Ethics, Sustainability and Social Impact: The Concept of Circular Economy

Ethics, Sustainability
and Social impact

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1 ...........................................................................................................................................1
Define and discuss the Circular Economy (CE) referring to the theories from which it
emerged..................................................................................................................................1
TASK 2............................................................................................................................................4
Give examples of how the Circular Economy is developing in Kuala Lumpur, Malaysia....4
Analyse the progress of the circular economy in the Kuala Lumpur, Malaysia focusing on the
barriers enabling factors and opportunities for its growth......................................................5
TASK 3............................................................................................................................................7
Propose what companies and local government can do to support the development of the
Circular Economy...................................................................................................................7
TASK 4............................................................................................................................................8
Report for Commonwealth Local Government Ministers Meeting on key and
recommendations for action...................................................................................................8
CONCLUSION................................................................................................................................9
References:.....................................................................................................................................11

INTRODUCTION
Ethics is the concept of doing things right and wrong. Likewise, Sustainability is the wide
concept referred all over the globe in companies and country for development and growth by
implanting values (Korhonen, Honkasalo and Seppälä, 2018). Sustainability works on three
things ecological health, economic well being and cultural and social fairness. Unethical and
unsustainable practices lead to the harmful social impact like environmental disturbance,
economic downfall and reduce the opportunities for the future coming generation. Therefore the
concept of Circular economy came into existence to reinforce the environment with well being
and values, to reduce the wastage, for proper utilization and consumption of resources. The
report outlines the concept of circular economy referring its theories and principles. Further in
the report development of circular economy is described using the city Kuala Lumpur of the
developing commonwealth country Malaysia. Barriers, enablers and opportunities of circular
economy are represented. In the end recommendation is provided to the local government
ministers of commonwealth for actions related to circular economy.
MAIN BODY
TASK 1
Define and discuss the Circular Economy (CE) referring to the theories from which it emerged
Circular economy is the concept first came into existence in 2015 in the European
Union. The circular economy is basically is basically a concept which was the substitute of the
take, make dispose model and “ end of life” concept by presenting the alternatives of redesigning
and reconstruction, conveying the usage of integrated renewable energy resources, and aims to
avoid the wastage of resources and raw materials during planning in business models (Geng,
Sarkis and Bleischwitz, 2019). By referring the three theories the concept of circular economy
was emerged:
Principles of inputs: The first theory referred to design the concept of circular economy is to
keep the resources and there source balanced and controlled for the long term material flow of
the renewable energy sources and to protect and preserve the natural resources and inputs for the
future generation. The main aim of this theory is to maintain and retain the resource ODF
resources and to circulate the bundle of inputs rather than accumulating them. The purpose of
this theory is to ensure that all the renewable, non renewable raw materials and resources are
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always accessible and visible in the economy. Additionally the consistent flow of input
materials in the cycle of economy is achieved by increasing the dimension of work. Therefore,
the activities of the input in the cycle of circular economy requires the supply of renewable
energy sources and resources free from political and economic threats and uncertainties and also
allow the safe access of secondary renewable resources with prominent supply system (Kirchherr
and et. al., 2018).
Principles of sustainable cycles:The functioning of the economy and peculiarly its growth is
dependable on the proportion of the availability of the resources. Sustainability cyclic processes
are used to ensure that production processes are regularly operating properly. If the resources
like essential raw material are not available for the production, then the growth and development
of economy is rare. Therefore the circular economy serves the offers for the route of
development to guarantee that essential resources and raw materials are always and consistently
available at all possible levels of natural raw materials cycles. This theory of sustainability cycle
aims to release the resources of the natural life cycle processes within the environment by the
shortest achievable cycles, for example: water cycle, soil nutrients circulation known as
cascades. The new resource cycle in the circular economy model is mainly developed by re-
acquiring raw materials or by modernizing the technological systems that is within the
technological cycles. It embrace the necessities for the circular economy design among the initial
stage to reduce the consumption of energy all over the product life cycle. The core of circular
economy operations in sustainable cycles hence rest in the business plan of the product and
services (Camacho-Otero, Boks and Pettersen, 2018).
Principles of outputs: The increasing efficiency of the system is acquired by examining the
processes, corresponding to the principles of circular design and also providing the existence of
redesign by which negative and positive external factors can be avoided with quality. The theory
of principles of output include avoidance of water and noise pollution, no use of plastic, maintain
good health, properly plan utilization of land and avoid any toxic substance. The main aim in the
end of the circular economy design is sustainability. In the business innovation or development
of countries the solution of economic or environmental problems are solved with the proper
allocation of resources, reuse of existing raw materials with efficiency, and re- utilization of the
means of productions. Therefore in today's world the sustainability in the output is the support of
value creation. As with this a country or a business can avoid the degrading government
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