Measurement and Structural Assessment of Circular Economy Model

Abstract

Circular Economy model of sustainable development is the self- referring mechanism which aims at extending the life of resources. The circular economy mechanism is gaining popularity across the globe and organisations have started measuring their circularity. The present study aims to develop a Comprehensive framework (CFA) for CE and assess the measurement and structural model of the CE Framework. For the purpose of the study a questionnaire was developed based on the seven pointer Likert scale and distributed across Nifty 100 Organisations. The model was measured and assessed using Smart PLS Software on the basis of 180 responses received. The CFA(Comprehensive Framework Analysis)model for CE is an integrated tool for conducting empirical investigations across organisations and countries to measure the extent of CE environment and develop a ranking framework for its implementation