Pamplin Media Group – Vineyard recognized for its sustainability efforts

A circular economy is an economic system that focuses on eliminating waste and the unnecessary use of resources. What that means to businesses, industries and individuals can vary, leading many to ask, “Which practice supports a circular economy?”  Using resources efficiently is the practice that is central to how the circular economy is implemented. In other words, the goal of a circular economy is to use as few resources as possible by keeping materials in circulation and getting the greatest value from them.  That may mean different things to different companies based on your industry, what services or products you offer, and your sustainability goals. After all, there are many ways to incorporate circular economy concepts, from salvaging used parts for production to incorporating circular economy practices into your waste management plan.