Circular Economy in Marine Waste Management Through Triple-layered Business Model Canvas Approach

Abstract

Aims: The shift from linear to circular business models is becoming increasingly necessary at the environmental level. There are many ways to make business and the environment an inseparable unit, one of which is by promoting the circular economy business model. Methodology: This study focuses on the Triple Layer Business Model Canvas approach to apply the circular economy concept by using the example of a marine waste processing company. Results: The results showed that the mapping of the waste processing business model with the TLBMC approach can be described as a whole, the sustainable value of the company in three integrated layers, namely the economic layer, the environmental layer, and the social layer. Despite the limitations resulting from this study but the findings in this study can be adapted to other waste processing companies.