The construction industry is among the sectors that need closer attention due to their environmental impact. The Circular Economy (CE) model promotes the transition to more sustainable production models, which are based on careful management of resources and the reduction of negative externalities generated by such businesses. Its application in this industry can foster significant improvements in sustainability. However, the measurement of the degree of implementation of CE is difficult, owing to an absence of psychometrically sound measures. In this paper, the development of the CE scale for the building industry was described, treated as an instrument that allows for a direct measurement of the importance of CE for companies. The processes used to generate items by applying the e-Delphi research technique were explained in the article, and the developed scale was tested and validated through confirmatory factor analysis (CFA). The final construction is composed of seven different weighted dimensions: four related to Resource Management: 3Rs (Reduce, Reuse, and Recycle), Efficient Management of Energy, Water, and Materials; two dimensions regarding environmental impact: Emissions and Wastes generated; and, one providing indicators of transition to the CE.

Excessive and progressive industrialization is creating significant economic gaps, whereas large quantities of natural resources are used, and a lot of waste is created. Circular Economy (CE) aims to convert the so-called linear economy paradigm. Changes in legal regulations, business models, and construction methods are necessary for an effective CE implementation. This article aims to attract the attention of key players of the construction sector to a phenomenon of the CE. Basic conditions, a company should meet to perform an effective transformation towards the CE, were described. A hybrid, qualitative-quantitative methodology was used to research. First, a literature review is performed to describe a specificity of the construction industry and features of the construction companies in Poland. Second, a conceptual framework is developed to describe emerging CE business models. Third, a simulation-based analysis is developed to check a propensity of the construction companies to implement the CE and enhance its meaning in different types of economies. Finally, underlying a company’s condition as a factor of propensity to implement the CE, it must be noted that stable economies show higher predictability and therefore are more likely to implement principles of the CE than unstable ones. It is concluded that the European Commission should implement new rules, based on promoting closed-loop economy principles, for partnership agreements on the European structural and investment funds in the future. Especially the recommendations given in the article constitute an important contribution of the authors to the development of knowledge about CE in the construction sector.

This paper examines the effect of energy consumption, globalization, and economic growth on the CO₂ emission of the BRICS (Brazil, Russian Federation, India, China and South Africa) region. Using annual data from 1989 to 2019, this research applies a panel cointegration approach. In this framework, we use Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) methods to examine the long-run relationship between the selected variables. This empirical investigation reveals that there is a long-run association between these variables, and energy consumption positively and significantly affects the carbon emission in these countries. These results indicate that energy consumption is the primary source of environmental degradation in the region. In contrast, the globalization (KOF Index of Globalization) negatively and significantly affects the carbon emission, implying the improvement of environmental quality. Further, this research could not find the presence of environmental Kuznets curve in the region. Policy guidelines are suggested in the line of findings.

Society and the business world are paying more and more attention to the Circular Economy (CE) principles. The construction industry is no stranger to this issue, and the companies are transitioning towards sustainable production models. However, it is not easy to predict when and to what extent a company implements the CE. To measure this process, a scorecard, that includes the main Key Performance Indicators (KPIs) of the construction industry, related to the CE, was designed. Thus, the objective of this article is to design and test the CE-dashboard applicable to the construction industry. To do it, firstly, a literature review is performed. The next step is the selection of the KPIs collected in the literature, more suitable for reporting information about CE. Afterwards, a simulation based on the Monte Carlo technique performs. After multiple iterations, this method establishes the most probable KPI values as a result, which will be confronted with the limits used in the scorecard. With all this information, the dashboard emerges in Qlik software. Finally, a test of this dashboard takes place according to the information about KPIs from one of the leading Spanish companies (General Contractor (GC) building company). This step brings the validity of the created measurement instrument.

COVID-19 has significantly affected the financial and commodity markets. The purpose of this investigation is to understand the impact of the COVID-19 crisis on Dow Jones and West Texas Intermediate (WTI) oil returns in relation to other crises using the Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) model. The results indicate that COVID-19 and the accompanying lockdown have adversely impacted both yields and that the impact on oil prices is more significant than on the Dow Jones index. The variance and squared residuals of oil prices and the Dow Jones reached their highest historical levels during the COVID-19 outbreak, even higher than during the global financial crisis, and especially the VaR of both markets reached their historical peak points during the COVID-19 era. The variance of WTI during COVID-19 is higher than that of DJI, as was also the case during the financial crisis. These findings confirm that COVID-19 has negatively impacted investors’ ability to determine optimal portfolios and thus the sustainability of financial and energy markets more than the global financial crisis of 2007–2009. We, therefore, suggest that policy changes are needed to maintain financial sustainability and help investors deal with future financial and other crises.

The high environmental impact of bridge construction causes numerous dilemmas in decision making related to the choice of the best material and technological solutions and their consequences in subsequent phases. These decisions adopt from the management condition the successful investment in this type of project. A bridge construction project includes consecutive stages: design, construction, operation/maintenance, and decommissioning. The latter usually involves the demolition of the infrastructure, generating elements that cannot be reused. This waste-generating linear production process must be urgently replaced by closed-loop production, framed within the Circular Economy (CE) philosophy that provides a practical response to the challenges related to sustainable development goals (SDGs). This document performs an analysis of case studies in an attempt to sort out the management challenges related to the construction, operation and decommissioning of bridges. The research is based on a questionnaire carried out among civil engineering project managers and explores the possibility of adapting the principles of the Circular Economy in bridge construction projects, especially in the context of the traceability of construction materials used for the construction.