knowing where to get information 8.6% Not having the right business skills 6.2% What is preventing YOUR business from maximising the benefits of a circular economy business model?

What can we do to help you embed circular economy thinking in your business? Seen to be of most benefit: · Getting rid of the jargon would be useful · Being able to work with experts and get mentoring · Getting support from waste contractors · Templates on reuse and recycling Least likely to drive action case studies, webinars or peer to peer learning.

For more information on the FUSION project go to www.bsk-cic.co.uk/fusion Subscribe to the FUSION Observatory Blog for news and information on SMEs and the circular economy. Go to www.bsk-cic.co.uk/fusion- observatory

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