Sustainability reports as a tool for measuring and monitoring the transition towards the circular economy of organisations: Proposal of indicators and metrics

Ibáñez-Forés, Valeria; Martínez-Sánchez, Virginia; Valls-Val, Karen; Bovea, Marı́a D.

doi:10.1016/j.jenvman.2022.115784

Cited by 26 publications

(18 citation statements)

References 42 publications

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“…Consequently, credibility and relevance of the assessment are heightened. Furthermore, questionnaires can be designed for tracking sustainability performance changes over time (Harun et al, 2023; Ibáñez‐ Forés et al, 2022). Regular administration of the questionnaire enables organizations to measure progress, pinpoint areas for enhancement, and make informed decisions to improve ESG practices (Jin & Kim, 2022a; Zopounidis et al, 2020).…”

Section: Discussionmentioning

confidence: 99%

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

Barbosa,

Crispim,

da Silva

et al. 2024

Bus Strat Env

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Evaluation of corporate sustainability parameters has become part of organizational management. Item Response Theory (IRT) serves as a valuable approach for quantifying and exploring observable variables associated with these parameters. Therefore, this article aims to propose, apply, and validate an instrument utilizing IRT to measure environmental, social, and governance (ESG) impacts on corporate sustainability performance, using the perspective of workers. Workers were chosen as key stakeholders for the present study, as they were pointed by previous research as central to corporate sustainability decisions. The present paper addresses a literature gap by introducing, implementing, and validating a research instrument, along with a comparative scale, to assess the effects of integrating ESG criteria on corporate sustainability performance. Workers of two major Brazilian electricity sector companies were respondents for this instrument. Multigroup IRT method was used to assess item discrimination and difficulty levels, and to construct a scale reflecting workers' perceptions of integrating ESG criteria. The questionnaire consisted of 15 items, demonstrating Content Validity Coefficients (CVC) above .97, confirming the instrument's content effectiveness. Cronbach's Alpha and McDonald's Omega were greater than .94 for both companies. Questionnaire items demonstrated satisfactory discrimination ability and varying difficulty levels, resulting in a five‐level scale to gauge the impacts of ESG criteria. This research contributes through the introduction and validation of the research instrument, the latent trait assessment scale, and the evaluation of workers' perceptions regarding ESG criteria impacts on corporate sustainability performance. In conclusion, the proposed instrument showed robust psychometric properties, displaying favorable reliability and validity parameters. It effectively measures the impacts of ESG criteria, providing interpretable levels aligned with the unique characteristics of its constituent items

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Section: Discussionmentioning

confidence: 99%

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

Barbosa,

Crispim,

da Silva

et al. 2024

Bus Strat Env

View full text Add to dashboard Cite

show abstract

“…Among the analysed frameworks, GRI (2019) and ECG (2017) are those whose indicators cover more social aspects. This could be one of the main reasons why GRI ( 2019) is the most used framework to communicate information concerning the environmental and social performance of organisations (Ibáñez-Forés et al, 2022). Despite of that, according to Ackers and Grobbelaar (2022), it is needed to reduce ambiguity in this framework to improve the consistency and comparability of the resultant sustainability reports.…”

Section: Discussionmentioning

confidence: 99%

“…Therefore, organisations need better guidance in order to harness the full potential of SR as a tool to redirect the business towards more ethical models and meaningfully account to stakeholders about the impact on society and environment of their activities (Ackers and Grobbelaar, 2022). However, not only guidance but also motivation and awareness are key factors in improving the transparency of companies (Ibáñez-Forés et al, 2022).…”

Section: Discussionmentioning

confidence: 99%

“…Gallego (2006), Pacheco et al (2020) and Putri et al (2020) also highlighted significant differences among sectors when social information was disclosed, identifying the financial services sector as the one that communicates the most social information (Yakar Pritchard and Çalıyurt, 2021). However, according to Ibáñez-Forés et al (2022) the content analysis of SR belonging to Spanish organisations can therefore be considered an appropriate starting point to assess whether organisations are currently communicating information about their sustainability, since Spain was identified by Tarquinio et al (2018) as one of the European countries that elaborate the highest quality reports.…”

Section: Introductionmentioning

confidence: 99%

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How do organisations communicate aspects related to their social performance? A proposed set of indicators and metrics for sustainability reporting

Ibáñez-Forés

Martínez-Sánchez²,

Valls-Val³

et al. 2023

Sustainable Production and Consumption

Self Cite

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“…Saidani et al [37] point out that finding suitable indicators can be a difficult task considering the large number of existing CE indicators but argue that it could be facilitated by the design of appropriate planning schemes and an associated selection tool. In another article, Ibáñez-Forés et al [57] created a methodology measure and monitored the transition toward a circular economy in the studied organizations. In a recent paper, Kulakovskaya et al [58] propose indicators of circularity of supply chain value, which include mid-level economic indicators.…”

Section: Conceptual Framework and Classification For Circular Economy...mentioning

confidence: 99%

Circular Economy 4.0 Evaluation Model for Urban Road Infrastructure Projects, CIROAD

2023

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This paper provides a multicriteria evaluation model, based on the AHP methodology for the evaluation of the Circular Economy 4.0’s, which develops the metric called “Circularity indicator for urban road projects (CIROAD)”. The main contribution of this work is to provide a measurement scale specifically designed for urban road infrastructure projects. It is a useful tool to assess the degree of implementation of the principles of the Circular Economy (CE) and the Fourth Industrial Revolution (I4.0) in an integrated manner in these types of projects, generating valuable information for all stakeholders and contributing to the objective of accelerating the transition towards a Circular Economy 4.0 model in the construction industry. The model is defined with twenty-five sub-criteria and seven general criteria, which are: (1) Circular Materials; (2) Circular Design Approaches; (3) Circular Construction Approaches; (4) Circular Operation Approaches; (5) Approaches to Deconstruction and Resource Recovery; (6) Social Value Creation; and (7) Economic Performance. The developed CIROAD model was applied to three projects in the urban transport area of the Chilean Ministry of Housing and Urbanism (MINVU/SERVIU) in the Santiago Metropolitan Region (RM). In these three projects, low performance was observed in terms of CIROAD scores (between 21% and 28% of a maximum of 100%); that is, there is a significant opportunity for improvement by incorporating more circular practices in the development of projects by the studied organization. To accelerate the transition to a circular economy model in the development of its projects, it is proposed that the organization prioritize improving the following circular practices (in order of importance): (1) the design of pavements with environmental criteria; (2) preserving value; (3) conducting cost–benefit analysis (CBA) of waste management; (4) environmental declaration of materials (EPD); (5) the used of recycled materials; and (6) BIM-based design. Finally, the suggestion for the organization in charge of these projects is to use the developed CIROAD model as a tool to support decision making regarding the prioritization of its project portfolio. That is, the organization should use CIROAD to generate a ranking score for each project and allocate resources for investment in the initiatives that show the best circularity performances, as estimated by CIROAD.

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Sustainability reports as a tool for measuring and monitoring the transition towards the circular economy of organisations: Proposal of indicators and metrics

Cited by 26 publications

References 42 publications

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

How do organisations communicate aspects related to their social performance? A proposed set of indicators and metrics for sustainability reporting

Circular Economy 4.0 Evaluation Model for Urban Road Infrastructure Projects, CIROAD

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