IDEAS home Printed from https://ideas.repec.org/a/spr/circec/v4y2024i4d10.1007_s43615-024-00368-4.html
   My bibliography  Save this article

The Relationship between Biodiversity, Circular Economy, and Institutional Investors in the Sustainable Transition: A Mixed Review

Author

Listed:
  • Prisca Ayassamy

    (École de Technologie Supérieure (ETS))

Abstract

Purpose The purpose of this paper is twofold. Firstly, to demonstrate the interconnectivity between circular economy, biodiversity, and institutional investors literature. Secondly, to critically discuss the degree to which institutional investors are involved in promoting biodiversity and circular economy models that will improve the state of biodiversity. Methodology A literature search was conducted on papers from 2013 to 2023, followed by a discussion based on the results. Findings The findings indicate that only one article examines all three terms together and reveals conflicting views on the effectiveness of circular economy in achieving sustainability. To avoid confusion, metrics should include circular economy, biodiversity, and investors. While ESG is associated with circular economy, its limitations can hinder sustainability. Effective CE business models face obstacles such as uncertainty of outcomes and resource shortages. Originality This research is original in that it focuses on the interconnectivity of these terms and emphasizes the need for sustainable tools to aid in biodiversity restoration and promote a clearer path to sustainability.

Suggested Citation

  • Prisca Ayassamy, 2024. "The Relationship between Biodiversity, Circular Economy, and Institutional Investors in the Sustainable Transition: A Mixed Review," Circular Economy and Sustainability, Springer, vol. 4(4), pages 3171-3182, December.
  • Handle: RePEc:spr:circec:v:4:y:2024:i:4:d:10.1007_s43615-024-00368-4
    DOI: 10.1007/s43615-024-00368-4
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43615-024-00368-4
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s43615-024-00368-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Isabel‐María García‐Sánchez & Lázaro Rodríguez‐Ariza & Beatriz Aibar‐Guzmán & Cristina Aibar‐Guzmán, 2020. "Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 2019-2036, July.
    2. Vivek Kumar Singh & Prashasti Singh & Mousumi Karmakar & Jacqueline Leta & Philipp Mayr, 2021. "The journal coverage of Web of Science, Scopus and Dimensions: A comparative analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(6), pages 5113-5142, June.
    3. Paul, Justin & Criado, Alex Rialp, 2020. "The art of writing literature review: What do we know and what do we need to know?," International Business Review, Elsevier, vol. 29(4).
    4. Morgan Faith Schebella & Delene Weber & Lisa Schultz & Philip Weinstein, 2019. "The Wellbeing Benefits Associated with Perceived and Measured Biodiversity in Australian Urban Green Spaces," Sustainability, MDPI, vol. 11(3), pages 1-28, February.
    5. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    6. Patrick Schroeder & Kartika Anggraeni & Uwe Weber, 2019. "The Relevance of Circular Economy Practices to the Sustainable Development Goals," Journal of Industrial Ecology, Yale University, vol. 23(1), pages 77-95, February.
    7. Changhao Liu & Raymond Côté, 2017. "A Framework for Integrating Ecosystem Services into China’s Circular Economy: The Case of Eco-Industrial Parks," Sustainability, MDPI, vol. 9(9), pages 1-20, August.
    8. David Leclère & Michael Obersteiner & Mike Barrett & Stuart H. M. Butchart & Abhishek Chaudhary & Adriana Palma & Fabrice A. J. DeClerck & Moreno Marco & Jonathan C. Doelman & Martina Dürauer & Robin , 2020. "Bending the curve of terrestrial biodiversity needs an integrated strategy," Nature, Nature, vol. 585(7826), pages 551-556, September.
    9. Lee Roberts & Nikoletta Georgiou & Abeer Mohamed Hassan, 2023. "Investigating biodiversity and circular economy disclosure practices: Insights from global firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1053-1069, May.
    10. Diana H. Wall & Uffe N. Nielsen & Johan Six, 2015. "Soil biodiversity and human health," Nature, Nature, vol. 528(7580), pages 69-76, December.
    11. Yize Hu & Jun Shan & Peixun Zhan, 2020. "Institutional Investors’ Corporate Site Visits and Firms’ Sustainable Development," Sustainability, MDPI, vol. 12(17), pages 1-17, August.
    12. Patrick Velte, 2023. "Which institutional investors drive corporate sustainability? A systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 42-71, January.
    13. Nagendra Kumar Sharma & Kannan Govindan & Kuei Kuei Lai & Wen Kuo Chen & Vimal Kumar, 2021. "The transition from linear economy to circular economy for sustainability among SMEs: A study on prospects, impediments, and prerequisites," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1803-1822, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bruno Michel Roman Pais Seles & Janaina Mascarenhas & Ana Beatriz Lopes de Sousa Jabbour & Adriana Hoffman Trevisan, 2022. "Smoothing the circular economy transition: The role of resources and capabilities enablers," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1814-1837, May.
