The circular economy is about organising resource flows in a way that reduces dependence on primary resources. Circularity assessment is grounded in circular economy standards.
Why is it important right now?
European Union regulations
- The Ecodesign for Sustainable Products Regulation (ESPR) sets out requirements for demonstrating the circularity of products.
- Under sustainability reporting (CSRD), companies must demonstrate that their business model supports reducing primary resource consumption.
Estonian context
- The national circular economy strategy promotes moving away from linear economic models towards circular solutions.
- Subsidies and public procurements increasingly require companies to demonstrate a reduction in the environmental impact of their resource use.
- Competitive advantage in export markets — international buyers prefer products whose circularity is certified through a digital product passport.