Axfoundation is accelerating solutions for resource-efficient economy based on circular business models as well as recyclable and renewable resources.
In today’s linear economy, value is created by producing and selling as many products as possible. Our current patterns of production and consumption have led to massive climate-related and environmental challenges. In addition, the increasing resource scarcity and depletion means that previously profitable business models now carry significant risks. A change is necessary.
About the program
Within the Circular Economy program, Axfoundation and partners locate, pilot and scale circular business models, and future resource and material flows. However, transitioning to a circular economy also necessitates new business ecosystems, with new mindsets, capabilities and partnerships. Therefore, Axfoundation is bridging researchers and practitioners, and providing opportunities for collaboration across sectors and industries, to speed up shift towards a circular economy.
The program contributes to:
- Businesses applying profitable circular business models and sustainable use of resources.
- Economic growth decoupled from increased use of resources.
- Increased resource efficiency.
- Use of renewable and recyclable resources.
- Reduced climate and environmental impact.
“A circular economy requires that we make ourselves independent of virgin fossil-based raw materials and change to renewables. Thereby breaking the link between economic growth and resource extraction.” – Hanna Skoog, Program Director Circular Economy
Principles of a circular economy: Design out waste and pollution. Keep products and materials in use. Regenerate natural systems.
From waste to fashion: How can one industry’s waste become another’s resource?
Circular Business Models
Companies who implement circular business models concentrate on rethinking products and services by working towards durability, renewability, reuse, repair, replacement, upgrading, refurbishment and reduced material use. Through these strategies, companies can design out waste, increase resource efficiency and decouple growth from natural resource consumption.
Circular Resource and Material Flows
A circular economy is designed to maintain product and material value as long as possible while also minimizing waste production. It employs the use of renewable, recyclable or recycled resources and materials.
A circular economy is based on renewable, recyclable or recycled resources and materials.
In Axfoundation’s Progress Report 2020 Act to inspire & inspire to act, we share an extract of successful results from the program – but also examples of times when things didn’t go quite as planned. Because to innovate sustainable solutions and achieve transformative change, we need to have courage to fail.