Ethics Sustainability and Social Impact

ETHICS SUSTAINABILITY
AND SOCIAL IMPACT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
1. Circular economy referring to theory from which it has emerged..........................................3
2. Developing commonwealth country with some examples......................................................5
3. companies and local government will do to support development of CE...............................7
4. Report for Commonwealth Local Government Ministers Meeting on key and
recommendations for action.........................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Ethics sustainability and social impact as development which meets with the needs and
wants for current generation. Hence, having without any comprising that could lead for ability
for future generation for meets up their needs and some basic wants. In addition social impact
also includes the wages, employment laws and many other numerous particular laws practices.
This report explain about the Circular economy referring to their theories from which that have
been emerged and some example about how the circular economy is developing in London.
Furthermore, explain about the progress of the various circular economy that have focused on
barriers and making their opportunities for its growth. This report also explain about the local
and international government can do and also make their support to circular economy along with
this report for commonwealth local government ministers meeting on key action as
recommendation for taking actions and that could keep support evidence for city.
MAIN BODY
1. Circular economy referring to theory from which it has emerged.
Circular economy:
A circular economy is the approach to economic development which is designed in order
to give advantage to society, environment and businesses (Zink and Geyer, 2017). As per the
take make waste model, through designing circular model can regenerate and aims to decouple
the growth from consuming the resources. After the economy has defined then the concept of
circular economy is explored. In simple words it can be said that in circular economy it
eliminates waste and composing of the biodegradable waste. It also focuses on eliminating the
use of chemical products and switch to natural substance. In circular economy wastage are
reused, refurbishment and recycled it in order to minimize usage of resources, pollution and
carbon emissions. This economy focus on keeping infrastructure, products etc. safe so that it can
be used for longer time period. This is also helpful in improving resources productivity. As waste
materials can act as input to other products. The idea of waste management is not new and it is
carried from ages. Circular economy first introduced in the year 1990. in today's world
environmental challenges are forcing companies to think about their consumption pattern. So that
is why circular economy model has grown (Geng, Sarkis and Bleischwitz, 2019).

So that is why new methods of production are emerging with the aim of earning billions
and also reducing environmental problems. Circular development and circular economy is
related with each other. The objective of circular economy is to develop sustainable economy on
the basis of renewable resources so that society can be protected from waste. Economic
development should be done in such a manner while producing goods and services by taking care
of environmental and social costs. Circular economy will help in creating new society which will
focus more on waste management and attaining sustainable objectives.
It is the industrial system which will shift industries towards renewable energy. Under
this concept industries will start using renewable energy and eliminates toxic chemicals. Energy
and resources are gold is the principle of circular economy which states that circular economy is
the model which is design in order to reduce and reuse waste. Waste management is very
important and every industry should adopt this model. This economy also believes that there is
no waste in the world. Products are designed by using good quality materials and reuse them
effectively or renew them. The objective of the economy is to protect natural resources through
using renewable resources. Next principle which is following nature's cycle and designs refers
that there is a difference between technical and biological waste. In the biological cycles
consumption takes place where materials are designed in order to consume it through
composting. In the technical cycles products are restored via repair, recycling and reuse. all in
with renewable energies principle refers that industries should use renewable energy so that
dependence on the resources can be decreased.
After industrial revolution a linear model of production is followed. Under which raw
materials are converted into finished goods and sold in the market for consumption. After
consumption waste will be incurred which are further managed and discarded. This model also
improves performance of the resources. Further also helps in fighting with consequences which
is brought by climate change to the business. The goal of circular economy is to have such
ecosystem which is safe to live. Circular economy focus on natural resources and fight against
exploitation of them (Korhonen, Honkasalo and Seppälä, 2018). Natural resources are very
important and if it is used excessively then one day it will vanish from this planet.
Circular economy says that companies should use renewable energy more as compare to
coal, petroleum, diseal etc. the economy model also focus on reducing greenhouse gas emissions
and raw materials should be used in such a manner in order to increase productivity and decrease