Sustainable behaviour of B Corps fashion companies during Covid-19: A quantitative economic analysis

Ferioli, Matteo; Gazzola, Patrizia; Grechi, Daniele; Vătămănescu, Elena‐Mădălina

doi:10.1016/j.jclepro.2022.134010

Cited by 20 publications

(9 citation statements)

References 56 publications

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“…Our sample was selected from the list of firms certified in Spain by B Corp (B Corp Spain, 2022). B Corps (bcorporation.eu) are firms that aim for goals similar to those of the CE and strive to achieve balance in the three dimensions of sustainability (Ferioli et al, 2022;Liute and De Giacomo, 2022;Mion and Loza Adaui, 2020). We distinguish between Benefit corporations or purpose-oriented firms, which are a legal form that allows the incorporation of social, environmental, and economic objectives in their social purpose (Gazzola et al, 2019;Mion and Loza Adaui, 2020), and certified B Corps, which are firms that have received a sustainability certification from B Lab due to their high standards of social and environmental performance, transparency, and accountability (B Lab, 2022).…”

Section: Sample and Datamentioning

confidence: 99%

Circular entrepreneurial ecosystems: a Quintuple Helix Model approach

Borrero,

Yousafzai

2024

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PurposeThe shift toward a circular economy (CE) represents a collaborative endeavor necessitating the presence of efficient frameworks, conducive contexts and a common comprehension. This research serves as a pivotal stride towards this goal, presenting an exclusive prospect for the investigation and fusion of these frameworks, with particular emphasis on the Quintuple Helix Model (5HM), into a unified theoretical framework that underscores the core principles of the CE. This study is centered on three pivotal questions aimed at decoding the CE transition in specific regional settings.Design/methodology/approachAdopting an abductive approach firmly anchored in a two-stage qualitative process, this study specifically merges the foundational principles from institutional theory, entrepreneurship literature and CE frameworks to provide insights into the dynamics of circular ecosystems, with a specific focus on the Huelva region in Spain.FindingsThe findings demonstrate significant potential in the CE, ranging from the integration of product and service systems to innovations in eco-industrial practices. Yet, a notable deficiency exists: the absence of institutional entrepreneurs, highlighting the essential role that universities can play. As recognized centers of innovation, universities are suggested to be key contributors to the transformation toward a CE, aligning with their societal and economic responsibilities.Practical implicationsThis study highlights the importance of managing relationships with entities like SMEs and policymakers or academia for effective CE adoption. Policymakers can refine strategies based on the research’s insights, while the impact of university-driven circular ecosystems on sustainable societies is another crucial area for research.Originality/valueThe sustainability models cited in CE literature may not be comprehensive enough to prevent problem shifting, and it can be argued that they lack a sound theoretical and conceptual basis. Furthermore, the connections between sustainability objectives and the three levels of the CE operating system remain vague. Additionally, there is insufficient information on how regions foster the involvement of the environment in fivefold helix cooperation and how this impacts the CE.

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Section: Sample and Datamentioning

confidence: 99%

Circular entrepreneurial ecosystems: a Quintuple Helix Model approach

Borrero,

Yousafzai

2024

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“…Studies that seek to relate stakeholder theory to the premises and assumptions of the circular economy and B Enterprises are scarce in the literature. A search for articles associated with the subject reveals few studies with a similar scope, such as Ferioli et al (2022), Marjamaa et al (2021), Poponi et al (2019), Jabbour et al (2020), and Moggi and Dameri (2021). Based on the theoretical gaps previously raised in Sehnem's (2018) articles, where he states that despite the increase in publications about the circular economy, one of the biggest challenges for academia is to find organisations with characteristics aligned with its premises, and considering that the literature lacks more studies focusing on the B Corp movement beyond the United States and Europe, in countries like Brazil (Diez‐Busto et al, 2021), this study innovates by relating the circular economy in the context of Brazilian B Corps, from the perspective of stakeholder theory.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

The internalisation of the circular economy and ESG in Brazilian B Corps from the perspective of the Stakeholder Theory

Marcon

Provensi

Sehnem

et al. 2023

Sustainable Development

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The Circular Economy (CE) has been gaining attention as a means to reduce dependency on raw materials and achieve social, economic, and environmental outcomes. B Corporations aim to generate a positive impact, and by seeking certification that validates this premise, they are evaluated in aspects of governance, environment, customers, community, and workers. Such assessment demonstrates attention to various stakeholders and can promote good practices. This research aims to analyse how the circular economy is being internalised in Brazilian B Corps from the perspective of Stakeholder Theory. A total of 264 Brazilian B Corporations were identified, which constitute the units of analysis for the case study. Seventy‐six of these responded to questionnaires, and 12 B Corps participated in semi‐structured interviews. The results suggest that: (i) circular economy actions through the ReSOLVE framework are partially implemented by B Corps; (ii) circular economy practices require engagement with stakeholders, especially for the share and cycle actions of the ReSOLVE framework that mainly involve customers and the community; (iii) government and consumers were identified as key stakeholders for accelerating the circular economy. The contributions of this study include: (i) presentation of a typology that brings together exploratory theoretical propositions about strategic stakeholders, circular economy assumptions, and business models of B Corps; (ii) correlation between the ReSOLVE framework, B Impact Assessment, and stakeholder theory; (iii) identification of key stakeholders for accelerating the transition to the circular economy. For future studies, it is suggested to further investigate organisations with a high percentage of adoption of ReSOLVE framework actions to identify how stakeholders engage in environmental best practices.

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“…The green economy encompasses a number of thematic areas including investments in innovation, technology transfer, ecological products, and sustainable consumer behavior. The green and circular economy perspectives contribute to a broader approach to sustainable development, uniting the protection of the environment, increased competitiveness, and productivity of available resources within an economy (Ferioli et al, 2022).…”

Section: Conceptual Definitions and Scope: Circular Economy Green Eco...mentioning

confidence: 99%

Delving into Stakeholders’ Perceptions of the Efficient Transition to the Circular Economy

Zamfir,

Gingioveanu Lupulescu,

Ciuciuc

et al. 2023

BRAIN

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The importance of knowledge management in facilitating a successful transition to a circular economy through the creation of a circular business model, as a substitute for the conventional linear economic approach, has not been extensively explored. The capacity of a company to coordinate, generate, and disseminate knowledge plays a crucial role in developing environmentally friendly industries and creating new employment opportunities. This article employs a literature review methodology to establish the connection between knowledge management and the shift towards a circular economy. The findings reveal that a company's eco-innovation process relies heavily on strategic knowledge management. Consequently, a comprehensive understanding of the system and self-motivated creativity are crucial components of expertise in creating sustainable circular business models. Hence, companies must consistently enhance their knowledge base to improve business processes, eco-efficiency, and eco-innovation.

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Sustainable behaviour of B Corps fashion companies during Covid-19: A quantitative economic analysis

Cited by 20 publications

References 56 publications

Circular entrepreneurial ecosystems: a Quintuple Helix Model approach

Circular entrepreneurial ecosystems: a Quintuple Helix Model approach

The internalisation of the circular economy and ESG in Brazilian B Corps from the perspective of the Stakeholder Theory

Delving into Stakeholders’ Perceptions of the Efficient Transition to the Circular Economy

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