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Book part
Publication date: 9 November 2020

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Circular Economy in Developed and Developing Countries: Perspective, Methods and Examples
Type: Book
ISBN: 978-1-78973-982-4

Article
Publication date: 1 September 2016

Zhuorong Du

With the development of science and technology, the acceleration of urbanization, and the increasing prominence of eco-environmental problems, how to coordinate the relationship…

Abstract

With the development of science and technology, the acceleration of urbanization, and the increasing prominence of eco-environmental problems, how to coordinate the relationship between economic development and the natural environment becomes a research hotspot for related research institutions at home and abroad. Thus, we conducted research on the planning framework of the circular economy eco-city. We introduced the theoretical basis of circular economy and eco-city; analyzed the current situation of Wafangdian from the aspects of economy, environment, and society; and established the eco-city index evaluation system based on circular economy. We also employed principal component analysis to confirm the weighting of each index, evaluated the economic situation of Wafangdian using the sum of the weightings, analyzed the economic development status of the city from 2011 to 2015, and identified the advantages and disadvantages to the cycle of economic development in Wafangdian. Finally, we provided several suggestions on the circular economy in the construction of the Wafangdian eco-city from large, medium, and small hierarchies. Practices have shown that research on the planning framework of the circular economy eco-city has a positive effect on the sustainable development of humans and nature.

Details

Open House International, vol. 41 no. 3
Type: Research Article
ISSN: 0168-2601

Keywords

Article
Publication date: 20 September 2024

Halit Keski̇n and Emel Esen

This study examines the themes present in circular economy disclosures that are published in the integrated reports of banks and analyzes their readability scores.

Abstract

Purpose

This study examines the themes present in circular economy disclosures that are published in the integrated reports of banks and analyzes their readability scores.

Design/methodology/approach

From 2016 to 2022, a comparative analysis of the integrated reports from six publicly listed Turkish banks that are significant global players was conducted. A total of 21 reports were analyzed, for readability scores and their environmental disclosures from a circular economy perspective were calculated using textual and sentiment analysis techniques.

Findings

The findings of this study underscore the significant involvement of banks in key areas of the circular economy, such as waste management, renewable energy, emission reduction and sustainable financing. Moreover, the study also reveals that the readability of environmental disclosures in the analyzed integrated reports was generally low, suggesting that the information presented may challenge stakeholders and decision-makers and prevent full comprehension, thereby potentially impeding the most effective engagement by stakeholders with circular economy initiatives.

Originality/value

This study introduces a new approach to circular economy reporting by exploring the application of data analytics models when assessing readability within environmental disclosures. It specifically focuses on the context of integrated reporting within the banking sector, an area that has not yet been extensively explored. The study further underscores the importance of clear and concise communication when engaging stakeholders in circular economy efforts. The implications of this research for the banking and environmental sectors thus make this study a valuable addition to the existing literature.

Details

International Journal of Bank Marketing, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0265-2323

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Article
Publication date: 28 August 2024

Muyiwa Oyinlola, Oluwaseun Kolade, Patrick Schröder, Victor Odumuyiwa, Barry Rawn, Kutoma Wakunuma, Soroosh Sharifi, Selma Lendelvo, Ifeoluwa Akanmu, Timothy Whitehead, Radhia Mtonga, Bosun Tijani and Soroush Abolfathi

This paper aims to provide insights into the environment needed for advancing a digitally enabled circular plastic economy in Africa. It explores important technical and social…

Abstract

Purpose

This paper aims to provide insights into the environment needed for advancing a digitally enabled circular plastic economy in Africa. It explores important technical and social paradigms for the transition.

Design/methodology/approach

This study adopted an interpretivist paradigm, drawing on thematic analysis on qualitative data from an inter-sectoral engagement with 69 circular economy stakeholders across the continent.

Findings

The results shows that, while substantial progress has been made with regard to the development and deployment of niche innovations in Africa, the overall progress of circular plastic economy is slowed due to relatively minimal changes at the regime levels as well as pressures from the exogenous landscape. The study highlights that regime changes are crucial for disrupting the entrenched linear plastic economy in developing countries, which is supported by significant sunk investment and corporate state capture.

Research limitations/implications

The main limitation of this study is with the sample as it uses data collected from five countries. Therefore, while it offers a panoramic view of multi-level synergy of actors and sectors across African countries, it is limited in its scope and ability to illuminate country-specific nuances and peculiarities.

Practical implications

The study underlines the importance of policy innovations and regulatory changes in order for technologies to have a meaningful contribution to the transition to a circular plastic economy.

Originality/value

The study makes an important theoretical contribution by using empirical evidence from various African regions to articulate the critical importance of the regime dimension in accelerating the circular economy transition in general, and the circular plastic economy in particular, in Africa.

Details

Journal of Strategy and Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1755-425X

Keywords

Article
Publication date: 11 June 2024

T. Nagamalini and J. Reeves Wesley

The paper focusses on various ways of global circular economies’ resource optimisation. The paper examines corporations’ corporate social responsibility (CSR) initiatives in…

Abstract

Purpose

The paper focusses on various ways of global circular economies’ resource optimisation. The paper examines corporations’ corporate social responsibility (CSR) initiatives in bringing circularity. This paper identifies research gaps in waste management in linear economies such as India. It concludes with a proposition for waste management advocating the ADKAR model framework of change.

