Analysis of Circular Economy Practices in A Manufacturing Company

Abstract

Objective: This study aims to investigate circular economy practices in an organization in the manufacturing sector, with the aim of evaluating their impact on the company's maturity levels in relation to the circular economy. Theoretical Framework: The theoretical framework of this work is based on the concepts of the circular economy, which proposes the reduction, reuse, recovery and recycling of materials and energy at all stages of the product life cycle. Also noteworthy are the circular economy maturity assessment models, which allow measuring the level of implementation and integration of these practices in organizations. Method: The research was conducted through a documentary approach, using the sustainability reports of a large company in the manufacturing sector. The analysis was based on a specific maturity scale for the circular economy, evaluating the different stages of implementation of these practices by the company. Results and Discussion: The results revealed that the investigated company has circular economy practices predominantly in an intermediate stage of maturity. The discussion of the results emphasizes the importance of moving to more advanced stages of maturity to maximize the environmental and economic benefits of the circular economy. Research Implications: This research offers practical and theoretical insights into how companies can develop and improve their circular economy strategies. Implications include the need for more robust policies and practices to promote sustainability and efficiency in manufacturing. Originality/Value: This study contributes to the literature by highlighting the current stage of implementation of the circular economy in a large manufacturing company, highlighting areas for improvements and advancements. The research is valuable in providing a clear and detailed overview of the practices and challenges faced by organizations in the transition to the circular economy.