The CEvaluator checklist was custom developed for the financial sector and maps out the circularity performance of investment files in an objective, yet accessible manner. It not only takes account of circularity in the sense of product and material flows – broader aspects of ecological sustainability are also included. In addition, the checklist exposes typical funding opportunities and risks relating to circular cases and revenue models.
The generated output does not contain percentages or scores, but rather a nuanced overview of opportunities and risks regarding circularity.The visual presentation of the results provides an insight into the extent to which files address the various dimensions of circularity and enables files to be compared with one another.
CEvaluator is aligned with broader European frameworks, such as the categorisation system developed by the European Commission's Expert Group on Circular Economy Financing.
An growing number of business is walking the path of circular economy. One of the levers for a circular entrepreneurship is financing, yet this is precisely the domain where many challenges still lie. Investors often do not know how to correctly assess the potential of circular projects. Also companies' or governments' credit files are often poorly substantiated, leading to reluctance to invest in their circular projects.
Obviously a number of tools for measuring circularity already exist. Most of them are measuring circularity in a business context, while the financial aspect remains unaddressed. This is exaclty the added value of the CEvaluator. With the CEvaluator checklist, the Circular Flanders project Circular Impact Investing aims to simplify and professionalise the evaluation of circularity in investment files. The associated risks are clarified, but also the opportunities that circular cases offer compared to linear models are highlighted. This with the aim of increasing the effectiveness of investments in the circular transition and to scale up implementation.
CEvaluator provides a decision framework for circularity that can be deployed within the evaluation process of any type of investor organisation, ranging from credit institutions, funds and leasing companies to impact investors and subsidy granters. A key focus is on capacity building for evaluators of investment cases, helping them to integrate criteria and evaluation frameworks for circularity into their own analyses in order to strengthen already existing risk models.
CEvaluator is not only aimed at evaluators of investment files – the checklist is also extremely suitable for circular entre- and intrapreneurs who want to substantiate their own file more thoroughly!The tool better prepares case owners, project owners, companies and public authorities in the preparatory phase of a capital round or financing request, for the meeting with the world of financiers. CEvaluator supports them in substantiating their idea, their business plan, their credit application, with the aim of increasing their chances of success.
"In our consultancy trajectories with start-ups and established companies with circular ambitions, the question of financing inevitably rises. Where many enter unknown territory in their search for financing, the CEvaluator tool offers guidance. Not only by looking at circularity performance, but also by mapping out the specific opportunities and risks that circular business cases have to deal with."
"The availability of financial resources is often a deal breaker in the transition to a circular economy. This tool can be a lever to accelerate and scale up circular investments. The standardisation and consistency of the methodology for analysing circular finance cases offers absolute added value."
"The emergence of a model for a sustainable society, based on a '360°' integration of 'Planet', 'People', 'Prosperity' and 'Participation' aspects, will be facilitated by the convergence towards common methodologies for evaluating impact and, in particular, for guiding investment decisions towards better impact."