The EU-backed Eco-Innovation Observatory has ranked the UK eleventh out of 28 member states on eco-innovation and published a new guide to help SMEs capitalise on emerging opportunities.
The annually updated Eco-Innovation Scoreboard (ECO-IS) ranks the performance of EU member states against sixteen different indicators of eco-innovation, including government investment, innovation aimed at reducing material and energy input, resource efficiency, number of ISO 14001 certifications and the strength of green markets.
The newly published rankings for 2015 place the UK eleventh, behind Denmark, Finland, Ireland, Germany, Sweden, Luxembourg, France, Austria, Spain and Italy.
The UK ranks second place behind Luxembourg in resource efficiency, measured by material, energy and water productivity, but scored lower for specific eco-innovation activities.
Eco-innovation has become an important part of EU strategy and forms a key part of its circular economy plans.
To help SMEs make the most of the opportunities presented by eco-innovation and the transition to a circular economy, the Eco-Innovation Observatory has published an updated practical guide providing an overview of how to reconsider business models, develop new products or services, or improve production processes.
The guide summarises key business issues, lessons learnt by SMEs and best practice examples across six sections:
- Business model and value proposition
- Process innovation
- Product innovation
- Getting eco-innovation onto the market
- Online resources for eco-innovation.