Solving global problems: Waste to power while creating stakeholder shared value

Abstract

In 2015, an estimated 1.2 billion people, or 16% of the global population, did not have access to electricity. At the same time, solid waste generation rates have risen fast, reaching 30 million tons in 1980, 200 million tons today, and projected to exceed over 11 million tons per day by 2100. The waste from cities alone is already enough to fill a line of trash trucks 5,000 kilometers long every day. Solutions, therefore, must be found, with Waste to Energy (WtE) conversion a strong contender, which presently represents a $29 billion industry globally. By use of cluster sampling, a sample of 361 individuals was surveyed by use of a 63-item, Likert-type agreement scale questionnaire on the study's four constructs. A confirmatory factor analysis was run prior to the structural equation model, with analysis undertaken by use of LISREL 9.1. All causal factors in the model were shown to have a positive influence on the creation of shared value (CSV) of the waste management power plant and the local community, with 68% of the variance of the factor affecting CSV (R2). Ranked in importance, the three latent variables were government policy (GP), the waste management power plant (WMPP), and community participation (CP), with a total score of 0.83, 0.37 and 0.36, respectively.

Framework and Key Success Factors of Governance and Sustainability of Very Small Municipal Solid Waste Power Plants

“…Governance Corporate social responsibility Good ethical and responsible business practices, both socially and environmentally, that lead to sustainable development. [12,16] Transparency in the solid waste management…”

“…[6,17,18] Policy and plan Formulation and implementation of policies and plans which the government announces for solid waste management and VSMSWPP management. [6,16,19,20] Laws Formulation and implementation of laws for solid waste management and the VSMSWPPs in the local area. [20][21][22] Public participation…”

“…People involvement in terms of their perceptions, comments, decisionmaking processes, and solving problems arising from the operation of the VSMSWPPs, including public participation in solid waste management and solid waste separation in the community. [6,16,[23][24][25] Power Development Fund…”

Shared value: a bibliometric review of the literature from the approaches of strategy, corporate social responsibility and stakeholder

“…In recent articles (the leaves of the tree), studies were found where SV is analyzed from an environmental perspective (Chailertpong and Phimolsathien, 2018); Bowe and van der Horst, 2015;Fearne et al, 2012;Hsiao and Chuang, 2016;Trevena, Kaldor, and Downs, 2015), in the field of business (Biloslavo, Bagnoli, and Edgar, 2018;Kraus, Burtscher, Vallaster, and Angerer, 2018;Laasch, 2018;Morioka, Bolis, and de Carvalho, 2018;Tate and Bals, 2018) and in relation to the company's value chain (Tang, 2018;Rezaee, 2018;Berning and Venter, 2015;Markman and Krause, 2016;Muller, Vermeulen, and Glasbergen, 2012).…”