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Environment, Social, Governance (ESG) are three key pillars, evaluating how sustainable a company is. The transparent and detailed assessment of the three pillars can play a crucial part in the value of a company.

The pillar environment shows the impact of the company on environmental factors such as climate change, waste management, pollution, resource and energy efficiency.

The pillar social includes the treatment of employees, customers, suppliers and other stakeholders. Human rights as well as working laws are considered in this element.

The last pillar governance includes how a company is lead and controlled. It includes integrity, transparency and ethical principles.

Through the scarcity of resources, increasing prices and lack of biodiversity a change of mind-set has to be undertaken by companies towards environment friendliness. In this regard external parties support and accelerate the transformation process

The circular economy is a shift from the linear model into a circular model. In other words products are meant to be reused, upcycled or recycled after end-of-life. A crucial step is that in product design phase already reusability is implemented

Some call the lucky number seven of circularity. They are buzz words which can lead to a sustainable approach:

1.) Rethink

2.) Reuse

3.) Repair

4.) Reduce

5.) Refuse

6.) Recycle

7.) Recover