Search

Implementing Circular Economy (CE) strategies has recently become one of the essential strategies for sustainable development and corporate social responsibility. However, despite the promising role and potential benefits of the CE for companies and society, there has still been insufficient analysis examining the challenges for circular transition faced by micro, small, and medium-sized enterprises (MSMEs) and the role that standards, such as British Standard (BS) 8001:2017, play during the transition process from linear to circular economy practices. Given this context and to further increase our understanding of the factors preventing the transition from linear to CE, this study aims to assess the CE implementation in MSMEs in developing economies in light of BS 8001:2017 through a survey with Brazilian MSMEs. The primary findings emphasize that CE practices from the Administration dimension occupied top positions in the ranking of implementation, along with one practice from the Innovation dimension. However, the results show that several practices associated with Transparency and Product Optimization in the value chain held the last level of evidence of implementation. Findings suggest that assessing MSMEs through BS 8001:2017 is beneficial for aiding them in analysing and reconsidering their practices related to the conventional linear business models of take-use-dispose. Collectively, the findings improve our understanding of the level of adoption of CE components implementation, the most and the least adopted practices during the CE transition. The study also provides implications for policy, theory, and practical applications in cases where there is an interest in assessing the maturity of CE implementation within MSMEs in developing economies. [ABSTRACT FROM AUTHOR]