Access economy

DEFINITION: 

A business model that gives customers access to goods and services rather than outright ownership. The access economy refers to renting assets on a temporary basis, producing environmental benefits through reduced mass consumption. Companies such as AirBnb, ZipCar and Uber are good examples of the access economy in practice.

See also: Circular economy

See also: Sharing economy

See also: Servitisation

Related items

Bailey, who was charged with introducing and integrating the sustainability department at NG Bailey in 2008, claimed that sustainability was evolving into a “business and moral crusade”

Business 'crusade' built on leadership can deliver zero-carbon buildings, says NG Bailey

EXCLUSIVE: The biggest barrier on the pathway to zero-carbon buildings is a lack of "appropriate leadership" from Governments, although this has presented the private sector with an opportunity to train and retain the next generation of sustainability leaders.

Key areas that the toolkit will aim to tackle include flooding and the soon-to-be introduced Minimum Energy Efficiency Standards (MEES)

Property industry develops sustainability toolkit for acquisitions

A coalition of the UK's leading commercial property owners has teamed up to launch an industry toolkit which delivers practical guidance on sustainability criteria within the acquisition process.

Around 70 delegates from companies like Sky and Unilever discussed the barriers and opportunities of the circular economy at the event

Leading businesses rally to place circular economy into the office workplace

A host of private sector organisations including Interserve, Lloyds Banking Group and JLL have all backed a new initiative aimed at reducing the estimated £15bn waste costs incurred by the private sector, by championing the circular economy in the workplace.

Mars has acknowledged that farmer poverty poses a serious risk to long-term business reliance and growth

Mars launches Farmer Income Lab to help eradicate smallholder poverty

Nutritional giant Mars has today (10 July) launched a programme which aims to foster cross-sector collaboration to improve smallholder farmer incomes across agricultural supply chains.

The building and construction industry accounts for around one-third of global emissions

ISO 16745: First global standard for measuring carbon footprint of buildings

A new international standard created to simplify the measuring and reporting of greenhouse gas (GHG) emissions from existing buildings will "bring a response to the expectations of all", according to industry experts.

The edie team looks forward to receiving your entries and welcoming you to the awards in January

edie's 2018 Sustainability Leaders Awards open for entries

Entries are now open for the 2018 Sustainability Leaders Awards, which recognise the incredible people, initiatives and products that are helping to deliver excellence within the green economy.

The route map outlines several cross-sector factors that must be championed in order to embed the circular economy in the capital

New route map guides London towards £2.8bn circular economy

A new route map was launched on Monday (19 June) outlining how the collective buying power of the private sector could catalyse the circular economy in London, unlocking £2.8bn annually in the process.

Online platforms such as Lyft and Uber nudge people towards ‘access over ownership’, making more efficient use of existing vehicles in the city

Jaguar Land Rover invests £20m in ride-sharing service Lyft

British car manufacturer Jaguar Land Rover (JLR) has entered the market of smart transportation with a new £19m investment in ride-sharing service Lyft.

The Foundation’s $2m innovation prize was launched last week (18 May) in collaboration with the Prince of Wales's International Sustainability Unit

Ellen MacArthur: Businesses must collaborate to make circular economy mainstream

EXCLUSIVE: Businesses need to adopt a collaborative systems approach to packaging and product design that creates value for the vast amount of plastic that has seeped into the oceans, Dame Ellen MacArthur told edie.

The new metric aims to create a business case for investors and companies to demonstrate positive impacts and show they are reversing the trend of natural environment degradation

New natural capital metric a 'powerful lever for change', says Kering

EXCLUSIVE: A new natural capital biodiversity metric will act as an "internal change management tool" that allows companies to define and translate what environmental footprints look like in a business context, Kering's head of sustainable sourcing innovation has claimed.

Car club operators can regularly renew fleets to respond to emerging technologies and car club vehicles are now emitting 29% less CO2 than private ownership cars

Sharing economy makes inroads to combat London's air pollution

A rise in car club members in London is reducing the number of diesel vehicles on the roads, leading to less air pollution and a reduction in vehicle carbon emissions.

Wilson implored companies to introduce design methods and technologies that were both scalable and dismantlable

'Lego block' buildings: Adaptability essential for building stock to combat climate change

The impacts of climate change are exasperating the living conditions of humans, forcing them to be adaptable, a trait that should be mirrored in the global building stock.

The former B&Q boss called on companies to introduce new business models fit a the low-carbon, resource-efficient economy

Sir Ian Cheshire: Sustainability leadership will be defined by courage

Companies that embrace new business models that push beyond 'defensive' actions to future-proof operations will be the next generation of sustainability leaders, British businessman Sir Ian Cheshire has said.

Internal and external relations need to be fine-tuned to ensure that sustainability is treated as a core business value in other departments such as procurement and buying

Internal communication key to driving resource efficiency in fast-fashion world

Sustainability professionals working within incumbent fashion retailers need to be more closely aligned with procurement departments in order to accelerate the transition to more sustainable fashion industry.

