The Circular Service Platform

The Circular Service Platform

Circular Service Platform
Type
Author
Elisa Achterberg (Sustainable Finance Lab, Circle Economy)
Publication Date
April, 2019
Country
Netherlands
Language for original content

In a circular economy, assets are no longer sold. Rather, the assets are collectively maintained by a network of stakeholders involved in the ongoing functioning of the assets - the circular service (CISE) network.

A CISE network however requires unprecedented levels of cooperation and coordination between participants, leading to high administrative costs and the need for trust and transparency in the network. CISE networks are a totally different way of doing business, requiring different financial, legal and governance structures. Would it be possible for assets to be owned and procured by a network that creates value from them? Could this, simultaneously, reduce administrative costs?