From the course: Circular Economy Business Strategies
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Integrating social equity into a circular business
From the course: Circular Economy Business Strategies
Integrating social equity into a circular business
- At its core, the circular economy is one of the main tools for developing businesses that create value for customers, but not at the expense of the planet. There is also a great opportunity in the circular economy to add social value and equity. Let's look at a few ways you can build in positive social impacts into your circular economy business models. Ensure that there are ethical actions like fair wages and safe working conditions along your entire supply chain. Check that your subscription or service models are equitable and there aren't any cheeky clauses that lock people in. Perhaps your circular system can be intentionally designed to service underrepresented communities or give back to a community in some way. Use safe and sustainable materials in all your products. Consider how your circular business model can offer more employment opportunities and be affordable for every customer. With the right mindset and data,…
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