TY - JOUR
T1 - Performance assessment of construction companies for the circular economy
T2 - A balanced scorecard approach
AU - Torgautov, Beibut
AU - Zhanabayev, Asset
AU - Tleuken, Aidana
AU - Turkyilmaz, Ali
AU - Borucki, Chet
AU - Karaca, Ferhat
N1 - Funding Information:
The authors acknowledge the financial support from the Nazarbayev University Faculty Development Competitive Research Grant Program (Funder Project Reference: 280720FD1904 ).
Publisher Copyright:
© 2022 Elsevier Ltd
PY - 2022/9
Y1 - 2022/9
N2 - The construction sector and the industries comprising it are among the most significant contributors to waste generation worldwide. The recently introduced concept of the Circular Economy (CE) offers a promising opportunity to reduce construction and demolition waste (C&DW). However, potent CE strategies and tools concerning formulation and implementation are in the nascent stage of development. This study aims to create a strategic development framework to identify and select specific CE actions and measures and then employ them to address C&DW problems in the construction sector. The methodology is based on applying a “generic” balanced scorecard (BSC) for construction companies in emerging economies, using the case of Kazakhstan. First, following a review of the literature, several relevant CE measures are selected and then prioritized in terms of their importance by a sample of industry professionals. Respondents also indicate the extent to which CE practices are employed by their companies. Next, the data are analyzed to assess the perspectives of business stakeholders on CE in the construction sector. Finally, a BSC tool is developed, and feasible strategies are proposed that can be implemented to achieve a high level of circularity. The tool developed from this research initiative should be applicable for measuring C&DW performance in emerging markets similar to Kazakhstan. The practices rated as the most important are: C&DW transportation cost (Ix = 3.15), adoption of CE to decrease C&DW (Ix = 3.14), management by each contractor of their own C&DW (Ix = 3.39), accurate material estimation (Ix = 3.84), internal knowledge sharing (Ix = 3.59). Practices identified as the most frequently employed are: paying fines for improper treatment of C&DW (89 %), compliance with environmental legislation (91 %), following correct construction methods and sequence (94 %) and using prefabricated structures (94 %), and access for education, particularly, waste processing (94 %).
AB - The construction sector and the industries comprising it are among the most significant contributors to waste generation worldwide. The recently introduced concept of the Circular Economy (CE) offers a promising opportunity to reduce construction and demolition waste (C&DW). However, potent CE strategies and tools concerning formulation and implementation are in the nascent stage of development. This study aims to create a strategic development framework to identify and select specific CE actions and measures and then employ them to address C&DW problems in the construction sector. The methodology is based on applying a “generic” balanced scorecard (BSC) for construction companies in emerging economies, using the case of Kazakhstan. First, following a review of the literature, several relevant CE measures are selected and then prioritized in terms of their importance by a sample of industry professionals. Respondents also indicate the extent to which CE practices are employed by their companies. Next, the data are analyzed to assess the perspectives of business stakeholders on CE in the construction sector. Finally, a BSC tool is developed, and feasible strategies are proposed that can be implemented to achieve a high level of circularity. The tool developed from this research initiative should be applicable for measuring C&DW performance in emerging markets similar to Kazakhstan. The practices rated as the most important are: C&DW transportation cost (Ix = 3.15), adoption of CE to decrease C&DW (Ix = 3.14), management by each contractor of their own C&DW (Ix = 3.39), accurate material estimation (Ix = 3.84), internal knowledge sharing (Ix = 3.59). Practices identified as the most frequently employed are: paying fines for improper treatment of C&DW (89 %), compliance with environmental legislation (91 %), following correct construction methods and sequence (94 %) and using prefabricated structures (94 %), and access for education, particularly, waste processing (94 %).
KW - Central Asia
KW - Strategic planning
KW - Sustainable development
KW - Sustainable development goal 11
KW - Sustainable development goal 9
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U2 - 10.1016/j.spc.2022.08.021
DO - 10.1016/j.spc.2022.08.021
M3 - Article
AN - SCOPUS:85136528278
SN - 2352-5509
VL - 33
SP - 991
EP - 1004
JO - Sustainable Production and Consumption
JF - Sustainable Production and Consumption
ER -
