Harmonizing Metrics to Measure Circularity A Call to Action 2024

Figure 3 reveals several key challenges in implementing circularity metrics. Data availability is reported to be a major obstacle, with many organizations saying they struggle to access and utilize reliable information. Technical expertise is lacking, and suitable tools or metrics are often inadequate, some respondents said, while system incompatibility further complicates integration into existing processes. Cultural resistance and budget constraints present internal and financial barriers to adoption, respondents said. While regulatory and compliance issues are concerns, practical challenges in implementing metrics and tools often take precedence. Overall, these findings underscore the multifaceted nature of the difficulties organizations face in measuring and improving circularity.Obstacles in implementing circularity metrics FIGURE 3 Note: Multiple selection question; qualified data Source: Market survey jointly conducted by the World Economic Forum, Bain & Company and the University of Cambridge What ar e the major obstacles you ar e facing in implementing metrics to measur e the cir cularity of your business?Question 3 112 (27%) 63 (15%)5 (1%)0 (0%)115 (27%)136 (32%)250 202 (48%) 164 (39%)161 (38%)Numb er of respon dents Data availability Technical expertise and competenciesCircularity tools and metrics unavailable/ impracticalSystems incompatible for integrationCompany culture resistanceInsufficient capital/budgetRegulations and compliance barriersI don’t know Others200 150 50100 0 Harmonizing Metrics to Measure Circularity: A Call to Action 9