The social contribution of the circular economy

Abstract

The social value of the circular economy (CE) has only been recently explored in the literature. To understand the social implications of the implementation of the CE, a semi-systematic literature review was completed evaluating the variables of equity, diversity, collaboration, quality of life, maturity, and governance as derived from a capabilities approach. At a societal level, this article explores the main demands and contributions of the CE to society and identifies the inconsistencies in the literature in assessing the CE as a strategy for development, counterposing views of the CE's contribution to the socioeconomic system. Furthermore, the analysis proposes a set of socioeconomic strategies that can aid a CE implementation. We expand the ‘rethink’ tactic of the 9Rs (Refuse, Rethink, Reduce, Reuse, Repair, Refurbish, Remanufacture, Repurpose, Recycle and Recover) to also rethinking: the economic model, discourse, management strategies, ownership, business models, care work and value chains as well as remembering, reorganizing, and revitalizing. Furthermore, we include nuances to the 9Rs, adding regeneration. The qualitative assessment combined with a topic model offered specific areas where the social dimensions can be prioritized; these include food systems, the built environment with localized urban sharing, value chains, bioeconomy and mitigating the environmental impact of industries such as fashion and construction.