    2. D. D’Amato, 2021. "Sustainability Narratives as Transformative Solution Pathways: Zooming in on the Circular Economy," Circular Economy and Sustainability, Springer, vol. 1(1), pages 231-242, June.
    3. Alejandro Aristi Capetillo & Fredric Bauer & Cristina Chaminade, 2023. "Emerging Technologies Supporting the Transition to a Circular Economy in the Plastic Materials Value Chain," Circular Economy and Sustainability, Springer, vol. 3(2), pages 953-982, June.
    4. Abdulkarim Hasan Rashed & Afzal Shah, 2021. "The role of private sector in the implementation of sustainable development goals," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(3), pages 2931-2948, March.
    5. Thayla Zomer & Tim McAloone & Daniela Pigosso, 2024. "Categorization of manufacturing companies’ readiness profiles for the transition to the circular economy: A multidimensional cluster analysis," Journal of Industrial Ecology, Yale University, vol. 28(2), pages 277-288, April.
    6. Andrea Cecchin & Roberta Salomone & Pauline Deutz & Andrea Raggi & Laura Cutaia, 2021. "What Is in a Name? The Rising Star of the Circular Economy as a Resource-Related Concept for Sustainable Development," Circular Economy and Sustainability, Springer, vol. 1(1), pages 83-97, June.
    7. Chembessi Chedrak & Gohoungodji Paulin & Juste Rajaonson, 2023. "“A fine wine, better with age”: Circular economy historical roots and influential publications: A bibliometric analysis using Reference Publication Year Spectroscopy (RPYS)," Journal of Industrial Ecology, Yale University, vol. 27(6), pages 1593-1612, December.
    8. Pamučar, Dragan & Durán-Romero, Gemma & Yazdani, Morteza & López, Ana M., 2023. "A decision analysis model for smart mobility system development under circular economy approach," Socio-Economic Planning Sciences, Elsevier, vol. 86(C).
    9. Doussoulin, Jean Pierre & Bittencourt, Mariana, 2022. "How effective is the construction sector in promoting the circular economy in Brazil and France? : A waste input-output analysis," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 47-58.
    10. Jawaher Binsuwadan & Ghadda Yousif & Hiyam Abdulrahim & Hind Alofaysan, 2023. "The Role of the Circular Economy in Fostering Sustainable Economic Growth in the GCC," Sustainability, MDPI, vol. 15(22), pages 1-17, November.
    11. Arru, Brunella & Furesi, Roberto & Pulina, Pietro & Sau, Paola & Madau, Fabio A., 2022. "The Circular Economy in the Agri-food system: A Performance Measurement of European Countries," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 24(2), September.
    12. Fahime Lotfian Delouyi & Meisam Ranjbari & Zahra Shams Esfandabadi, 2023. "A Hybrid Multi-Criteria Decision Analysis to Explore Barriers to the Circular Economy Implementation in the Food Supply Chain," Sustainability, MDPI, vol. 15(12), pages 1-23, June.
    13. Belmonte-Ureña, Luis Jesús & Plaza-Úbeda, José Antonio & Vazquez-Brust, Diego & Yakovleva, Natalia, 2021. "Circular economy, degrowth and green growth as pathways for research on sustainable development goals: A global analysis and future agenda," Ecological Economics, Elsevier, vol. 185(C).
    14. Jéssica dos Santos Leite Gonella & Moacir Godinho Filho & Gilberto Miller Devós Ganga & Fabiane Leticia Lizarelli, 2024. "From awareness to action: Understanding the relationship between circular economy and favourable evaluation towards sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8679-8694, December.
    15. Fernando E. Garcia-Muiña & Rocío González-Sánchez & Anna Maria Ferrari & Lucrezia Volpi & Martina Pini & Cristina Siligardi & Davide Settembre-Blundo, 2019. "Identifying the Equilibrium Point between Sustainability Goals and Circular Economy Practices in an Industry 4.0 Manufacturing Context Using Eco-Design," Social Sciences, MDPI, vol. 8(8), pages 1-22, August.
    16. Ewa Mazur-Wierzbicka, 2021. "Towards Circular Economy—A Comparative Analysis of the Countries of the European Union," Resources, MDPI, vol. 10(5), pages 1-25, May.
    17. Raghu Raman & Hiran Lathabhai & Santanu Mandal & Chandan Kumar & Prema Nedungadi, 2023. "Contribution of Business Research to Sustainable Development Goals: Bibliometrics and Science Mapping Analysis," Sustainability, MDPI, vol. 15(17), pages 1-37, August.
    18. Yamoah, Fred A. & Sivarajah, Uthayasankar & Mahroof, Kamran & Peña, Iker González, 2022. "Demystifying corporate inertia towards transition to circular economy: A management frame of reference," International Journal of Production Economics, Elsevier, vol. 244(C).
    19. Bhavesh Kumar & Love Kumar & Avinash Kumar & Ramna Kumari & Uroosa Tagar & Claudio Sassanelli, 2024. "Green finance in circular economy: a literature review," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 16419-16459, July.
    20. Sema Kayapinar Kaya & Ejder Ayçin & Dragan Pamucar, 2023. "Evaluation of social factors within the circular economy concept for European countries," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(1), pages 73-108, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:circec:v:4:y:2024:i:4:d:10.1007_s43615-024-00368-4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.