Systematic Review of the Circular Economy Performance Assessment System Under International Management Paradigms

Abstract

Objective: To present a Systematic Literature Review (SLR) on Performance Evaluation in the Circular Economy (PECE), addressing its temporal evolution and critically analyzing the metrics found in empirical studies. Theoretical Framework: The research starts from theoretical contributions on the characteristics of a metric and the levels of performance assessment systems, compared with the evolution of performance assessment in the management of natural resources until we reach the circular economy. Method: Utilization of Systematic Literature Review following the Knowledge Development Process-Constructivist approach (ProKnow-C), assessing secondary data from articles comprising the Research Portfolio (RP). Results and Discussion: The literature presents a variety of circularity metrics at different scales, yet there is a predominance of individual metrics and a lack of comprehensive focus on Performance Evaluation Systems (PES). Research Implications: Identifies the need for more comprehensive and integrative metrics aligned with CE principles and capable of encompassing multiple levels of action. Future research has the potential to significantly enrich society by exploring the development of more comprehensive metrics, considering the interaction between levels of circularity and environmental performance. Originality/Value: Highlights the growing concern with metrics in the Circular Economy (CE), identifies gaps in understanding the full impacts of each approach in the supply chain, and underscores the need for more robust and integrative metrics aligned with CE principles.