Carbon in Business Action Learning Sets - Circular economy

Circular economy - financial and environmental benefits

Chamber Low Carbon, in collaboration with UCLan, is offering a series of six fully funded sustainability workshops for businesses in Burnley, Blackburn with Darwen, Hyndburn, Lancaster, Pendle and Preston.

This is the second in a series of sustainability workshops, each session will cover different topics each time:

Circular economy - financial and environmental benefits.

The circular economy can offer a wide range of benefits for your business, from cost savings and increased operational efficiency to enhanced brand reputation and access to new markets. Here are some specific ways it can benefit you:

Financial benefits

• Reduced costs: By minimising waste and extending product lifecycles, you can save on raw materials, production, and disposal costs. This can lead to significant cost savings and improved profitability.
• New revenue streams: The circular economy opens new income possibilities through product-service systems, take-back schemes, and remanufacturing activities. These can create new customer segments and increase your overall revenue.
• Improved resource efficiency: By optimising resource use and closing loops, you can reduce your dependence on virgin materials and volatile market prices. This leads to greater operational stability and resilience.

Environmental benefits

• Reduced environmental footprint: The circular economy helps to minimise pollution, waste generation, and greenhouse gas emissions. This not only benefits the environment but also aligns your business with growing consumer demand for sustainable products and practices.
• Improved resource stewardship: By maximising the value of resources throughout their lifecycle, you can contribute to the conservation of natural resources and the protection of ecosystems.
• Enhanced brand reputation: Consumers are increasingly aware of environmental issues and are looking for businesses that are committed to sustainability. Implementing circular economy practices can enhance your brand image and attract environmentally conscious customers.

Additional benefits

• Increased innovation: The circular economy encourages creative thinking and design innovation, leading to the development of new products, services, and business models.
• Stronger customer relationships: Engaging in circular practices can build trust and loyalty with your customers, leading to higher customer satisfaction and retention.
• Improved supply chain resilience: By closing loops and building local partnerships, you can reduce your dependence on long and complex supply chains, making your business more resilient to disruptions.
• To identify specific benefits for your business, it is important to consider your industry, existing operations, and target market. However, regardless of your sector, the principles of the circular economy can offer a framework for creating a more sustainable and profitable business model.

Lunch will be provided.

If you would like more information on the course content, please visit Chamber Low Carbon - Contact.

These workshops are open to businesses in Burnley, Blackburn with Darwen, Hyndburn, Lancaster, Pendle and Preston.

Booking and pricing

This event is free to attend for Lancashire businesses.

You can book your attendance at Eventbrite - Carbon in Business Action Learning Sets - Tuesday, October 8.

Follow the socials

Visit Chamber Low Carbon for more information, and follow them on:

• LinkedIn - Chamber Low Carbon
• X - Chamber Low Carbon