The circular economy is a model of production and consumption which involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products as long as possible; and tackling the presence of hazardous chemicals along the whole value chain.
In this way, the lifecycle of products is extended in a toxic-free environment.
In practice, it implies designing safe and sustainable products, and right systems, to reduce waste to a minimum. When a product reaches the end of its life, its materials are kept within the economy wherever possible. These can be productively used over and over again within non-toxic material cycles, thereby creating further value.