Award Criteria
Our award criteria are designed to honor businesses that are not only adapting to the circular economy but are also shaping its future. Here are our revised criteria:
We look for products and services that incorporate circular design principles, focusing on durability, modularity, and the use of renewable or recycled materials. We also encourage innovative business models, such as sharing, leasing, or product-as-a-service.
Your efforts to reduce waste and use resources more efficiently will be crucial in this criterion. Strategies such as adopting zero-waste practices, optimizing production processes, or leveraging technology to increase resource efficiency are key.
We are interested in how you extend the life of your products or the resources they use. This can be achieved through repair, refurbishment, remanufacturing, or repurposing.
This criterion evaluates how your business practices help restore, rather than deplete, natural ecosystems.
The economic viability of your circular strategies is essential. We want to understand how these strategies contribute to creating value for your company, your customers, and your stakeholders.
Are you going beyond your immediate business operations to help build wider ecosystems that enable the transition to a circular economy? We value businesses that invest in systems, infrastructure, or partnerships to convert waste into new materials or resources.
This criterion recognizes businesses that take an active role in educating consumers about the circular economy. Whether it's through marketing, product labeling, or direct engagement, we want to see how you're helping consumers make more informed and sustainable choices.
Effective solutions that can be scaled or replicated in different contexts are vital. Does your circular model have the potential to inspire or be adopted by other businesses in your sector, or in other sectors?
Transitioning to a circular economy requires collective action. We will assess how your business collaborates with stakeholders such as suppliers, customers, or local communities to implement circular practices.