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The Circular Economy in Corporate Reporting: Text Mining of Energy Companies’ Management Reports

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  • Márcia R. C. Santos

    (Instituto Politécnico de Setúbal, ESCE, CICE, Setúbal, Portugal
    Business Research Unit (BRU-IUL), Instituto Universitário de Lisboa (ISCTE-IUL), Lisboa, Portugal)

  • Ana Rolo

    (Instituto Politécnico de Setúbal, ESCE, CICE, Setúbal, Portugal)

  • Dulce Matos

    (Instituto Politécnico de Setúbal, ESCE, CICE, Setúbal, Portugal)

  • Luisa Carvalho

    (Instituto Politécnico de Setúbal, ESCE, CICE, Setúbal, Portugal)

Abstract

This paper explores the implementation of the circular economy in the energy sector. The research findings contribute to our understanding of the practical application of the circular economy, enabling policymakers and stakeholders to make informed decisions and develop targeted strategies. The study analyzes 88 Portuguese companies’ reports, examining the presence of circular economy strategies and initiatives. The results reveal that energy sector companies tend to prioritize reporting their greenhouse gas reduction efforts over their circular economy strategies. The findings align with previous studies in the oil and gas industry, emphasizing the significance of sustainability reporting and potential biases in reporting practices. The study also identifies a gap between circular economy terminology and its representation in reports, indicating the need for greater incorporation of circular economy-oriented initiatives in the energy sector. The research highlights the role of technology in fostering innovation and calls for strategic alliances and knowledge sharing to drive circular economy practices. Further research is recommended to understand the barriers to implementing circular economy practices and identify effective solutions. Overall, this paper provides valuable insights for advancing the circular economy in the energy sector and achieving broader sustainability goals.

Suggested Citation

  • Márcia R. C. Santos & Ana Rolo & Dulce Matos & Luisa Carvalho, 2023. "The Circular Economy in Corporate Reporting: Text Mining of Energy Companies’ Management Reports," Energies, MDPI, vol. 16(15), pages 1-16, August.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:15:p:5791-:d:1210424
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    References listed on IDEAS

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    1. Filippo Vitolla & Vitiana L’Abate & Felice Petruzzella & Nicola Raimo & Antonio Salvi, 2023. "Circular Economy Disclosure in Sustainability Reporting: The Effect of Firm Characteristics," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    2. Agnieszka Janik & Adam Ryszko & Marek Szafraniec, 2020. "Greenhouse Gases and Circular Economy Issues in Sustainability Reports from the Energy Sector in the European Union," Energies, MDPI, vol. 13(22), pages 1-36, November.
    3. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    4. Wei-Ming Chen & Hana Kim, 2019. "Circular economy and energy transition: A nexus focusing on the non-energy use of fuels," Energy & Environment, , vol. 30(4), pages 586-600, June.
    5. Zygmunt Kowalski & Joanna Kulczycka & Agnieszka Makara & Roland Verhé & Guy De Clercq, 2022. "Assessment of Energy Recovery from Municipal Waste Management Systems Using Circular Economy Quality Indicators," Energies, MDPI, vol. 15(22), pages 1-22, November.
    6. Yarima Torreiro & Leticia Pérez & Gonzalo Piñeiro & Francisco Pedras & Angela Rodríguez-Abalde, 2020. "The Role of Energy Valuation of Agroforestry Biomass on the Circular Economy," Energies, MDPI, vol. 13(10), pages 1-13, May.
    7. Papadis, Elisa & Tsatsaronis, George, 2020. "Challenges in the decarbonization of the energy sector," Energy, Elsevier, vol. 205(C).
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    Cited by:

    1. Luísa Carvalho & Márcia R. C. Santos, 2023. "The Role of the Energy Sector in Contributing to Sustainability Development Goals: A Text Mining Analysis of Literature," Energies, MDPI, vol. 17(1), pages 1-14, December.
    2. Yangxueyi Hu & Abeer Hassan & Sehrish Atif, 2024. "Examining the Interplay between CEPSA’s ESG Performance and Financial Performance: An Overview of the Energy Sector Transformation," Sustainability, MDPI, vol. 16(7), pages 1-28, March.

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