Corporate Venture Capital (CVC) has been receiving increasingly more attention all over the world as a special way for accessing new ideas and innovative opportunities through minor-share investing in established companies. The purpose of CVC investments may either be purely financial or to pursue strategic goals. Organisations often seek to take actions that impact positively on sustainability by assembling related knowledge and technologies. These resources may come from invested startups through the use of a CVC programme. This research aims to measure and analyse the Corporate Venture Capital programmes of companies listed in the ISE B3 Corporate Sustainability Index. To this end, a three-step methodology was conducted. First, a systematic review of the literature took place, followed by a review of companies based on secondary sources such as their websites. Finally, a survey was developed and was opted to survey companies through their Investor Relationship (IR) public channels. Results show that 27 of the companies listed in the ISE B3 Index have CVC programmes that contemplate organizational initiatives besides investment. In this sense, one can claim that at least 70% of the ISE B3 Index companies are somehow involved in CVC operations. The results contribute to the literature on corporate venture capital and sustainability by showing that companies spend from 10% to 15% of their capital in sustainable businesses in order to remain competitive.
The circular bioeconomy (CBE) is an increasingly popular method used to add value to bio-based products. However, these products entail impacts on sustainability that can be assessed by life cycle thinking (LCT). Therefore, this manuscript aims to describe the current development of using LCT for a CBE and to identify challenges and future perspectives with regard to this topic. A systematic literature review was conducted using the Preferred Reporting Items for Systematic reviews and Meta-Analyses (PRISMA), analyzing a final portfolio of 57 documents. The results indicated that the use of LCT for a CBE is very recent and has been increasing over the years, is concentrated in Europe, and mainly assesses the conversion of biowastes in biofuels through biorefinery processes, considering mostly environmental concerns, by applying life cycle assessment; thus neglecting economic and social issues. The use of system boundaries, software, databases, and impact assessment methods was reviewed. Five challenges were revealed (the expansion of system boundaries, the consideration of more endpoints, the development and use of regional databases, the development of policies to encourage CBE, and the addition of economic and social issues. Future perspectives will be aimed at considering microalgae, wastewater, and animal biomass in CBE processes, developing more value-added bioproducts and biofuels, and adding cost assessment and more circularity to CBE processes.
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