Design/methodology/approach

This paper reviews the academic repositories and reports to find answers to the circularity gaps. Databases such as Emerald, Web of Science and Springer were used to construct the theory. The author used keywords such as “circular economy”, “circular economy and SDG”, “circular economy and CSR”, and “circular economy and waste management” to locate the relevant literature to build the theory. Based on the theory, the waste management gap is identified and analysed.

Findings

The paper collates and examines the interdependency factors promoting circularity. An analysis of exemplary circular economies and corporations gives a pathway for linear economies. Finally, a framework is formulated for India’s transition from a linear to a circular economy using the best practices of different circular economies’ waste minimisation techniques. It summarises the findings of circular economies, formulating an ADKAR framework for waste management to aid circularity in India.

Research limitations/implications

This research must be validated with the practical implications of an economy’s ecosystem. The economies’ binding policies and statutory regulations must be gauged through valid metrics for each circular economy, ultimately determining its efficacy in transitioning from linear to circular economy.

Practical implications

The circularity in production and responsible consumption by all the stakeholders leads to sustainability. Embracing new sustainable practices, CSR initiatives will lead to circularity at the nano, micro, meso and macro levels for a populous economy such as India. The ADKAR model proposed can bring a positive change in India.

Social implications

The United Nations’ sustainability goal 12 (Responsible consumption and production) focusses on resource optimisation. This paper proposes ways to involve stakeholders to minimise waste at the source through a multi-level approach.

Originality/value

This paper attempts to assess an economy’s sustainability by analysing its circularity gaps and highlighting the best practices of circular economies. It also outlines the framework for circularity through waste reduction and minimisation using the ADKAR model.

Details

Management of Environmental Quality: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1477-7835

Keywords

Book part
Publication date: 19 April 2022

Lydia Bals, Wendy L. Tate and Lisa M. Ellram

A circular economy perspective embraces a systemic, cradle-to-cradle notion that everything is designed to be reused as long as possible and then recaptured and repurposed when…

Abstract

A circular economy perspective embraces a systemic, cradle-to-cradle notion that everything is designed to be reused as long as possible and then recaptured and repurposed when reuse is no longer possible. Designing for a circular economy ecosystem requires a holistic, integrative viewpoint, spanning all aspects of design and development and considering many supply chain actors, far beyond that of traditional supply chains. This edited book adopts a biomimetic lens, highlighting the need for cross-industry flows and need for different actors (beyond producers and consumers) in circular value cycles. Enablers such as incentives and/or legislation are also discussed. While biomimicry provides the structure for organizing this book, individual chapters build on other theoretical lenses and concepts, such as stakeholder theory, etc. The intent is to move beyond a dyadic (buyer–supplier) view, embracing a holistic network or ecosystem view, to consider a cross-industry system perspective, where there is a diversity of actors (covering four actor groups: producers, consumers, scavengers, and decomposers) needed for a working ecosystem. This edited book offers a comprehensive overview of system components and actors, including how the circular economy adds value, the role of producers and consumers, the spectrum of recovery possibilities to return products back to the consumption supply chain, and the essential role of information management.

Details

Circular Economy Supply Chains: From Chains to Systems
Type: Book
ISBN: 978-1-83982-545-3

Keywords

Open Access
Article
Publication date: 8 March 2024

Sanna-Mari Renfors

Higher education institutions and their lecturers are strategic agents and main drivers that contribute to circular economy transition. This requires them to understand the key…

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Abstract

Purpose

Higher education institutions and their lecturers are strategic agents and main drivers that contribute to circular economy transition. This requires them to understand the key circular economy competencies and how to integrate circular economy holistically into their curricula with the suitable teaching and learning approaches. This study aims to support them by providing an overview on the characteristics of education for the circular economy (ECE) and suggestions to lecturers to further develop their curricula.

Design/methodology/approach

The data consisted of scientific articles (n = 22) describing circular economy courses in higher education. Qualitative content analysis with quantitative features was performed on the selected articles to answer the research question.

Findings

The findings confirm that the system’s focus is the key issue in ECE. However, to integrate circular economy holistically into the curricula, ECE should be implemented more widely in the context of different industries and market contexts to find innovative teaching and learning approaches. The demand side needs to be incorporated in the courses, as systemic transformation is also about transforming consumption. All levels of implementation and circular economy objectives should be included in courses to promote systems thinking. In addition, innovative forms of real workplace interaction should be increased.

Originality/value

As ECE has started to emerge as a new field of study, this article provides the first integrated overview of the topic.

Details

International Journal of Sustainability in Higher Education, vol. 25 no. 9
Type: Research Article
ISSN: 1467-6370

Keywords

Book part
Publication date: 4 September 2024

Lethiwe Nzama-Sithole and Sezer Bozkus Kahyaoglu

Introduction: The circular economy is observed as a good sustainability practice that has gained importance recently. The effects of this practice specific to the financial…

Abstract

Introduction: The circular economy is observed as a good sustainability practice that has gained importance recently. The effects of this practice specific to the financial industry are examined in the context of green accounting, finance, and sustainability reporting standards and needs.

