Application of Circular Economy: Sustainable Assessment tool for Affordable Housing Projects
The urgent need for sustainable affordable housing presents a significant opportunity for impact. Environmental, Social,
and Governance (ESG) principles, when combined with Circular Economy practices, ensure that affordable housing
projects are not only viable but also resource-efficient, environmentally friendly, and socially inclusive. This document
introduces an ESG assessment tool that integrates Circular Economy principles to measure and enhance the sustainability
and long-term impact of affordable housing projects.
Implementing an ESG framework aligns affordable housing projects with global sustainability goals like the UN SDGs while
enhancing project resilience, investor confidence, and long-term benefits. Affordable housing is a critical pillar of
socio-economic development. Integrating ESG considerations ensures environmental sustainability, social impact and
good governance. Integrating Circular Economy principles into affordable housing ensures long-term environmental and
economic sustainability by focusing on resource efficiency, waste reduction, and material reuse. Key principles include
Design for longevity, resource recovery, modular and flexible design, closed loop systems, material innovations, energy and
water reuse.
