Global circularity protocol for business

What is the Global Circularity Protocol for Business
The Global Circularity Protocol for Business (GCP) accelerates the transition to a circular economy by providing a global framework for measuring, managing and communicating an organization’s circular performance and its impacts. The GCP guides organizations in their transition to a circular economy with a step-by-step journey that places at its core the measurement of material flows that enter, move through and exit an organization’s operational boundaries. It enables them to embed circularity at the heart of their strategy while communicating decisionuseful information that fosters trust and comparability externally, helping investors confidently direct capital toward scaling circular initiatives.
Designed to serve organizations of all sizes, sectors and geographies, the GCP offers a comprehensive approach to integrating circularity into strategy, operations and performance management. The GCP’s standardized scopes for material flows and indicators will also enable the comparability of assessment results.

Frame your objectives: Identify the objectives and use case for your circular performance and impact assessment. This stage provides guidance on clarifying the purpose, selecting the appropriate level of assessment and identifying the stakeholders who should be involved.
Prepare your GCP circular performance and impact assessment: Define boundaries, map the value chain and identify risks and opportunities. The material prioritization methodology, informed by the GCP’s standardized scopes for material flows supports organizations in prioritizing materials for their assessment by focusing on impacts, risks, opportunities and value chain hotspots.
Measure your circular performance and impact: Select indicators and collect data. The circular performance and impact measurement methodology links circular strategies to measurable outcomes across climate, nature, social equity and financial value creation.
Manage your circular performance and impact: Translate results into roadmap by analyzing results, prioritizing interventions, applying improvements and establishing effective governance structures.
Communicate with external stakeholders: Share results with external stakeholders, including investors, regulators, business-tobusiness (B2B) customers and suppliers. A structured reporting and disclosure methodology, providing decision-useful reporting for investors, regulators, customers and value chain partners.

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