Following consultant the BSI has launched a new standard for the circular economy, BS 8001:2017: Framework for implementing the principles of the circular economy in organisations, the world’s first for implementing circular economy principles.
I have covered the circular economy within the built environment over recent years, eg within blog posts here, through numerous presentations and workshops and of course within FutuREstorative. It is good therefore to see that BS8001 standard for circular economy guidance is now available.
The new standard is designed to be applicable to businesses of all sizes as they seek to move to a more circular model.
BSI 8001 aims to aid the navigation of the tricky transition period for businesses towards a circular model, outlining what the circular economy is and providing guidelines for the implementation of more sustainable practices.
BS 8001 is built on six principles of the circular economy – innovation, stewardship, collaboration, value optimisations, transparency and ‘systems thinking’ – with the concept that components, products and materials should be kept at their highest utility and value at all times, placing emphasis on the importance of an economy that is restorative and regenerative.
Guidance included in the standard revolves around specific issues that may hamper the transition to the circular economy, such as measurements, liability and insurance, logistical concerns and materials, and also guides on associated business models such as leasing, the sharing economy, and remanufacturing.
The principles and guidelines within the standard are not meant to be prescriptive, but are intended to be used flexibly by businesses and organisations, no matter their size or stage of transition to the circular economy, to reduce costs and supply chain risks while contributing to a low-carbon and resource efficient economy
A free download short executive briefing document has also been produced which is aimed at senior level decision makers.