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The circular economy is an economic system in which products are intended to stay in the economy as long as possible thanks to their design that allows products to be repaired, reused, and the constituent materials to be easily separated for recycling. Customers do not have to own products, but can borrow or share them. In this system, waste is minimized. The circular economy is in contrast to the linear model, in which waste is generated, which must be disposed of. The reasons that lead companies to focus on the circular economy include increasing prices of primary raw materials, their availability, and increasing legislative pressure. The application of circular economy principles at businesses will have a significant positive impact on global warming, as extraction and processing of raw materials accounts for about half of total global GHG emissions. Therefore, customers and business partners are increasingly preferring companies with a business model supporting circularity, and thus sustainability.
Our goal, together with our other partners in Circular Slovakia, is not only to ensure the sustainability of our economic environment, but also to find effective business combinations.