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Circular economy strategies and solutions
Key solutions for GHG Scope 3 reduction
The key to achieving net-zero emissions lies in reducing scope3 emissions.
Circular economy is the effective solution to reduce scope 3 emissions. The EU can cut emissions by 56% in construction and transportation by 2050 using circular economy, according to the report "The Circular Economy - A Powerful Force for Climate Mitigation" by Material Economics. Material recirculation contributes the most to emission reduction (60%), followed by product materials efficiency and circular business models.
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The key to achieving net-zero emissions lies in reducing scope3 emissions.
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According to the CDP report, “CDP Technical Note: Relevance of Scope 3 Categories by Sector,” Scope 3 emissions on average account for 75% of a company's total emissions and are related to product and supply chain emissions. A report from the World Economic Forum (WEF) identifies the Scope 3 emissions of various industries: for electronics industry, scope 3 emissions account for 77% of total emissions, while for the automobile industry, they are as high as 82%.
"Circular On-site 循環現場" Service
In circular economy, there are quite diverse strategies that companies can adopt. Circular economy strategies include considering the entire life cycle at the product design stage, using low-carbon and circular materials during manufacturing, providing maintenance, and upgrade services during the usage stage, and transforming recycled waste into resources for use when the product life ends. Common service in Circular On-site are as follows:
1
Product design
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Circular Product Design Guidelines
2
Sourcing
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Guidelines for Circular Product Design Sustainable Material Consulting Services (including UL2809 product regeneration material content verification guidance)
3
Manufacturing
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UL2799 Process Waste Reduction Verification Guidance
4
Logistics
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Sustainable packaging consulting services
5
Sales and product use
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Assessment of recurring service establishment
6
End of life
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Objects made from waste resources
