Implications of developing a tool for sustainability screening of circular economy initiatives

Mariia Kravchenko*, Tim C. McAloone, Daniela C. A. Pigosso

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

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Abstract

Circular economy seems to offer abounding opportunities for companies that are seeking to optimize their business practices while reducing the environmental burden. Circular economy therefore is often seen as a stepping-stone towards sustainability. However, to ensure the transition from linear to circular economy in a sustainable way, a shift requires implementation of not only financially beneficial circular strategies, but also environmentally and socially valuable ones. The challenge for companies is to understand how a particular circular initiative in their business context contributes to sustainability and what elements of sustainability have to be assessed prior to the initiative implementation. This paper illustrates how an indicator-based sustainability screening tool for circular economy initiatives can guide companies in their decision making towards a more sustainable circular initiative choice. In addition, the paper highlights challenges of measuring sustainability in a circular economy context.
Original languageEnglish
JournalProcedia CIRP
Volume80
Pages (from-to)625-630
ISSN2212-8271
DOIs
Publication statusPublished - 2019
Event26th CIRP Conference on Life Cycle Engineering - Purdue University, West Lafayette, United States
Duration: 7 May 20199 May 2019

Conference

Conference26th CIRP Conference on Life Cycle Engineering
LocationPurdue University
CountryUnited States
CityWest Lafayette
Period07/05/201909/05/2019

Keywords

  • Sustainability screening
  • Circular economy
  • Indicators for sustainability
  • Micro-level
  • Business processes
  • Life cycle thinking

Cite this

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title = "Implications of developing a tool for sustainability screening of circular economy initiatives",
abstract = "Circular economy seems to offer abounding opportunities for companies that are seeking to optimize their business practices while reducing the environmental burden. Circular economy therefore is often seen as a stepping-stone towards sustainability. However, to ensure the transition from linear to circular economy in a sustainable way, a shift requires implementation of not only financially beneficial circular strategies, but also environmentally and socially valuable ones. The challenge for companies is to understand how a particular circular initiative in their business context contributes to sustainability and what elements of sustainability have to be assessed prior to the initiative implementation. This paper illustrates how an indicator-based sustainability screening tool for circular economy initiatives can guide companies in their decision making towards a more sustainable circular initiative choice. In addition, the paper highlights challenges of measuring sustainability in a circular economy context.",
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author = "Mariia Kravchenko and McAloone, {Tim C.} and Pigosso, {Daniela C. A.}",
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Implications of developing a tool for sustainability screening of circular economy initiatives. / Kravchenko, Mariia; McAloone, Tim C.; Pigosso, Daniela C. A.

In: Procedia CIRP, Vol. 80, 2019, p. 625-630.

Research output: Contribution to journalJournal articleResearchpeer-review

TY - JOUR

T1 - Implications of developing a tool for sustainability screening of circular economy initiatives

AU - Kravchenko, Mariia

AU - McAloone, Tim C.

AU - Pigosso, Daniela C. A.

PY - 2019

Y1 - 2019

N2 - Circular economy seems to offer abounding opportunities for companies that are seeking to optimize their business practices while reducing the environmental burden. Circular economy therefore is often seen as a stepping-stone towards sustainability. However, to ensure the transition from linear to circular economy in a sustainable way, a shift requires implementation of not only financially beneficial circular strategies, but also environmentally and socially valuable ones. The challenge for companies is to understand how a particular circular initiative in their business context contributes to sustainability and what elements of sustainability have to be assessed prior to the initiative implementation. This paper illustrates how an indicator-based sustainability screening tool for circular economy initiatives can guide companies in their decision making towards a more sustainable circular initiative choice. In addition, the paper highlights challenges of measuring sustainability in a circular economy context.

AB - Circular economy seems to offer abounding opportunities for companies that are seeking to optimize their business practices while reducing the environmental burden. Circular economy therefore is often seen as a stepping-stone towards sustainability. However, to ensure the transition from linear to circular economy in a sustainable way, a shift requires implementation of not only financially beneficial circular strategies, but also environmentally and socially valuable ones. The challenge for companies is to understand how a particular circular initiative in their business context contributes to sustainability and what elements of sustainability have to be assessed prior to the initiative implementation. This paper illustrates how an indicator-based sustainability screening tool for circular economy initiatives can guide companies in their decision making towards a more sustainable circular initiative choice. In addition, the paper highlights challenges of measuring sustainability in a circular economy context.

KW - Sustainability screening

KW - Circular economy

KW - Indicators for sustainability

KW - Micro-level

KW - Business processes

KW - Life cycle thinking

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DO - 10.1016/j.procir.2019.01.044

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VL - 80

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EP - 630

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