Circular Economy Calculator

Abstract

The world has limited natural resources that are being depleted. Increasing landfill wastes and higher levels of pollutants can lead to environmental crises, such as climate change. Circular Economy (C.E.) concept can be one of the approaches to solve this issue. According to Ellen Macarthur foundation, "Circular Economy is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. C.E. looks beyond the current take-make-waste extractive industrial model." There is a current lack of literature in the methods to measure and assessing C.E., especially C.E. on the company-level. This work explores the measurement of the company-level Circular Economy (C.E.). Measuring C.E. help practitioners and policymakers to assess their company's C.E., which will help them acknowledge the areas that require more improvement in terms of circularity. A variety of C.E. indicators and metrics will be discussed, and C.E. indicators that cover the goals of C.E. will be selected. A toolbox is developed can assess the circularity on a company level. The toolbox is built on a website that will be publicly available to be used by all companies in different sectors. The results of the assessment will allow a comparison between the companies in the same sector. The developed toolbox presents the results in visual graphic plots and calculate the holistic Circular Economy metric index.