Critical appraisal of the circular economy standard BS 8001:2017 and a dashboard of quantitative system indicators for its implementation in organizations

Here a general system definition for deriving CE indicators is proposed. Based on the system definition and the indicator literature a dashboard of new and established quantitative indicators for CE strategy assessment in organizations is then compiled. The dashboard indicators are mostly based on material flow analysis (MFA), MFCA, and LCA. Steel cycle data are used to illustrate potential core CE indicators, notably, the residence time of a material in the techno-sphere (currently 250-300 years for steel). Moreover, organizations need to monitor their contribution to in-use-stock growth, a central driver of resource depletion and hindrance to closing material cycles.