“It is high time for companies to rethink. “The manufacturing sector has since the industrial revolution created welfare while significantly damaging the planet’s ecosystem, says Amir Rashid and continues: “If the ecosystem is damaged by enterprise, it can also be restored by enterprise.\u00a0But this requires a changed attitude and great commitment.”<\/strong><\/p>\n Amir Rashid and his team have been involved in two major EU-funded projects,\u00a0Res-CoM<\/a>\u00a0and\u00a0ReCiPSS<\/a>\u00a0, both of which are about circular finance and closing the loop by design.\u00a0By working with four European manufacturing companies, the team developed tools and methods for the manufacturing sector to complete the cycle and take responsibility for a circular life cycle.<\/p>\n “Sustainability as a business model generates positive effects on several levels.\u00a0When you focus on the life cycle of its products and its value, you keep down the amount of waste to handle, which leads to reduced pollution and more business opportunities”, says Amir Rashid.<\/p>\n KTH’s current H2020 project ReCiPSS handles large-scale implementation of circular manufacturing systems in real industrial environments through two pilot companies, Gorenje in Slovenia and Bosch Automotive Aftermarket in Germany.\u00a0Amir Rashid and the team help companies at the beginning of the production chain to think about what value their products have, how that value is delivered to their users and where the products will end up after use.<\/p>\n An important part of this project is to develop information management platforms to be used to track products and their components after use, and to connect and monitor products during use.\u00a0This will help companies develop business models that take full advantage of the entire product value, by properly designing products and the distribution chain.<\/p>\n