Measuring the Circular Economy for Companies: A Case Study of a Packaging Company in Vietnam
Main Article Content
Abstract
In the transition from a linear to a circular economy, measuring progress and tracking changes are essential. This study reviews the available methods to measure the circularity at a micro-level and conducts a pilot analysis of the Material Circularity Indicator for a packaging company in Vietnam. The resulted average Material Circularity Indicator is -0.4989 (< 0), implying a linear flow. However, the positive Material Circularity Indicator for 2 products indicates that a certain circularity has been initiated in the company. Most importantly, the in-depth analysis shows some opportunities to improve the Material Circularity Indicator thereby saving costs for the company.
Keywords:
Circular economy, companies, Material Circularity Indicator (MCI).
References
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Dong, D. T., & Cai, W. (2020). Life-cycle assessment of ships: The effects of fuel consumption reduction and light displacement tonnage. Proceedings of the Institution of Mechanical Engineers, Part M: Journal of Engineering for the Maritime Environment, 234(1), 143-153.
Ellen MacArthur Foundation (2015). Circularity Indicators - An Approach to Measuring Circularity: Methodology.
Ellen MacArthur Foundation (2020). Circulytics - Measuring Circularity.
Government of Vietnam (2009). TCVN ISO 14040: 2009 Environmental management - Life cycle assessment - Principle and framework.
Jonell, M., & Henriksson, P. J. G. (2015). Mangrove-shrimp farms in Vietnam—Comparing organic and conventional systems using life cycle assessment. Aquaculture, 447, 66-75.
Nam, N. H., Hue, H. T., & Phuong, N. T. B. (2019). Circular economy and the inevitable transition. VNU Journal of Science: Policy and Management Studies, 35(1), 21-28. https://doi.org/10.25073/2588-1116/vnupam.4189
Pavel, S. (2018). Circular economy: The beauty of circularity in value chain. Journal of Economics and Business, 1(4), 584-598. https://doi.org/10.31014/aior.1992.01.04.52
Saidani, M., Yannou, B., Leroy, Y., & Cluzel, F. (2017). How to assess product performance in the circular economy? Proposed requirements for the design of a circularity measurement framework. Recycling, 2(1), 6.
WBCSD (2020). Circular Transition Indicators V1.0: Metrics for business, by business.
WBCSD (2021). Circular Transition Indicators V2.0: Metrics for business, by business.