HOW STANDARDS AND AUDITING SUPPORT THE TRANSITION TO A CIRCULAR ECONOMY BUSINESS MODEL
Companies may find it daunting to transition to a circular economy business model because of the sheer number of processes and volume of materials involved in production. A range of management systems and other standards support a circular economy business model. Auditing and certification provide a pragmatic way to implement a circular economy business model.
AUDITING AND CERTIFICATION TO SUPPORT CIRCULAR ECONOMY
A range of management systems and other standards support a circular economy business model, GSE System is based on a wide range of management systems and other standards for example:
HOLISTIC SYSTEMS AND RESOURCE USE
- Environmental management: ISO 14001 begins with a business-wide analysis of social and environmental impacts. The recently updated standard encourages a life cycle view of products and services, and provides a framework for addressing impacts, facilitating the move toward a circular economy business model.
- Eco-design: Although they are not available as certification schemes, certain standards deepen environmental considerations in product development. These include: ISO 14006 ; ISO 14009 Guidelines for incorporating eco-design; Guidelines for incorporating redesign of products and components to improve material circulation; and IEC 62959 Environmental Conscious Design (ECD) – Principles, requirements and guidance.
- Circular Economy: BS 8001 – Framework for implementing the circular economy in organizations, XP X30-901 – Circular Economy Management System for circular economy projects.
- Life Cycle Assessment: Carbon footprinting of products (ISO 14067), life cycle impact assessment (ISO 14040 family) and water footprinting (ISO 14046) approaches help organizations to identify environmental impact hotspots in value chains.
- Material Flow Cost Accounting (MFCA): ISO 14051:2011 provides a framework for MFCA, enabling organizations to identify opportunities to reduce environmental impacts while generating financial benefits. ISO 14052 provides guidance for the practical implementation of MFCA in a supply chain; ISO 14053 is used for SMEs.
- Energy: ISO 50001: Energy Management Systems (EnMS) certification and associated energy use reduction schemes enable you to understand energy use, reduce consumption and close loops.
- Greenhouse Gas (GHG) Emissions: A range of verification schemes help you ensure transparency: for example, verification of organizational GHG emissions for the European Union’s Emission Trading Scheme (EU ETS), other regional and national cap and trade schemes, voluntary organizational GHG inventories, or the CDP (e.g., using ISO 14064-1 and the GHG Protocol).