Author(s): Cheeranun Naksomsong, Tharinee Pongsupatt
A Circular Economy (CE), an integral approach to sustainable development, requires cooperation between all the sectors involved in the supply chain. In this process, the disclosure of CE information, coupled with governmental support, will serve as the driving force behind the achievement of desirable outcomes. The objective of the present study was to examine the effects of CE information disclosure on the corporate financial performance of companies listed on the Stock Exchange of Thailand (SET) between 2016 and 2019. The research instrument was a CE information disclosure checklist. It was found that the score for CE information disclosure relating to recycling equaled 0.5 out of 3.0, demonstrating that adherence to this important CE principle was extremely limited. However, an exploration of innovation aspect for CE information disclosure, revealed positive relationships with gross profit margins, and net profit margins. Based on the findings, it is recommended that governmental agencies orchestrate collaboration between all the sectors involved and devise appropriate measures in order to produce desirable outcomes according to the Bio-Circular-Green (BCG) economy model. It is also advisable that business owners encourage product and service innovation that catalyzes progress toward CE and ultimately the realization of sustainable development goals.