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Green Capital Accumulation: Business and Sustainability Management in a World of Global Value Chains

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  • Stefano Ponte

Abstract

Tackling climate change and other environmental crises entails a critical reflection on processes and outcomes that are behind sustainability management by business. Sustainability has become a commodity itself, to be traded, bought, sold and managed like all others. How lead firms in global value chains (GVCs) address sustainability issues has become a key competitive element and a source of value creation and capture – facilitating a process of ‘green capital accumulation’. Sustainability management is emerging as a fourth key capitalist dynamic in addition to cost minimisation, flexibility and speed (Coe and Yeung 2015) – leading corporations to devise new spatial, organisational and technological ‘fixes’ to ensure continued capital accumulation. Public actors and civil society groups can address this situation, but their strategies need to be informed by the daily practices, power relations and governance structures of GVCs. Sustainability orchestration by these actors is more likely to succeed when: it employs appropriate combinations of directive and facilitative instruments that reinforce each other; improves issue visibility; provides incentives that facilitate the alignment of private and public sector interests; and leverages specific pressure points at key nodes of GVCs.

Suggested Citation

  • Stefano Ponte, 2020. "Green Capital Accumulation: Business and Sustainability Management in a World of Global Value Chains," New Political Economy, Taylor & Francis Journals, vol. 25(1), pages 72-84, January.
    • Handle: RePEc:taf:cnpexx:v:25:y:2020:i:1:p:72-84
    DOI: 10.1080/13563467.2019.1581152
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    Cited by:

    1. Eleonora Di Maria & Marco Bettiol & Mauro Capestro, 2023. "How Italian Fashion Brands Beat COVID-19: Manufacturing, Sustainability, and Digitalization," Sustainability, MDPI, vol. 15(2), pages 1-20, January.
    2. Tilsted, Joachim Peter & Bauer, Fredric, 2024. "Connected we stand: Lead firm ownership ties in the global petrochemical industry," Ecological Economics, Elsevier, vol. 224(C).
    3. Jensen, Federico & Whitfield, Lindsay, 2022. "Leveraging participation in apparel global supply chains through green industrialization strategies: Implications for low-income countries," Ecological Economics, Elsevier, vol. 194(C).
    4. Piotr Misztal & Paweł Dziekański, 2023. "Green Economy and Waste Management as Determinants of Modeling Green Capital of Districts in Poland in 2010–2020," IJERPH, MDPI, vol. 20(3), pages 1-25, January.
    5. Augusto Carlos Castro-Nunez & Ma. Eliza J. Villarino & Vincent Bax & Raphael Ganzenmüller & Wendy Francesconi, 2021. "Broadening the Perspective of Zero-Deforestation Interventions in Peru by Incorporating Concepts from the Global Value Chain Literature," Sustainability, MDPI, vol. 13(21), pages 1-17, November.
    6. Peter Lund‐Thomsen & Lone Riisgaard & Sukhpal Singh & Shakil Ghori & Neil M. Coe, 2021. "Global Value Chains and Intermediaries in Multi‐stakeholder Initiatives in Pakistan and India," Development and Change, International Institute of Social Studies, vol. 52(3), pages 504-532, May.
    7. Louisa von der Assen, 2023. "Digitalization as a Provider of Sustainability?—The Role and Acceptance of Digital Technologies in Fashion Stores," Sustainability, MDPI, vol. 15(5), pages 1-20, March.
    8. Murni Zarina Mohamed Razali & Rossilah Jamil, 2023. "Sustainability Learning in Organizations: Integrated Model of Learning Approaches and Contextual Factors," SAGE Open, , vol. 13(1), pages 21582440231, February.
    9. Shyamain Wickramasingha, 2023. "Geographies of dissociation: informality, ethical codes and fragmented labour regimes in the Sri Lankan apparel industry," Journal of Economic Geography, Oxford University Press, vol. 23(6), pages 1191-1211.
    10. Chen, Hanxue & Wang, Shuhong & Song, Malin, 2021. "Global Environmental Value Chain Embeddedness and Enterprise Production Efficiency Improvement," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 278-290.
    11. Sakshi Bhayana & Biswajit Nag, 2024. "Global Value Chain Linkages and Carbon Emissions embodied in trade, An Evidence from Emerging Economies: Uncovering Connections," Papers 2411.02963, arXiv.org.

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