| dc.description.abstract | Circular Economy (CE) has been a popular topic in many countries where its primary purpose is to push for a green, cyclical use of energy and material resources and diminish the challenges arising from limited resources, excessive waste and greenhouse gas (GHG) emissions. Many business corporations can start addressing these challenges by creating a supply chain that is working towards CE. A supply chain model contains every stage required to make and deliver products or services for the consumer; however, one transitioning to CE focuses on the reduction of energy, waste, and GHG emissions, and it also focuses on increasing the lifespan of products and other resources. The CE supply chain emphasizes on being environmentally friendly and transitioning to renewable energy. It is beneficial for a company to measure their CE performance as it tracks the waste and pollution, the lifespan of products and materials, helps aim towards a regenerative and restorative economy.
Metrics and specific indicators have been established to be used as measurements for CE. Because past studies and research have only focused on measuring CE at a national or product level, there is still ambiguity on which exact metrics are needed to measure CE in a business or supply chain level. This research is focused on delivering the metrics and indicators needed to measure CE at a business level and demonstrate visuals and analyzed data for a business. This will allow companies and small businesses to be more informed on their path to CE, contain visuals of the company’s energy consumption and track to CE, and have a record over their consumption on energy, waste, water, and GHG emissions to be able to compare and contrast with other companies. The current CE assessment tool is expected to be compared with the new toolbox. It will be able to compare the circularity of a company over a period of 5 years to other companies by adding the graphs and diagrams that track their performance. This will allow the shift and transition towards circular economy as companies will be able to see their progress and the areas that need improvement to reduce carbon emissions. By tracking their progress, companies will be able to eventually redesign their products and materials to increase the durability and reuse of it. With companies tracking their circularity and acting on it, the energy consumption can decrease and the product value can increase. | en |
