A quantitative and holistic circular economy assessment framework at the micro level

Baratsas, Stefanos G.; Pistikopoulos, Efstratios N.; Avraamidou, Styliani

doi:10.1016/j.compchemeng.2022.107697

Cited by 26 publications

(7 citation statements)

References 46 publications

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Section: Introductionmentioning

confidence: 99%

“…Other key characteristics of circularity are increasing the share of renewable resources by limiting the use of virgin materials and increasing the durability of products through high-quality recycling. 27 In this work, we conduct a detailed LCA study of STRAP processes; our goal is to identify if recycling ML films via STRAP can bring benefits over virgin resin products (thus enabling more circular economies). To do so, we evaluate diverse environmental impacts (carbon footprint, energy use, water use, and toxicity) of STRAP and compare them to those of virgin resin production.…”

Section: Introductionmentioning

confidence: 99%

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Quantifying the environmental benefits of a solvent-based separation process for multilayer plastic films

et al. 2023

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Quantifying the environmental benefits of a solvent-based separation process for multilayer plastic films

et al. 2023

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“…With regard to the reporting purpose, GRI Standards have been recently adopted to communicate a large set of business activities pursuing the principles of sustainable development (Lozano, 2020). Their efficacy has been proven for exploring green logistics activities and performance indicators (Karaman et al , 2020), strategies and activities for bioeconomy implemented by European food retailers (Istudor and Suciu, 2020), CE issues in the energy sector (Janik et al , 2020), and for designing CE indicators at the level of supply chain (Secco et al , 2020) and single product (Baratsas et al , 2022).…”

Section: Literature Backgroundmentioning

confidence: 99%

Adopting GRI Standards for the Circular Economy strategies disclosure: the case of Italy

Massari

Giannoccaro

2023

SAMPJ

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Purpose Circular economy (CE) disclosure is becoming urgent for firms, but an accepted and recognized approach to address it is still missing, especially at small and medium enterprises (SMEs) level. This study aims to contribute to this issue by exploring the potential of the adoption of Global Reporting Initiative (GRI) Standards as a standardized approach for CE disclosure. The paper proposes a framework that identifies the existence of specific relationships between the topics included in GRI 300 Standards and CE strategies, which can be considered as managerial guidelines for CE strategy disclosure by companies. Design/methodology/approach The paper uses an explorative research methodology based on the content analysis of secondary data taken from the sustainability reports of the SMEs listed in STAR segment of Borsa Italiana. Findings The analysis shows that GRI Standards are currently adopted to disclose the CE strategies by Italian SMEs across different economic sectors including construction, food, automotive, retail, personal and household goods, industrial goods and services, electronics, media and technology. In particular, GRI 301 is used for the disclosure about Recycling, Reuse, Reverse logistics, Industrial Symbiosis, Eco-Design, Product as a Service and Refurbishing/Reconditioning/Remanufacturing. GRI 302 is suited to disclose CE strategies about Eco-Design, Renewable Energy and Industrial Symbiosis. GRI 303 can be useful to disclose about Reuse and Industrial Symbiosis. GRI 305 is appropriate for Eco-Design, Renewable Energy, Product as a Service, Industrial Symbiosis and Recycling. Finally, GRI 306 is useful to communicate the CE strategies of Recycling, Reuse, Reverse Logistics, Eco-Design, Industrial Symbiosis, Maintenance/Repair, Refurbishing/Reconditioning/Remanufacturing. Practical implications The paper includes implications concerning how to report the implementation of a wide range of CE practices, mainly using GRI 301, 302, 303, 305 and 306. These implications are mainly addressed to SMEs in different economic sectors. Social implications The use of the proposed framework, by improving the transparency and communication of the CE strategies used by companies, may contribute to accelerate the consumer awareness on CE practices fostering the CE transition, especially of SMEs, with a positive effect on society and environment. Originality/value This study extends the literature on CE by developing one among the few standardized approaches using the GRI Standards for the disclosure of CE strategies, a topic mainly investigated in the literature with reference to large companies in a few industries. The framework is also useful to explore the implementation of CE strategies across SMEs in different industrial sectors.

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“…Although it presents limitations and simultaneously adopts various approaches to evaluate performance in CE, recent literature stands out for its enrichment with a diversity of circularity metrics. These metrics span various scales, such as nano (products), micro (companies), meso (industrial symbiosis), and macro (governments), as evidenced by Baratsas et al (2022), Calzolari et al (2022) e de Oliveira et al (2021).…”

Section: Introductionmentioning

confidence: 99%

Systematic Review of the Circular Economy Performance Assessment System Under International Management Paradigms

Lopes,

Lima,

Bonilla

et al. 2024

RGSA

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Objective: To present a Systematic Literature Review (SLR) on Performance Evaluation in the Circular Economy (PECE), addressing its temporal evolution and critically analyzing the metrics found in empirical studies. Theoretical Framework: The research starts from theoretical contributions on the characteristics of a metric and the levels of performance assessment systems, compared with the evolution of performance assessment in the management of natural resources until we reach the circular economy. Method: Utilization of Systematic Literature Review following the Knowledge Development Process-Constructivist approach (ProKnow-C), assessing secondary data from articles comprising the Research Portfolio (RP). Results and Discussion: The literature presents a variety of circularity metrics at different scales, yet there is a predominance of individual metrics and a lack of comprehensive focus on Performance Evaluation Systems (PES). Research Implications: Identifies the need for more comprehensive and integrative metrics aligned with CE principles and capable of encompassing multiple levels of action. Future research has the potential to significantly enrich society by exploring the development of more comprehensive metrics, considering the interaction between levels of circularity and environmental performance. Originality/Value: Highlights the growing concern with metrics in the Circular Economy (CE), identifies gaps in understanding the full impacts of each approach in the supply chain, and underscores the need for more robust and integrative metrics aligned with CE principles.

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A quantitative and holistic circular economy assessment framework at the micro level

Cited by 26 publications

References 46 publications

Quantifying the environmental benefits of a solvent-based separation process for multilayer plastic films

Quantifying the environmental benefits of a solvent-based separation process for multilayer plastic films

Adopting GRI Standards for the Circular Economy strategies disclosure: the case of Italy

Systematic Review of the Circular Economy Performance Assessment System Under International Management Paradigms

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