IDEAS home Printed from https://ideas.repec.org/a/wly/corsem/v30y2023i5p2457-2474.html
   My bibliography  Save this article

Towards a framework for corporate disclosure of circular economy: Company perspectives and recommendations

Author

Listed:
  • Katelin Opferkuch
  • Anna M. Walker
  • Erik Roos Lindgreen
  • Sandra Caeiro
  • Roberta Salomone
  • Tomás B. Ramos

Abstract

Circular economy (CE) is becoming an increasingly mandatory material issue within corporate sustainability reporting, however, what remains unaddressed within literature are the perspectives and capacities of the companies which must soon adapt to meet the evolving reporting requirements. This research aims to capture insights from companies engaged with CE in order to develop recommendations that support the integration of CE within corporate sustainability reports. To do this, a series of semi‐structured interviews and focus groups were conducted with companies operating in Italy or the Netherlands, not limited by sector. The results provide a list of challenges experienced‐ and benefits gained‐ by companies from externally communicating CE. Companies are urged to consider not only risks associated with staying in the linear economy but also those associated with the implementation of new circular practices, to communicate potential sustainability trade‐offs and reduce potential claims of CE‐related greenwashing. Practical recommendations are offered for developing targets and indicators for CE as well as identifying and reporting CE‐specific risks and opportunities.

Suggested Citation

  • Katelin Opferkuch & Anna M. Walker & Erik Roos Lindgreen & Sandra Caeiro & Roberta Salomone & Tomás B. Ramos, 2023. "Towards a framework for corporate disclosure of circular economy: Company perspectives and recommendations," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2457-2474, September.
    • Handle: RePEc:wly:corsem:v:30:y:2023:i:5:p:2457-2474
    DOI: 10.1002/csr.2497
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/csr.2497
    Download Restriction: no
    File URL: https://libkey.io/10.1002/csr.2497?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
    ---><---

    References listed on IDEAS

    as
    1. Blake E. Ashforth & Barrie W. Gibbs, 1990. "The Double-Edge of Organizational Legitimation," Organization Science, INFORMS, vol. 1(2), pages 177-194, May.
    2. Adams, Carol A. & Abhayawansa, Subhash, 2022. "Connecting the COVID-19 pandemic, environmental, social and governance (ESG) investing and calls for ‘harmonisation’ of sustainability reporting," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 82(C).
    3. Sabina Scarpellini & Luz María Marín-Vinuesa & Alfonso Aranda-Usón & Pilar Portillo-Tarragona, 2020. "Dynamic capabilities and environmental accounting for the circular economy in businesses," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 11(7), pages 1129-1158, January.
    4. Estephania Delgadillo & Tatiana Reyes & Rupert J Baumgartner, 2021. "Towards territorial product-service systems: A framework linking resources, networks and value creation," Post-Print halshs-03520232, HAL.
    5. United Nations, 2016. "The Sustainable Development Goals 2016," Working Papers id:11456, eSocialSciences.
    6. Katelin Opferkuch & Sandra Caeiro & Roberta Salomone & Tomás B. Ramos, 2021. "Circular economy in corporate sustainability reporting: A review of organisational approaches," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 4015-4036, December.
    7. Stephen J. Brammer & Stephen Pavelin, 2006. "Corporate Reputation and Social Performance: The Importance of Fit," Journal of Management Studies, Wiley Blackwell, vol. 43(3), pages 435-455, May.
    8. Michelon, Giovanna & Pilonato, Silvia & Ricceri, Federica, 2015. "CSR reporting practices and the quality of disclosure: An empirical analysis," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 33(C), pages 59-78.
    9. Claudio Zara & Shyaam Ramkumar, 2022. "Circular Economy And Default Risk," Journal of Financial Management, Markets and Institutions (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 1-24, June.
    10. Federico Barnabè & Sarfraz Nazir, 2022. "Conceptualizing and enabling circular economy through integrated thinking," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(2), pages 448-468, March.
    11. Tang, Christopher S., 2006. "Perspectives in supply chain risk management," International Journal of Production Economics, Elsevier, vol. 103(2), pages 451-488, October.
    12. repec:eme:aaaj00:09513570610709872 is not listed on IDEAS
    13. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
    14. 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.
    15. Rob Gray, 2006. "Social, environmental and sustainability reporting and organisational value creation?," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 19(6), pages 793-819, November.
    16. Erik Roos Lindgreen & Katelin Opferkuch & Anna M. Walker & Roberta Salomone & Tatiana Reyes & Andrea Raggi & Alberto Simboli & Walter J. V. Vermeulen & Sandra Caeiro, 2022. "Exploring assessment practices of companies actively engaged with circular economy," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1414-1438, May.
    17. 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.
    18. Suchitra Pattnaik & Mitali Madhusmita Nayak & Stefano Abbate & Piera Centobelli, 2021. "Recent Trends in Sustainable Inventory Models: A Literature Review," Sustainability, MDPI, vol. 13(21), pages 1-20, October.
    19. Sabina Scarpellini & Luz María Marín-Vinuesa & Alfonso Aranda-Usón & Pilar Portillo-Tarragona, 2020. "Dynamic capabilities and environmental accounting for the circular economy in businesses," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 11(7), pages 1129-1158, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Javeed, Sohail Ahmad & Akram, Umair, 2024. "The factors behind block-chain technology that boost the circular economy: An organizational perspective," Technological Forecasting and Social Change, Elsevier, vol. 200(C).

