The World Business council for Sustainable Development (WBCSD) announced today the release of version 2.0 of its Circular Transition Indicators (CTI) framework, along with an online CTI Tool designed to help businesses in measure and improve their circular performance.

The WBCSD is a global, CEO-led organization of over 200 leading businesses, representing combined revenue of more than USD $8.5 trillion and 19 million employees, working together to accelerate the transition to a sustainable world. The CTI framework, developed with more than 30 companies, is designed to give companies a common language to use both for internal decision-making and for communicating with external key stakeholders in the supply chain. The update includes three new water circularity indicators with calculations to measure progress in lowering freshwater demand and ensuring availability for all users and the environment, a new indicator – CTI Revenue – to link circular and financial performance, as well as extensive instruction and interpretation on the bioeconomy across all indicators and process steps.

The new CTI Tool was developed in partnership with circular economy-focused digital platform Circular IQ. The online tool enables companies to anchor CTI within their organizations, allowing them to run multiple assessments and track their performance over time, building a solid circularity baseline.

Federico Merlo, Managing Director of Circular Economy at WBCSD said:

“Circular performance measurement is an evaluation of the resilience of a business, not just a sustainability assessment. The response from business to the introduction of Circular Transition Indicators (CTI) over the last year has exceeded our expectations. As investors, customers and regulators increasingly request information on circular performance, those companies equipped to measure, monitor and improve their circularity can now understand how to enhance business continuity, effectiveness and showcase their true leadership. We invite companies of all sizes and industries to demonstrate their commitment to the circular economy by completing their assessments through CTI.”