The Circular Economy has three core principles:
Materials can be recovered out of the waste stream for reprocessing or remanufacturing into new products
- Circular Business Models
Business that specifically operate under circular systems, such as Product-as-a-Service, where consumer products are leased and returned at end-of-life or in exchange for a new product. The business retains ownership of the product and can recycle, remanufacture or refurbish accordingly.
- Circular Design
Products are designed for refurbishment or repairability. Circular Design also considers if waste can be designed out of consumer products.