    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. Ahmad, Farhan & Bask, Anu & Laari, Sini & Robinson, Craig V., 2023. "Business management perspectives on the circular economy: Present state and future directions," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    2. Benedetta Esposito & Nicola Raimo & Ornella Malandrino & Filippo Vitolla, 2023. "Circular economy disclosure and integrated reporting: The role of corporate governance mechanisms," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5403-5419, December.
    3. Anna M. Walker & Alberto Simboli & Walter J. V. Vermeulen & Andrea Raggi, 2023. "A dynamic capabilities perspective on implementing the Circular Transition Indicators: A case study of a multi‐national packaging company," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2679-2692, September.
    4. José M. Moneva & Sabina Scarpellini & Alfonso Aranda‐Usón & Igor Alvarez Etxeberria, 2023. "Sustainability reporting in view of the European sustainable finance taxonomy: Is the financial sector ready to disclose circular economy?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1336-1347, May.
    5. Sarfraz Nazir & Federica Doni, 2024. "Nexus of circular economy R0 to R9 principles in integrated reporting: Insights from a multiple case study comparison," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4058-4085, July.
    6. Cheffi, Walid & Kaleem Zahir-ul-Hassan, Muhammad & Omer Farooq, Muhammad & Baqrain, Abdelrahman & Mohamed Habib Mansour, Mourad, 2023. "Ethical leadership, management control systems and circular economy in SMEs in an emerging economy, the UAE," Journal of Business Research, Elsevier, vol. 156(C).
    7. Vitiana L'Abate & Nicola Raimo & Francesco Albergo & Filippo Vitolla, 2024. "Social media to disseminate circular economy information. An empirical analysis on Twitter," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(1), pages 528-539, January.
    8. Castro-Lopez, Adrian & Iglesias, Victor & Santos-Vijande, María Leticia, 2023. "Organizational capabilities and institutional pressures in the adoption of circular economy," Journal of Business Research, Elsevier, vol. 161(C).
    9. Patrizia Ghisellini & Ivana Quinto & Renato Passaro & Sergio Ulgiati, 2024. "Exploring environmental and social performances of circular start‐ups: An orientation and certification assessment," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3222-3241, May.
    10. Sabina Scarpellini, 2022. "Social impacts of a circular business model: An approach from a sustainability accounting and reporting perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 646-656, May.
    11. Pina Puntillo, 2023. "Circular economy business models: Towards achieving sustainable development goals in the waste management sector—Empirical evidence and theoretical implications," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 941-954, March.
    12. Tina Wiegand & Martin Wynn, 2023. "Sustainability, the Circular Economy and Digitalisation in the German Textile and Clothing Industry," Sustainability, MDPI, vol. 15(11), pages 1-30, June.
    13. German Arana‐Landin & Waleska Sigüenza & Beñat Landeta‐Manzano & Iker Laskurain‐Iturbe, 2024. "Circular economy: On the road to ISO 59000 family of standards," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1977-2009, May.
    14. Magdalena Rusch & Josef‐Peter Schöggl & Rupert J. Baumgartner, 2023. "Application of digital technologies for sustainable product management in a circular economy: A review," Business Strategy and the Environment, Wiley Blackwell, vol. 32(3), pages 1159-1174, March.
    15. Leslier Valenzuela-Fernández & Manuel Escobar-Farfán, 2022. "Zero-Waste Management and Sustainable Consumption: A Comprehensive Bibliometric Mapping Analysis," Sustainability, MDPI, vol. 14(23), pages 1-24, December.
    16. Sophia Barquete & Ana Hiromi Shimozono & Adriana Hofmann Trevisan & Camila Gonçalves Castro & Leonardo Augusto de Vasconcelos Gomes & Janaina Mascarenhas, 2022. "Exploring the Dynamic of a Circular Ecosystem: A Case Study about Drivers and Barriers," Sustainability, MDPI, vol. 14(13), pages 1-22, June.
    17. Mariana Oliveira & Mécia Miguel & Sven Kevin Langen & Amos Ncube & Amalia Zucaro & Gabriella Fiorentino & Renato Passaro & Remo Santagata & Nick Coleman & Benjamin H. Lowe & Sergio Ulgiati & Andrea Ge, 2021. "Circular Economy and the Transition to a Sustainable Society: Integrated Assessment Methods for a New Paradigm," Circular Economy and Sustainability, Springer, vol. 1(1), pages 99-113, June.
    18. Joanicjusz Nazarko & Ewa Chodakowska & Łukasz Nazarko, 2022. "Evaluating the Transition of the European Union Member States towards a Circular Economy," Energies, MDPI, vol. 15(11), pages 1-24, May.
    19. Cristina Sousa Rocha & Paula Antunes & Paulo Partidário, 2023. "Design for Circular Economy in a Strong Sustainability Paradigm," Sustainability, MDPI, vol. 15(24), pages 1-30, December.
    20. Concepción Garcés-Ayerbe & Pilar Rivera-Torres & Inés Suárez-Perales & Dante I. Leyva-de la Hiz, 2019. "Is It Possible to Change from a Linear to a Circular Economy? An Overview of Opportunities and Barriers for European Small and Medium-Sized Enterprise Companies," IJERPH, MDPI, vol. 16(5), pages 1-15, March.

    More about this item

    Statistics

    Access and download statistics

    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:wly:corsem:v:30:y:2023:i:5:p:2457-2474. 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: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1535-3966 .

    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.