BOLD Crowdsourcing in the Circular Economy

BOLD Crowdsourcing in the Circular Economy

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Much of the work and focus in the circular economy is based around disrupting standard linear economy business models of “take-make-waste” to ones where higher proportions of resources can be recycled with minimal disposal. Circular economy models to secure value from waste, and prioritise regenerative resources, will extend the life of finite resources. Otherwise, in a world where success is largely measured by profits, most company directors are tied to legal requirements to maximise shareholder value. Stock markets reward relentless growth, and everyone chasing growth in a race that will exhaust those finite resources is not sustainable. How hard will it be to make the switch?

Transitioning from a linear to a circular economy

BOLD Crowdsourcing in the Circular Economy
Image source: Netherlands Government

It’s not that circular economy practices are not or cannot be profitable. But where it makes a difference is how ‘value’ is recognised and measured, what it represents to different stakeholders, when it is measured, and how it is distributed.  So there is a lot to consider about the extent of the inroads that circular economy techniques and practices can achieve. It’s definitely up against the vested interests of major corporations and their stakeholders to maintain the status quo. 80% of shareholders in the global energy company BP recently voted against adopting tougher measures to tackle climate change.

So far, these words reflect wider sentiment that sets a boundary around the circular economy and restricts it to activities that deplete raw materials to manufacture goods or provide services, whether as an input to products or for energy to fuel the processes.  Finding alternatives to slow down the use of resources such as fossil fuels and minerals also has a valuable impact on the climate change crisis, and engages the public at both head and heart touchpoints.

This article was first published by Crowdsourcing Week, you can continue reading it at https://crowdsourcingweek.com/blog/crowdsourcing-in-the-circular-economy/

Clive Reffell

Clive Reffell

Clive has worked with Crowdsourcing Week on sourcing and creating content since May 2016. With knowledge and experience gained in a 30+ year marketing career based in London, UK, he operates as an independent crowdfunding advisor helping SMEs and startups to run successful crowdfunding projects, and with wider social media and content marketing issues.

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