Sustainable development requires a fundamental shift in the way resources are used in our economic system. Instead of continuing a linear economic model where resources are used and discarded, we need to shift to a circular economy model where economic value is created through the circular use of resources. The transition towards a circular economy has fundamental implications for businesses and other organizations.
Furthermore, the transition to circular economy does not only ask ‘what should be done?’, but urges to ask, ‘how are we thinking?’. Systems thinking is an essential part of circular economy, as it identifies the interconnectivity of economic, political, social, and ecological systems.
A circular economy offers a wide range of opportunities that can provide economic and supply chain advantages to organisations and value to the customer. In this introductory course to circular economy, you will:
- Learn core concepts and principles of circular economy thinking
- Gain insight into how these concepts and principles are brought to life in practice via concrete examples and company visits
- Apply these concepts and principles to design a circular solution
- Develop an understanding of circular economy from environmental, social, and economic angles from a multidisciplinary perspective
Know-how in designing and developing circular business models and value chains will be an asset in various organizations and sectors, for example, in the largest waste-creating industries, such as the textile, food, and construction industries. As circular solutions become more widespread, knowing how to tackle the pitfalls of circularity is essential for future professionals across disciplines.