Arup, Network Rail and Frazer-Nash illustrate pathway to circular asset management

Olivia Rhodes-Webb Olivia Rhodes-Webb Marketing Coordinator,London
25 November 2022

Arup, Network Rail and Frazer-Nash have announced the publication of a new white paper outlining guidance to help the asset management industry transition to circular economy principles. 

The publication, How Asset Management Can Enable the Circular Economy,
both outlines the need case for the transition and offers practical ways for companies and other industry actors to adapt their own practices to achieve it.

Presented at the Institute of Asset Management UK Chapter Conference in Birmingham, this is a progressive moment for the circular economy agenda as Arup continues to collaborate with clients and stakeholders to shape whole systems thinking through innovative project delivery and facilitate discussions within the wider environmental, social and governance space following COP27.

This is a critical step forward to support organisations and the wider value chain to review the whole lifecycle value opportunities from their investments. Working collaboratively across the whole value chain is key in realising the economic, social, and environmental opportunities which transition towards a resource productive, socially inclusive and carbon negative circular economy. ” Kate Jackson Kate Jackson Associate

By collaboratively exploring circular economic principles in asset management, Arup, Frazer-Nash and Network Rail challenge the perceived linear "take-make-waste" asset lifecycle. As we take action in response to climate change action planning, the need for embedding circular economy principles in projects across a multitude of sectors has never been greater. 

Reframing how we manage our assets is going to be a key part of how we deliver our ambitions. Network Rail welcome the publication of the Institute of Asset Management White Paper. It clearly defines the opportunities for embedding a circular economy within an asset management context and explains the importance of systems thinking. The publication is a great first step in moving towards a more circular way of thinking for asset management and will support businesses in their transition to a circular economy. ” Katy Beardsworth Environmental Strategy Manager, Network Rail

Looking to the future of asset management, the white paper outlines the value of businesses integrating circular principles from the concept stages. Applicable to organisations in every sector, this guidance serves all industry actors an opportunity to maximise positive change and collaboratively transition through net zero to a regenerative and circular economy.

This evolution involves taking a broader systems approach to enable an understanding of what assets enable in context – meaning the line of sight moves from whole-life cost to whole-life value. If something is manufactured which supports the local and national economy, lasts longer, performs better, and is regenerative by design, it will be ahead of the competition. ” Carl Waring Principal Consultant, Frazer-Nash