Skip to Main Content
logo
Search
Recently Searched
    • Store Image Profile Picture Image
      • Edit Page
      • MyNEMA
      • Settings
      • Log Out
      Store Image Login
      • NEMA
      • Advocacy
      • Environmental Stewardship
      • Circular Economy
        • Store Icon White Profile Picture Image
          • Edit Page
          • MyNEMA
          • Settings
          • Log Out
          Store Image Login
      • About
        • NEMA Annual Meeting
        • Award Programs
        • Contact Us
        • Join NEMA
        • Organizational Structure
        • Visit NEMA
        • Board of Governors
        • Careers at NEMA
        • History
        • Manufacturers
        • NEMA Staff Directory
        • Send me the latest news!
        • Book a Speaker
        • Conference Center
        • COVID-19 Response: U.S. Electroindustry Essential to American Health and Safety
        • NEMA by the Numbers
        • Programs & Events

          NEMA Annual Meeting 2022 November 16 - 17 | Amelia Island, Florida

      • Advocacy
        • Action Center
        • Energy Policy
        • Infrastructure
        • NEMA Mexico
        • Storm Reconstruction Toolkit
        • Contact Us
        • Environmental Stewardship
        • Buy America(n)
        • NEMA Political Action Committee (PAC)
        • Send me the latest news!
        • Cybersecurity Council Government Relations Committee
        • Healthcare
        • International Trade
        • Policy Trackers

          Read about NEMA Advocacy Efforts in Washington Watch

      • Analytics
        • electroindustry Business Conditions Index
        • Lighting System Indices
        • Industrial Control Business Indices
        • Intelligence Portal
        • Lamp Indices
        • Send me the latest news!

          Get the Latest Electroindustry Business Conditions Indices

      • Directory
        • Member Products
        • Send me the latest news!
        • NEMA Councils
        • Manufacturers

          Learn more about NEMA membership

      • Standards
        • All Standards
        • Code Alerts
        • Publicaciones en Español
        • Technical Services
        • Why Standards
        • All Standards by Product
        • Electrical Standards & Products Guide (ESPG)
        • Patent Disclosure Policy
        • Standards Store
        • Send me the latest news!
        • About NEMA Standards
        • International Activities
        • Technical Field Representative Program
        • White Papers

          Download 2022 ESPG Now!

      • News & Trends
        • Blog
        • Electroindustry Magazine
        • Awards
        • Send me the latest news!
        • Podcast
        • Industry News
        • Advertise with NEMA
        • Electrical Standards & Products Guide (ESPG)
        • NEMA Pressroom
        • eiXtra e-newsletter
        • More
          Directory
          Standards
          News & Trends

        Data saved successfully.

        Data saved successfully.

         
        1. NEMA
        2. Advocacy
        3. Environmental Stewardship
        4. Circular Economy
        • Circular Economy
        • Environmental Design and Product Management
        • Mercury Product Laws

        Circular Economy

        ​​In a world where critical resources are often finite, a business model that drives down the need for new materials and increases supply chain resiliency can provide its adherents with a competitive advantage. The concept of a Circular Economy (CE) looks beyond the current extractive, "take-make-dispose" business model toward a system that redefines growth, focusing on positive societywide benefits. Incorporating CE principles into manufacturing results in less new material requirements and energy inputs, generates less production waste, and reduces external emissions per-unit.

        Advocates of the transition to a circular economy predict enormous economic returns for those companies that successfully incorporate "circularity" into their business models. On behalf of its members, therefore, NEMA is directing an effort by global sustainability consultants to define the principal "Value Retention Processes" (VRPs) associated with the CE vision of manufacturing and explore their potential application to the electro-product sector.  Meanwhile, some NEMA Member companies are moving forward with this transition through concepts such as remanufacturing, 'product as service' arrangements with customers, and integrating environmental criteria into product design. 

        Contact Todd Simms of NEMA Government Relations for more information about NEMA's engagement in the Circular Economy. 

        Ads

        logo
        • Facebook fb-icon
        • Twitter twitter-icon
        • Blog bing-icon
        • YouTube youtube-icon
        • Podcast rss-icon
        • LinkedIn linkedin-icon
        • About
        • Advocacy
        • Analytics
        • Directory
        • MITA
        • News & Trends
        • Standards
        • Store
        Information
        Contact Us
        Home
        Privacy Policy
        Site Map
        Terms & Conditions
        Quick Links
        Environmental Stewardship
        Field Representative Program
        Find a Manufacturer
        Find a Standard
        High Performance Buildings Initiative
        NEMA Staff Login
        Intelligence Portal
        International Activities
        Membership
        MyNEMA
        NEMA Premium