Today, DLL, a global provider of asset based financial solutions launches a new white paper, “Realizing Opportunities of a Circular Business Model”, to provide practical guidance for business leaders preparing for the circular economy.
The circular economy is a regenerative new model inspired by nature. It offers businesses a way to deliver value and profitability in a sustainable way. Products are designed to be recycled, reused or remanufactured at the end of the first life cycle, reducing pressure on the planet’s finite resources.
It also calls for greater use of renewable energy, reducing carbon emissions and countering the threat of global warming. It promotes the development of healthy materials in products, promoting a non-toxic closed loop system.
New service-based financial solutions such as leasing and pay per use are enabling manufacturers to develop circular business models, in which goods are maintained, serviced and eventually returned to the producer to be reused, remanufactured or recycled.
According to the Ellen MacArthur Foundation and McKinsey , world business could unleash as much as a trillion dollars a year of new value out of circular models.