Indicator selection Sample Clauses

Indicator selection.Β First, a more general picture of how the CE indicator for fashion should look like is given. As already indicated in the introduction about circular fashion, Xxxxxx et al. (2017) indicated that there is a need for sector-specific indicators. The indicator is meant to be used on the level of the product, not the material, component, process or company. Based on the existing indicator table, it is clear that most of the existing CE indicators also focus on the product level. Another finding based on the literature review was that different researchers indicated the need for CE indicators that cover all three sustainability dimensions: (i) the economic dimension, (ii) the environmental dimension and (iii) the social dimension. The qualitative research also confirmed the need for CE indicators that cover multiple dimensions. However, since table 1 (see 2.4.5) shows that only a minority of the existing indicators covers all three dimensions, it might be challenging to come up with an index that also covers all of them. The selection and design of our indicator, which we will call the Circular Fashion Indicator (CFI), starts from the premise of covering all sustainability dimensions. Xxxx et al. (2018) started with a similar idea. They took a weighted sum of the economic impact and the environmental impact in order to build his Eco-Efficiency indicator (EEI): 𝐸𝐸𝐼 = 𝐼𝑒𝑐 . 𝑀𝑒𝑐 βˆ’ 𝐼𝑒𝑛𝑣 . 𝑀𝑒𝑛𝑣 . Since the goal of this study is to find an indicator that covers all dimensions, I extended the formula of EEI with the social dimension. Hence, we aim to build the Circular Fashion Indicator by this formula: 𝐢𝐹𝐼 = 𝐼𝑒𝑐 . 𝑀𝑒𝑐 + 𝐼𝑒𝑛𝑣 . 𝑀𝑒𝑛𝑣 + πΌπ‘ π‘œπ‘ . π‘€π‘ π‘œπ‘ Notice that Xxxx et al. (2018) used a minus sign between the economic impact and the environmental impact. This is because they only measured the negative impact on the environment.
Sample 1
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