Danfoss has been announced as a Member of the Ellen MacArthur Foundation’s Network, which will support the company’s circular economy journey.
The Ellen MacArthur Foundation is committed to the creation of a circular economy that tackles global challenges, such as climate change, biodiversity loss, waste, and pollution.
The circular economy is based on three principles, all driven by design: eliminate waste and pollution, circulate products and materials, and regenerate nature. Danfoss’ circularity target for 2030 is that more than 80% of newly developed products sold will be covered by the circularity approach, and that circularity collaborations will be established with 80% of Danfoss’ top 25 customers.
Danfoss’ Rethink-Reduce-Recirculate approach will drive the innovation and development of new products and is inspired by the approach developed by the CIRCit research project and five Nordic universities. In 2022, the Danfoss Circularity Framework was refined based on the Rethink-Reduce-Recirculate principles and incorporated nine circularity strategies that can be applied in new product development across Danfoss. The framework measures circularity when designing new products and identifies opportunities for improvement.
This year the circularity framework and an assessment tool will be implemented in several projects across Danfoss’ business segments.
Danfoss will continue its work with universities and other companies to ensure that the assessment tool and circularity framework adopted are validated and they capture circularity principles and concepts in an accurate and complete way.
