Circular Economy Award – Organization
This Award category is designed for organizations that have integrated principles of Circular Economy into their business strategy.
Award Purpose
- Inspire organizations to adopt principles of circularity and Circular Economy models, in order to minimize their environmental impact and regenerate nature.
- Recognize organizations for their achievements and contribution to circularity.
- Share best practices.
- Promote and enhance circularity.
To submit the Application, fill up the form
Circular Economy Award - Organization
Application Form
Criterion 1 - Leadership
Organization leadership demonstrates its strong commitment to the Circular Economy. It can be through policy making, setting direction, strategy, committing resources, establishing objectives and performance measures, engaging stakeholders, contributing to the UN SDGs.
Criterion 2 - Strategy
Organization has a documented strategy for implementing Circular Economy principles, practices and models. The Strategy is communicated internally and externally, it is cascaded to different functions and levels and integrated into business plans, risks and opportunities related to transitioning to the Circular Economy. Alignment with local government regulations on Circular Economy.
Criterion 3 - People Competencies and Capabilities
Leaders, managers and others have required competencies and capabilities in the field of Circular Economy. Responsibilities are assigned for the Circular Economy.
Criterion 4 - Suppliers and Partners
Suppliers and Partners are proactively engaged to adopt Circular Economy principles, practices, and models across the value chain. Sourcing of reused and/or environment friendly materials are increasing.
Criterion 5 - Design and Materials
Products and/or services are designed according to the Circular Economy principles. Products and services are designed and delivered to prevent waste and pollution, reduce materials extraction and regenerate nature throughout the full lifecycle, including end-of-life stage.
Criterion 6 - Implementation
Circular Economy plans are aligned with the Circular Economy strategy and implemented, using tools and technologies supporting implementation of circularity in products, services, operations.
Organization policies have been changed, e.g. procurement policies support circularity, use of environment friendly materials, used materials, use of digital material passports, extended producer responsibility.
Criterion 7 - Measurement and Impact
Organization has measurements pertaining to circularity in place.
These can be:
- % material circularity
- % water circularity
- % renewable energy
- % of reused materials
- greenhouse gas emissions
- contribution to UN SDGs (specify the indicator(s))
Any other measurements reflecting reuse, repair, recycling, product longevity, nature regeneration.
Performance trend is positive minimum over the last 1-2 years, targets are met, performance is compared with the industry benchmark, using relevant and credible sources.
Criterion 8 - Learned Lessons, Improvements and Future Plans
Organization learns and improves while implementing Circular Economy principles, practices, concepts, models. Future plans are developed for implementing the Circular Economy.
Circular Economy Award - Organization has three levels of recognition:
1 Leaf
Organisation has started their journey to circularity. Leadership is committed. Have established strategy, policy, measurements for circularity, few initiatives planned, started, or implemented, trained people. Few results demonstrate positive environmental impact, such as reduction in material extraction, emissions, waste generation. Organization is well on its way to circularity.
2 Leaves
Circular business models, policies and initiatives have been successfully implemented. Have implemented relevant standards and frameworks on circularity. Most people trained. Have started to engage their external stakeholders on promoting circularity. Have clear plans with financial and non-financial commitments for increasing circularity. Sustained results, over 1-2 years demonstrate positive environmental impact.
3 Leaves
Strong commitment of leadership to circularity. Circularity has been implemented in the organization and has been extended to the value chain, using relevant standards and frameworks. Business processes and policies support circularity. Leaders, middle management, and others have been trained. Several external stakeholders (suppliers, regulators, society) have been actively engaged to promote circularity. Organisation is becoming a role model to inspire others. Circularity is becoming a way of life. Sustained results, over 2-3 years demonstrate positive environmental impact.