Circular Economy and Companies: Understanding the Characteristics and the Challenge of Measurement

Baumer-Cardoso, Marina I.; Campos, Lucila Maria de Souza; Ashton, Weslynne

doi:10.1007/978-3-030-78570-3_46

Cited by 3 publications

(11 citation statements)

References 16 publications

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“…Regarding social issues, some indicators address the generation of jobs in companies [4,15,34,36], an indicator that is not covered by the OCE index and this was a conscious choice. Job creation is an important aspect of the CE [2]; however, there is a need to explore the boundaries of job creation at the company, supply chain, and regional levels from a CE perspective and to establish a means by which to measure it [32]. Finally, Circulytics [5], MATChE [35], IOSBM [4], and CMT [17] metrics also bring in their questionnaires aspects related to company management and its relationship with CE and digitalization technologies.…”

Section: Discussionmentioning

confidence: 99%

“…Besides the above-mentioned characteristics, CE indices and indicators also should comprise important aspects to fully capture the CE at the company level. Baumer-Cardoso et al [32] defined six relevant characteristics, such as (i) reduced input and use of natural resources; (ii) increased share of renewable and recyclable resources; (iii) reduced emissions; (iv) fewer material and water losses/residuals; (v) keeping the value of products, component, materials, and assets in the economy; and (vi) promoting employee wellness and equity.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Currently, indicators for CE at the company level are less developed [19][20][21]. Although 100% coverage in all characteristics is not yet reached, authors are concerned with developing indicators that seek the greatest possible coverage when it comes to measuring the degree the CE in companies [32]. However, the small number of indicators found in the literature shows the low maturity of CE indicators for companies.…”

Section: Literature Reviewmentioning

confidence: 99%

“…So, in this phase, to define the CE characteristics at the company level, three iterative steps were defined. Step 2 comprised the definition of the CE characteristics for companies through an exploratory literature review and the work of [32] was chosen (see Table 1).…”

Section: Descriptive Study I Phasementioning

confidence: 99%

See 3 more Smart Citations

Measuring the Adoption of Circular Economy in Manufacturing Companies: the Proposal of the Overall Circularity Effectiveness (OCE) Index

2022

Self Cite

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Circular economy (CE) has emerged as a strong contender for illuminating the path toward sustainability. Although companies are seen as the most important agents of change, the definition of goals and indicators for assessing the adoption of CE at the company level is still in the early phases. A company that wants to contribute to the CE, whether due to the ambition of the stakeholders or legal requirements, needs to understand what is really within its responsibilities and sphere of influence. However, measuring and evaluating the performance of circularity is still not a common practice in companies. In this context, this paper presents the development of the Overall Circularity Effectiveness (OCE) index to assess the circularity level of manufacturing companies by analyzing inputs and outputs. The index was developed following the design research methodology (DRM) with interactions between theory and practice, based on literature review, survey with companies, development, testing, and evaluation with companies. The paper also presents an application of the proposed index into a case study and discusses its usability and usefulness, comparing it with the existing company-level CE measurement approaches. The OCE was constructed to be simple to understand, practical to calculate through quantitative measures, relevant to the CE context, and generic to be applied in any type or size of manufacturing company. Although the index was developed to be used by any manufacturing company, it was applied in only four companies and all with material from the technical cycle.

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Descriptive Study I Phasementioning

confidence: 99%

See 2 more Smart Citations

Measuring the Adoption of Circular Economy in Manufacturing Companies: the Proposal of the Overall Circularity Effectiveness (OCE) Index

2022

Self Cite

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“…The definition of goals and indicators for the assessment of the adoption of CE at the company level is very important [83]. A set of indicators that can be applied to circular business models aiming at covering innovations associated with CE can be based on, e.g., sustainability, CE principles and circular business model (e.g., Canvas Business Model) [84].…”

Section: The Importance Of Ce Assessment and Measurement Approaches F...mentioning

confidence: 99%

Company Perspectives on Circular Economy Management, Assessment and Reporting in the Kymenlaakso Region in Finland

Husgafvel

2023

Sustainability

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In general, circular economy development is about a system-level change towards significantly enhanced circularity and sustainability encompassing both biological and technical cycles. This study aimed at exploring, identifying, analyzing and synthesizing how companies in the Kymenlaakso region perceive circular economy management, assessment and reporting. This study applied a qualitative research approach using a questionnaire survey as the specific method. The responding companies are of many sizes and represent multiple sectors such as industry, construction and various services. This study addressed a clear gap in research on company-level perspectives. The results indicate that recycling and recovery of materials are perceived as particularly important by companies. In addition, the principles of CE (10Rs) are considered to be important by most companies. Essential management approaches encompass, for example, CE strategy and goals, business ecosystems and development of markets for recycled and recovered products and parts. Companies considered that recycling, recovery, waste minimization and utilization of waste as a raw material, as well as an increase in recycled content in products, reduction in disposable products and prevention of premature obsolescence, are important CE assessment and measurement approaches. For example, continuous reporting of CE as a part of online communication of companies (i.a. sustainability and responsibility), the definition of best practices and best available techniques for CE, and reporting in the whole supply and value chain were perceived as important ways to report CE. However, it is noteworthy that many of the studied aspects of CE were not perceived to be important by companies. Overall, this study contributes to a better understanding of the current state of and future outlook on circular economy development in the studied region and also highlights relevant management, assessment and reporting aspects from the perspective of local companies.

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Measuring the adoption of circular economy at the company level: usefulness and applicability of the OCE index

Baumer-Cardoso,

Campos,

Pigosso

et al. 2023

Journal of Industrial and Production Engineering

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Circular Economy and Companies: Understanding the Characteristics and the Challenge of Measurement

Cited by 3 publications

References 16 publications

Measuring the Adoption of Circular Economy in Manufacturing Companies: the Proposal of the Overall Circularity Effectiveness (OCE) Index

Measuring the Adoption of Circular Economy in Manufacturing Companies: the Proposal of the Overall Circularity Effectiveness (OCE) Index

Company Perspectives on Circular Economy Management, Assessment and Reporting in the Kymenlaakso Region in Finland

Measuring the adoption of circular economy at the company level: usefulness and applicability of the OCE index

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