Diagnostic Study to Evaluate the Degree of Development of the Circular Economy in Chilean Companies through the Application of a 5D Model

Juan Carlos Armijos Armijos, Karen L. Ziller Carvajal, Paola von-Bischoffshausen León () and Alex Araya Mena
Additional contact information
Juan Carlos Armijos Armijos: School of Auditing and Management Control, Faculty of Economics and Business, Universidad Santo Tomas, Av. Ejercito Libertador, 146, Santiago 7510000, Chile
Karen L. Ziller Carvajal: School of Auditing and Management Control, Faculty of Economics and Business, Universidad Santo Tomas, Av. Ejercito Libertador, 146, Santiago 7510000, Chile
Paola von-Bischoffshausen León: Department of Auditing, Accounting and Management Control, Faculty of Economics and Administration, Universidad Católica del Norte, Av. Angamos, 0610, Antofagasta 1240000, Chile
Alex Araya Mena: Department of Auditing, Accounting and Management Control, Faculty of Economics and Administration, Universidad Católica del Norte, Av. Angamos, 0610, Antofagasta 1240000, Chile

Sustainability, 2024, vol. 16, issue 18, 1-23

Abstract: Recently, concepts such as sustainable development, corporate social responsibility, and the circular economy have gained considerable prominence, transforming production models and business practices. However, there remains a degree of uncertainty regarding the actual level of adoption of these initiatives by companies. The objective of this study is to assess the level of implementation of the circular economy in Chilean companies using a 5D model, applied through an assessment tool called “5D Circular”. This model analyzes five key business dimensions: finance, customers, internal processes, learning and growth, and conscious integration. The study was carried out on a sample of 90 companies, using a scale of 1 to 5, where 1 represents a very low level of development and 5 a very high level. The results show that the companies in the sample have achieved a high level of implementation of the circular economy. However, the dimensions of internal processes and conscious integration show a comparatively lower level of development compared to the dimensions of learning and growth and finance, which show a high level of development. It is worth noting that all companies show advanced knowledge and significant application of the circular economy.

Keywords: circular economy; strategy; assessment tool; entrepreneurial awareness management (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/18/8145/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/18/8145/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:16:y:2024:i:18:p:8145-:d:1480423

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().