What is Ellen MacArthur Foundation in SAP SUS-CE - Circular Economy?

SAP Term: Ellen MacArthur Foundation

• Component: SUS-CE

• Component Name: Circular Economy

• Description: A UK registered charity that promotes the circular economy. It does this by developing and promoting the concept of a circular economy, working with businesses, policy makers and academics.

Smart SAP Assistant

• Key Concepts: 
  The Ellen MacArthur Foundation is a UK-based charity that works to accelerate the transition to a circular economy. The foundation works with businesses, governments, and educational institutions to develop and implement circular economy strategies. The foundation's SUS-CE Circular Economy component focuses on creating a sustainable and circular economy by reducing waste, increasing resource efficiency, and promoting the use of renewable resources. 
  
  How to use it: 
  The Ellen MacArthur Foundation's SUS-CE Circular Economy component provides resources and guidance for businesses, governments, and educational institutions to help them transition to a circular economy. The foundation offers a range of tools and resources such as research reports, case studies, and webinars to help organizations understand the principles of a circular economy and how to implement them. 
  
  Tips & Tricks: 
  When transitioning to a circular economy, it is important to consider the entire value chain from production to consumption. This includes understanding the materials used in production, how they are used, and how they can be reused or recycled. It is also important to consider the environmental impacts of production processes and how they can be minimized. 
  
  Related Information: 
  The Ellen MacArthur Foundation also offers other components such as the Make Fashion Circular initiative which focuses on creating a more sustainable fashion industry. Additionally, the foundation has developed the Circulytics platform which provides data-driven insights into circular economy performance.