In October 2024 BSI reported:

The Net Zero Guidelines integrate circular economy activities into an organisation's pathway to net zero.  At the outset every business should consider how it might reduce, reuse, repair or recycle items, machinery or goods that form part of Scope 1, 2 & 3. 

As soon as practicable every organisation should consider how its products and services might be redesigned to meet the three principles of the Circular Economy:

• Eliminate waste and pollution. 
• Circulate products and materials (at their highest value) 
• Regenerate nature.

There is an urgency in rethinking designs for products and services, essentially to remove linear take-make-waste in all of its forms from every source, globally. This fact is well known to the world's major companies and they are encouraging urgency along their value chains. Today, before 2030, it may be in the form of help and support to ensure that your companies goods and services are fit for purpose in the circular economy. 

Governance is moving towards compliance through regulatory channels and that will include financial reporting standards. On December 18 2024 news emerged from the UK Sustainability Disclosure Technical Advisory Committee (the TAC) that it has approved recommendations to endorse climate disclosure, then later sustainably related reporting standards for use by UK companies.  SME's including micro businesses will be expected to comply detailing meaningful evidence where appropriate throughout their value chain of Scopes 1,2 and 3 carbon outputs.

BSI can help every kind of business not only to comply with the new financial reporting standards but construct its own path to Net Zero.  SME's that opt in to working with BSI will find their expertise around Net Zero extends into how they might redesign their products and services to meet growing consumer demands for product that meet the challenges of entering the Circular Economy with goods that are for purpose.