Ethics, Sustainability and Social Impact

Ethics sustainability
and social impact

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1. Define and discuss the Circular Economy (CE) referring to the theories from which it
emerged............................................................................................................................................3
Circular Economy.......................................................................................................................3
The blue economy systems approach described by Pauli...........................................................4
Cradle to Cradle design philosophy of McDonough and Braungart...........................................4
TASK 2 Choose a city in developing Commonwealth country and respond to the following tasks:
..........................................................................................................................................................5
Introduction to the developing commonwealth country and its emerging city...........................5
Give examples of how the Circular Economy is developing in that city ...................................6
b) Analyse the progress of the circular economy in that city by focusing the barriers, enabling
factors and opportunities for its growth......................................................................................7
TASK 3............................................................................................................................................8
Propose what companies (local and international) and local government can do to support the
development of the Circular Economy............................................................................................8
Local as well as International companies working for development of circular economy.........8
Local government working for development of circular economy.............................................9
TASK 4. ........................................................................................................................................10
Report for Commonwealth Local Government Ministers Meeting on key and recommendations
for action........................................................................................................................................10
Work done by Commonwealth Local Government Ministers for supporting Circular Economy
...................................................................................................................................................10
Recommendations for the actions that support circular economy............................................10
CONCLUSION .............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Business ethics and sustainability is very important factor that affect the business
activities and functions. Various economic factors facilitates the business to ensure its progress
in economy. The concept of circular economy is defined as a systematic approach that facilitates
the economic development through designing various beneficial factors to business, society as
well as environment. In this report concept of circular economy and its respective theories that
facilitates business to work in sustainable manner in various economic conditions. There are
various local as well as international companies used these polices in order to tale competitive
advantages. Commonwealth is the described as the association for various countries that are
exist all around the world. In the commonwealth community number of countries are working
that applies circular economic theories in order to develop their economic standers. In the
circular economy different theories is used that facilitates smooth and effective working.
TASK 1. Define and discuss the Circular Economy (CE) referring to the
theories from which it emerged
Circular Economy
The concept of circular economy is introduced in year of 1970 as a system that facilitate
organisation to work with sustainability in the competitive environment. It is referred as the
systematic approach that facilitates the economic development by creating various benefits to the
environment, society as well as business. The main objective of circular economy is to redefine
the growth of economy and focus upon the facilitates the society by providing various benefits, it
different from various current take-make-waste model of industry. Generally, it is relate to the
compiling various economic activities with consumption of definite resources as well as
designing the waste material that affect the environment(Alhola,,2019). There are basically three
principles that define circular economy in best manner such as designing the waste and material,
generate natural system of production, and ensure effective utilisation of resources. Circular
economy is come in existence by Cradle to Cradle theory introduced by architect William
McDonough in his book.
There are various factors such as stakeholders, government and residence who focus
upon the maintain as well as develop economy in effective manner in order to make it
sustainable. The concept is related to the producing and manufacturing products, so they can

easily reused and recycled. Products arr deigned in sustainable manner that reduce the harmful
affects on the economy like organisations promote the less use plastic in its production process.
Other concept of linear economy, it is based on the concept of using existing products as the raw
material for other product respectively(Chen,, Hung, and Ma, 2020). Blue economy system is
also the related to the circular economy as it focus upon making better lifestyle of local
community. Local entrepreneurs of a country focus upon the enhancing their sales of product
that ensure the development of economy in which organisation conduct its operations effectively.
In the circular economy various changes are happened by adopting new theories and concepts. In
the process of manufacturing product, high level of pollution is created that affect the
environment negatively. In the circular economy, business develop various concept and theories
that are helpful to decrease the negative impact upon the environment. These theories help the
organisation to sustain in the competitive environment and take competitive advantages.
Theories of circular economy:
The blue economy systems approach described by Pauli
The respective approach of blue economy system is based on the concept of ZERL which
is Zero Emissions Research and Initiative philosophy. The model is introduces in year of 2004
by the Gunter Pauli. The main objective of blue economy system is to shift the focus of society
to the effective utilisation of resource from the scarcity of respective resources. The respective
blue economic system focus on the local economy by reducing the cost and brings cost effective
approach in the organisation. Local economy improves its working procedure by injective cash
inflows in the economy. This model facilitates the economy to develop the its various factors in
order to provide numerous benefits to the environment.
Cradle to Cradle design philosophy of McDonough and Braungart
Cradle to Cradle is also called as C2C design that is referred as a theory that is developed
and created for the regeneration of respective economy. The respective theory is developed by
the German chemist and American architect William McDonough which states that waste
product and materials can be used in the creating new products or make some changes in the
existing one(Chen, , 2020). It's main focus is upon the enhancing the ecosystem in economy by
reducing various toxic ingredients and enhance the use of biological nutrients that facilitates the
economy by working as the manure. By applying this theory, economy can work in clearly
defined symmetrical framework that facilitates ensure the development of companies,