2024 - Sustainable Industrial Processing Summit
SIPS 2024 Volume 2. Anastassakis Intl. Symp / Mineral Processing
| Editors: | F. Kongoli, L. Andric, K. Aravossis, V. Chanturiya, I. Chatjigeorgiou, D. Fuerstenau, C. Kavalopoulos, C. O'Connor, V. Panayotov, J. Rubinstein |
| Publisher: | Flogen Star OUTREACH |
| Publication Year: | 2024 |
| Pages: | 384 pages |
| ISBN: | 978-1-998384-06-8 (CD) |
| ISSN: | 2291-1227 (Metals and Materials Processing in a Clean Environment Series) |
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INCORPORATING CIRCULAR ECONOMY BUSINESS MODEL CANVAS AND SOCIAL CONSIDERATIONS: A FRAMEWORK FOR THE ELECTRICAL AND ELECTRONIC INDUSTRY
Athanasia Milkidou1; Georgios N. Anastassakis1;1NATIONAL TECHNICAL UNIVERSITY OF ATHENS, Athens, Greece;
Type of Paper: Regular
Id Paper: 253
Topic: 5
Abstract:
The electrical and electronic industry faces growing demands to address environmental degradation and social challenges arising from its linear production and consumption methods. To tackle these challenges, this paper proposes an innovative and inclusive framework that integrates the traditional Circular Economy Business Model (CEBM) Canvas with social considerations tailored for this industry. The framework aims to assist the electrical and electronic industry in adopting more sustainable and socially responsible practices while maintaining competitiveness and profitability. The development of the framework involves a multifaceted approach. Initially, an extensive review of existing literature identified crucial principles and successful practices in CEBM Canvas, as well as social responsibility within the sector. Additionally, research methods employed included case study analyses of companies in the sector, industry reports, and surveys that gathered insights from various industry stakeholders to shape the framework's design in order to provide a fundamental understanding of circular economy principles and relevant social issues within the electrical and electronic industry. The proposed framework consists of ten essential elements, including circular value proposition, circular revenue streams, key customer segments, circular customer relationships, circular channels, key circular resources, key circular activities, key circular partnerships, circular cost structure, and social considerations. Embracing this framework, the electrical and electronic industry can not only mitigate environmental risks but also contribute positively to foster societal benefits and promote social equity within the industry. It's evident that the forementioned approach embodies a comprehensive strategy for promoting circularity and ethical responsibility in the electrical and electronic industry, contributing to the transition towards a more equitable and regenerative economy.