Quantifying the Circular Economy and Product Circularity

Companies play a central role in global efforts to eliminate wasteful practices. They can lead the regenerative use of valuable natural resources while helping to support our planet’s longevity and sustainability as well as humanity’s well-being.

By integrating the principles of circularity into their strategic priorities, organizations can make critical contributions to these efforts. They can also help make their companies more resilient by addressing supply and demand variations that can adversely affect financial performance and return on investment.

For organizations that embrace the values and benefits of a circular economy approach, validating the results of their circular efforts is essential to assessing the effectiveness and limitations of those programs while also identifying areas requiring further attention. Product circularity is one of the circular economy principles that will help businesses transition to an environmentally prosperous future.

UL 3600, the Standard for Measuring and Reporting Circular Economy Aspects of Products, Sites and Organizations, and our Circularity Facts program are the first tools to help companies objectively assess their material circularity. With them, businesses can measure the results of their efforts at the company, facility or product level.

The new UL Solutions white paper “Quantifying the Circular Economy and Product Circularity” focuses on product circularity specifically.