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Evaluating Sustainability Through Resource Efficiency: A Case Study Of Circular Economy Practices In Three Companies

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  • Wael Brinsi

    (Alexandre Lamfalussy Faculty of Economics, University of Sopron, Hungary)

Abstract

The concept of a circular economy (CE) aims to develop a closed-loop system that strives to minimize waste, which adversely impacts the environment. Besides the positive impact on the environment, the adoption of CE generates economic, social, and cultural benefits that encourage companies to shift from linear ‘take-produce-use-dump’ to circular models of product. In this paper, we explore the implementation of CBMs in three companies from different industries including key factors contributing to the successful implementation of CBMs, benefits and challenges. Through an examination of best practices of the case studies from different sectors (Fashion, Manufacturing, Electronics), these companies have significantly enhanced resource efficiency and sustainability, demonstrating the viability and benefits of circular practices.

Suggested Citation

  • Wael Brinsi, 2024. "Evaluating Sustainability Through Resource Efficiency: A Case Study Of Circular Economy Practices In Three Companies," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 9(2), pages 106-118, September.
    • Handle: RePEc:ora:jrojbe:v:9:y:2024:i:2:p:106-118
    DOI: http://doi.org/10.47535/1991ojbe200
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    More about this item

    Keywords

    Circular Economy; sustainability; KPI; benefits and challenges.;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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