The organisations behind the project hope that it will fill the gap and hold company projects to account by mapping them against best practice standards

New ACT programme seeks to assess transformative business models

New methodologies to quantify the preparation of companies in the utilities, transport and retail sectors in shifting towards a low-carbon economy look set to be deployed, after year-long pilot projects highlighted the needs of these sectors.

The UK’s sharing economy is on track for continued rapid growth this year, as activity is primarily driven by more structural, longer-term trends

From disruptors to established leaders: Britain's sharing economy set for 60% upsurge in 2017

Sales generated by the UK's five biggest sharing economy sectors could grow by as much as £8bn this year, driven by an increasingly digitally literate and entrepreneurial population, according to new predictions from professional services firm PwC.

A range of resource-efficient business models exist; businesses need to examine consumer attitudes towards them

WRAP: Consumer demand creating economic opportunities for resource management

The private sector can progress waste reduction methods and promote recycling and reuse by building new business models around the consumer, WRAP's technical specialist Greg Lucas has claimed.

In the UK, the number of plastic shopping bags handed out by retailers in England dropped from seven billion to just over half a billion within six months after the 5p charge was created

Plastic bag take-back: the next step towards a circular economy?

Plastic bag use is expected to fall significantly in Sweden after an innovative take-back trial conducted by Nottingham Trent University led to an 80% drop in consumer usage.

Despite adopting the goals more than a year ago, an inquiry was launched in July 2016 by the Environmental Audit Committee concerning the speed of implementation of the SDGs in the UK

Theresa May urged to commit to $12trn SDG opportunity

More than 80 global firms including Unilever, Coca-Cola and BT have called on Prime Minister Theresa May to demonstrate commitment to the UN's Sustainable Development Goals (SDGs); on the same day that research revealed that the Goals could add $12trn to the global economy.

Swarovski's vice president of sustainability Dax Lovegrove discusses the role of ‘The Disruptor’ within a sustainability team. (Scroll down to play video).

VIDEO: 60-second sustainability skill - The Disruptor

In part four of our series of sustainability skills videos, Swarovski's new vice president of sustainability Dax Lovegrove explains the importance of using disruptive innovation to drive positive change within your organisation and beyond.

Companies are having to navigate the minefields of green innovation and low-carbon start-ups to find the required sharp young minds to progress CSR programmes

Human capital: Why low-carbon innovations must grow hand-in-hand with new sustainability skills

Companies that are driving the global low-carbon transition do so through the effective use of clean technology and a willingness to embrace new businesses models, but are the next generation of green businesses leaders primed with the right skills to push the sustainability agenda even further?

More than 260m parcels are expected to be delivered during November & December 2016

Click and collect shopping can deliver 'greenest Christmas yet', says Doddle

With the festive season just around the corner, new research from parcel delivery company Doddle has revealed the carbon footprint hidden inside Christmas present deliveries.

Selectricity enables businesses to browse online for local generators such as wind and solar farms

Britain's first online renewable energy marketplace launched by Good Energy

Businesses can now choose how and where their electricity is generated through the UK's first online marketplace for renewable energy, launched by independent supplier Good Energy this week.

Speaking at an event in Frankfurt, Carbon Trust chief executive Tom Delay suggested that current markets aren’t acting as a catalyst for low-carbon deployment

New business models required to move away from resource inefficiency, says Carbon Trust chief

Businesses must capitalise on the positive momentum of the ratification of the Paris Agreement on climate change by introducing new business models that place low-carbon energy and resource efficiency at the heart of operations.

According to Forum For the Future's David Bent, the rise in technology and new business models would create a competitive advantage for those that embrace change with open arms

Disruptive technology: The 'great hope' for widespread business model shake-ups

EXCLUSIVE: The unstoppable rise of "disruptive" technology such as cloud storage and the Internet of Things (IoT) will inevitably pave way for new and more sustainable business models, but entire industries will have to embrace this transitional period in different ways to accelerate the shift towards a circular and sharing-based economy.

Global wildlife populations have halved over the past 40 years, while significant economic gains have been made by businesses through the explotiation of the natural environment

Businesses remain unaware of natural capital impact, warns WWF

EXCLUSIVE: The majority of businesses are critically failing to address the impact of their operations on the world's depleting stock of natural resources, according to WWF-UK's director of advocacy.

Ford’s newly established City Solutions team will aim to expand these services worldwide as part of the Ford Smart Mobility initiative

Ford launches new shuttle and bike-sharing services as part of City Solutions initiative

Motor company Ford has created a new City Solutions team, which will seek to solve congestion issues in the world's busiest cities, starting in San Francisco where the acquisition of a crowd-sourced shuttle service will streamline transportation in the area.

Secretary of State for Business, Energy and Industrial Strategy Greg Clark believes there is a “national opportunity” for industrial and infrastructure upgrades

Greg Clark: Britain's industrial strategy needs an upgrade fit for the future

Britain's industrial strategy will seek to provide easier routes to market for new business models and tap into the benefits of innovation and competition to allow for the creation of more sustainable products and services, Business and Energy Secretary Greg Clark has said.