menu close
English

  Back to articles

Sustainability

A sustainable business is a circular business

June 21, 2018 | Amanda Lundberg

Chances are you own an H&M T-shirt and a Philips light bulb. What these two have in common is that they're both the product of something called "circular economy". Here's how it works, and why it's so important—for every business, including our own.

Most businesses today operate in a linear economy, which is based on a “take, make, and dispose” model. This means that they source materials as cost-effectively as possible
in order to sell the largest quantity achievable. Their operations are based on the assumption that there’s an
infinite amount of resources available.

Circular-Economy-Graphic-

Closing the loop

The circular economy model, however, treats resources as finite, and is based on a “make, use, and return” model. Here, companies maintain full ownership of market offerings. This model is often achieved via business models based on leasing, subscriptions, or various types of shared economies (think: car sharing).

A great example of a company “closing the loop” is H&M, which offers its customers the option to hand in old garments in their stores. The garments are then sorted into three categories to either be recycled, reused, or re-worn (sold as second-hand clothes). Acting circular as a company is not only better for the environment—it can also be more profitable in many ways.

A recent McKinsey report concluded that circular businesses could boost Europe’s resource productivity by 3% by 2030. This equates to annual savings of—hold on tight—€600 billion a year!

Putting it into practice

Adapting to a circular economy model will reduce the dependency on raw materials, and most importantly, it will limit waste. If we really want to turn climate change around, we’ll need to take responsibility ourselves. This is why we’re currently developing an innovative service model for our charging stations, one which will close the loop—even after disposal.

This model will be a subscription model in which customers can subscribe to (or “lease”) a charging station for a monthly fee.

This replaces the need for fleet owners and EV drivers to purchase and maintain their own residential or workplace solutions; we take ownership and responsibility of these charging stations, covering everything from station maintenance to charging management.

Once the subscription ends, stations are brought back for refurbishment or recycling. The station will then find a second life (e.g. as dummy stations on schoolyards). This process is repeated until the station is fully recycled.

This subscription will be the first step in a long-term plan to make sure that EVBox is responsible throughout all operations, even after disposal. Because the subscription lasts longer than just the charging station itself, companies can reduce spending and lower their carbon footprint at the same time.

Keep an eye on evbox.com for the release of this subscription model!

---

Fancy more reads like this one? 

Subscribe here and get your monthly dose of the latest articles in your inbox!

Back to top  

You may also like

Suggested

EVBox's journey to sustainability part 1: A tree for every charger

Keep reading

Share:

Related Articles

Article

Sustainability

EVBox's journey to sustainability part 1: A tree for every charger

This is EVBox's Journey to Sustainability program, where we talk about initiatives that will either reduce our carbon footprint or increase our social impact.

Keep reading

Article

Sustainability

Moving mobility forward: Conclusions from the Global Climate Action Summit

Businesses must include sustainability as a pillar of their strategy, and there are more role models than one thinks. Here are our CEO Kristof's findings from the 2018 Global Climate Action Summit in San Francisco.

Keep reading

Article

Sustainability

What it means to work at one of the most sustainable offices in the world

EVBox moved in to one of the most sustainable buildings in the world—EDGE Olympic. Little did we know; our move became one of the greatest love stories of modern time. When EVBox met EDGE...

Keep reading

Updates right from the beating heart of the clean tech industry

Updates from the beating heart of the clean tech industry

Subscribe for the latest on sustainable mobility, electric cars, and energy transition, created and curated by EVBox.