The Metrics Program
Metrics are crucial to steer the circular transition, build cohesion, monitor progress, and evaluate the impact.
The transition to a circular economy requires systemic change across all sectors and is complex in terms of the goals and the stakeholders it encompasses. Metrics are imperative to guide the transition, build cohesion, monitor progress, and evaluate impact.
The breadth and variety of indicators to measure circularity has grown significantly in the past few years, with key stakeholders speaking ‘many languages’. Several branded frameworks have emerged as generic guidance on how to measure progress on circularity, and several initiatives exist to work towards standardizing terminology and indicator frameworks at higher levels. However, with a variety of challenges ranging from limitation in indicator coverage to data availability and collection, the circular economy metrics field is still on its way towards maturity. For metrics to be successful in supporting the transition to a circular economy, they must be consistent, meaningful, widely accepted, and easy to understand.
Building on the current circular metrics landscape, the PACE Metrics Program – coordinated by the Circular Economy Indicators Coalition – aims to:
- 1. Facilitate the development and adoption of science-based circular economy metrics at different levels, for different user groups, with interconnections and coherence.
- 2. Connect key stakeholders, including both developers and different user groups of circular economy metrics, to facilitate exchange, improve alignment, and bridge critical gaps.