The circular economy is a new economic model that makes more efficient use of resources, reducing our consumption and putting reusable resources from waste back into the production process. The objective is to achieve economic development in ways that combine competitiveness and sustainability through innovation.
At Endesa, we have made the circular concept part of our culture and all our activities, from the construction of new renewable plants to our relationship with our customers.
The pillars of the circular economy
Our vision for the circular economy is integrated throughout the value chain with a new approach based on the use of sustainable resources (renewable, reusable and recyclable), optimising the useful life of goods and products and finding new uses for assets at the end of their life cycle. This vision is made up of five pillars:
Use of renewable sources and reused or recycled material resources from the same or another economic sector
Useful life extension
Extend the life of assets and products by working on their design, making them repairable and facilitating effective maintenance.
Products as a service
A new business model whereby users subscribe to a service rather than purchasing a product, which improves product quality, maintenance and waste management.
Platforms for sharing
Digital applications to share assets, increasing the utilisation factor of goods and products.
New life cycles
This closes the circle for our vision of the five pillars, by proposing solutions that conserve assets and product value when they reach the end of their life by using them in new cycles through reuse, regeneration or recycling.