Purpose: This chapter aims to analyse the impact of the circular economy on the finance industry based on three research questions: (1) What benefits and challenges does the circular economy bring to the financial industry? (2) What should be the financial industry’s strategic roadmap and business model for transitioning from a linear economy to a circular economy? (3) What are the differentiating aspects of ecosystem accounting and environmental accounting in its structure and use in the financial industry?

Methodology: The method of our work is based on a ‘strategic road map for circular economy’ implementation and a ‘sustainability business model framework’ relevant to the finance industry. Thus, we systematically present the ‘value generation process’ considering the industry trends and dynamics and regulatory challenges regarding ‘green business model’ management with a strategic approach.

Findings: To coordinate the transition to a circular economy based on systematic knowledge about the state of ecosystems and their interactions with society, it is necessary to design monitoring, accounting and reporting systems that adapt to the new business operating environment. This chapter provides recommendations from the perspective of the financial sector.

Article
Publication date: 18 December 2023

Abdulkabir Opeyemi Bello, Rasheed Babatunde Isa, Oladayo Popoola Afolabi, Suhaib Arogundade and Ayaz Ahmad Khan

This study aims to investigate the drivers influencing the implementation of circular economy principles in the Nigerian architecture, engineering, construction and operation…

Abstract

Purpose

This study aims to investigate the drivers influencing the implementation of circular economy principles in the Nigerian architecture, engineering, construction and operation (AECO) industry across diverse regions of Nigeria.

Design/methodology/approach

A quantitative research approach was adopted, using a structured questionnaire distributed to AECO professionals across four selected regions (North Central, North West, South-South and South West) in Nigeria. The data were analysed using Kruskal–Wallis test and structural equation modelling (SEM).

Findings

The study findings show a robust consensus of opinions among the respondents across regions and professions. The SEM analysis establishes the significant influence of the hypothesized drivers, regulatory and institutional, supply chain collaboration, technological advancements, organizational support and business strategies on the successful implementation of circular economy principles in the Nigerian AECO industry.

Research limitations/implications

The study is limited to specific regions and professions within Nigeria. Further limitation is the quantitative orientation of this study, which collects data using only a questionnaire.

Practical implications

The findings imply that stakeholders can adopt a unified approach to promote circular economy principles in the AECO industry. By recognizing the common understanding of circular economy drivers, collaborative efforts can be streamlined to advance sustainability, resource efficiency and circularity in the industry.

Originality/value

This study contributes to the nascent field of circular economy implementation in the Nigerian AECO industry. It offers a unique perspective by exploring variations in stakeholder opinions, providing insights into the nuanced understanding of circular economy drivers.

Details

Journal of Engineering, Design and Technology , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1726-0531

Keywords

Article
Publication date: 3 July 2023

Gopal Vasudeo Wamane

The paper aims to explore the model of circular economy for promotion of principles of social inclusion, empathetic governance, and economic sustainability environmental…

Abstract

Purpose

The paper aims to explore the model of circular economy for promotion of principles of social inclusion, empathetic governance, and economic sustainability environmental resilience by examining the research gap on how to employ Environment, Social and Governance (ESG) framework, principles of biomimicry and reimagining an economic model of resourcefulness.

Design/methodology/approach

The paper is a descriptive study based on review of literature. To analyse the research gaps, paper employs bibliometric research technique, well-accepted meta-analytical research of literature to find overlapping factors of relevance by examining most-cited authors, papers, as well as co-citation patterns (Kim, 2008). The method analyses the published data texts, information like authorship, citations, keywords, and illustrating linkages between and among articles about certain research topic (Fetscherin, 2012).

Findings

Data were sourced from collection archival database of JSTOR, Web of Science and J-Gate till December 2022, by searching with following string – “Circular Economy,” “ESG (Environment, Social and Governance),” “Biomimicry,” “Circular Economy and ESG,” “Circular Economy and Biomimicry,” “Circular Economy and Resourcefulness.” The selection of said string of words was based on the literature review, overlaps and the research questions formulated. The findings reflect common factors of overlaps and its coherence in domain of policy formulation for the circular economy.

Research limitations/implications

The research approach needs to be tested for practical application with stakeholders which includes individual-community for necessary behavioural change/acceptance, policy measures, innovations for scalability and the new business models so that the changes become an integral part of DNA of new economic model.

Practical implications

Emphasis on reimagined alliance between the environment, economy, and society to achieve the triple bottom line for a sustainable future. In doing so mitigate the impact on nature, generate livelihood opportunities and institute a green industry with an emphasis on circularity by incorporating the principles of ESG, biomimicry and resourcefulness.

Originality/value

The paper addresses the developing frontier of circular economy by identifying and mapping the factors of overlap with principles of ESG and biomimicry with circular economy for a future which is sustainable and resourceful. It attempts to advance the domain of knowledge with suggestion for implementable policy initiative arising from the study.

Details

Management of Environmental Quality: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1477-7835

Keywords

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