What Is The Circular Economy?2018-08-27T16:59:05+00:00

What is the circular economy?

The circular economy is based on three principles, which the Materials Marketplace follows:

  • Designing out waste and pollution

  • Keeping products and materials in use

  • Regenerating natural systems

In a true circular economy, all products circulate back into the economy after use. The intent is to keep resources in productive use for as long as possible by recovering and regenerating new products and materials. This approach builds long-term resilience, generates business and economic opportunities, and provides environmental and societal benefits.

By using the Pathway21 Materials Marketplace, manufacturers can reduce disposal costs, earn revenue, contribute to sustainability goals, and save money on materials. The estimated economic benefit of transitioning to a circular economy—where materials are reused, recycled and upcycled rather than disposed of—is more than $1 trillion in materials savings alone, according to a study by the World Economic Forum.