CIRCULAR CREDITS MECHANISM
Performance-based funding for inclusive Circular Action
Performance-based payments for circular services
A socially inclusive approach to a global environmental challenge
A tool to facilitate compliance with EPR schemes
Raising the bar of voluntary initiatives
No barriers to entry
Learning by doing
Transacted on the
Circular Action Hub
Project registration with the Hub is free of charge, and all transactions are recorded in its Registry, to increase transparency, visibility, and to avoid double counting.
Complementary to other measures to reduce waste and pollution
Claims and reporting of impacts
Governance and Oversight
Recognising that there is a huge diversity of circumstances, technologies, and approaches that can be used by projects in different parts of the world, the Hub adopts a ‘learning-by-doing’ approach and strives for continuous improvement of its requirements based on the experience learned with participating projects.
To guide this learning process, an Advisory Group and a Technical Advisory Committee were created with representation from both the ‘buy-side’ (corporates, donors, investors) as well as technical, scientific, and social sector organisations interested in the social and environmental quality of the initiatives promoted.
BVRio is a non-profit organisation founded in 2011 with the objective to create and promote the use of market mechanisms to facilitate environmental objectives. Originally created to operate in Brazil, BVRio today operates internationally and has offices in Brazil, United Kingdom, Switzerland, China, Ghana, and Indonesia. BVRio’s work is focused around four ambitious goals: climate change mitigation, sustainable forest management, sustainable agriculture, and circular economy. Since 2012 BVRio has worked on circular economy, starting with the development and operation of its Reverse Logistics Credits system, which connected more than 100 waste collector cooperatives with corporates in Brazil. BVRio is a Climate Action Leader of the R20 Regions for Climate Action initiative, and received the Katerva Awards 2013 for Economy. BVRio’s governance includes representatives of the Brazilian World Business Council for Sustainable Development (CEBDS), Brazilian Foundation for Sustainable Development (FBDS), and E2 Socio Ambiental.