The Strategic Role of the Corporate Social Responsibility and Circular Economy in the Cosmetic Industry

Fortunati, Simona; Martiniello, Laura; Morea, Donato

doi:10.3390/su12125120

Cited by 97 publications

(115 citation statements)

References 40 publications

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“…Limited finance can only support SMEs’ daily business operation and may end up with a limited turnover, which leads to less attractive to investors. Moreover, the whole process of CE acquisition, adoption, and implementation need substantial time [ 50 ], which is not realistic for SMEs to complete it on their own. Likewise, CE adoption requires a high standard of technologies, technical resources, and specialists to supervise its implementation, which is both time-consuming and money-consuming and may be futile in the end.…”

Section: Discussionmentioning

confidence: 99%

Proposing Circular Economy Ecosystem for Chinese SMEs: A Systematic Review

Min

Sawang

Kivits

2021

IJERPH

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Circular Economy (CE) has attracted so much attention around the world as it can contribute to the balance between economic development and environmental sustainability, to address the increasing critical resources scarcity and environmental issues. Small and medium-sized enterprises (SMEs) in China are a major driving force in the economy with 43 million SMEs in 2020. Most of them maintain the traditional economic development method of "take–use", without considering the environment. This has caused great harm to the environment and resource availability. Therefore, Chinese SMEs must adopt CE in their business to address this issue. The current study aims to explore the key barriers (lack of time, lack of human resources and finance) and enablers (e.g., network, innovation, and reputation) for Chinese SMEs CE adoption. The current study employs a systematic review approach with thematic analysis to identify the internal and external barriers and enablers of CE adoption among SMEs. Moreover, a CE ecosystem has been proposed for identifying the key actors in the CE system, which will be beneficial for policy-makers to take into account when drafting and adjusting CE laws and regulations.

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Section: Discussionmentioning

confidence: 99%

Proposing Circular Economy Ecosystem for Chinese SMEs: A Systematic Review

Min

Sawang

Kivits

2021

IJERPH

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“…The public and private sectors are highlighted as key actors in the CE transition [17]. The state of research and implementation of CE assessment shows a clear focus on private companies [18]. However, the public sector differs from the private sector in that it has different missions and tasks.…”

Section: Introductionmentioning

confidence: 99%

Overcoming Current Challenges for Circular Economy Assessment Implementation in Public Sector Organisations

2021

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Circular Economy (CE) is seen as a key strategy in achieving sustainable development and the United Nations Sustainable Development Goals (SDGs). To seize the potential of CE, public and private organisations need to evaluate and communicate their progress moving away from the non-sustainable paradigm of “take–make–dispose” towards circularity. The literature and practitioners demonstrate a growing interest in CE assessment as a driver for this transition. Nevertheless, the majority of CE assessments are implemented in private companies and implementation in public sector organisations is low. This article presents the challenges that currently prevent public sector organisations from implementing CE assessment and derives strategies to overcome them. A total of 21 CE and assessment experts from the Portuguese public sector were interviewed, and the results were triangulated with an extensive policy document review. The findings show that cultural barriers, particularly a lack of public and political pressure as well as a resistance towards change, are considered the main challenges for CE assessment implementation. Cultural challenges drive structural ones such as a lack of leadership commitment, the voluntary nature, and a missing clear governance for CE assessment. Technical and financial challenges, contrary to previous findings of the literature, are not prioritised and are seen as a result of the cultural and structural challenges. Overall, the research suggests that CE assessment is often a discussion among academics and highly specialised practitioners. In order to drive its implementation, the debate has to involve stakeholders beyond expert circles to trigger awareness for its necessity and to facilitate usage for a broader audience.

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“…Furthermore, as corporate social responsibility is an important and complex issue, it is not enough to consider only the environmental responsibility. Future research should focus on multi-dimensional research of corporate social responsibility [ 53 ]. The existing research on mandatory disclosure policies also lacks multi-dimensional consideration, which will be the main direction of our future research.…”

Section: Discussionmentioning

confidence: 99%

Can Mandatory Disclosure Policies Promote Corporate Environmental Responsibility?—Quasi-Natural Experimental Research on China

Liu

Failler

Chen

2021

IJERPH

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Corporate environmental responsibility (CER) is an important component of the corporate social responsibility (CSR) report, and an important carrier for enterprises to disclose environmental protection information. Based on the corporate micro data, this paper evaluates the effect of a mandatory CSR disclosure policy on the fulfillment of corporate environmental responsibility by adopting the difference-in-differences model (DID) with the release of a mandatory disclosure policy of China in 2008 as a quasi-natural experiment. The study draws the following conclusions: First, a mandatory CSR disclosure policy can promote the fulfillment of CER. Second, after the implementation of a mandatory CSR disclosure policy, enterprises can improve their CER level through two channels: improving the quality of environmental management disclosure and increasing the number of patents. Third, the heterogeneity of the impacts of mandatory CSR disclosure on CER is reflected in three aspects: different CER levels, different corporate scales and a different property rights structure. In terms of the CER level, there is an inverted U-shaped relationship between the CER level and mandatory CSR disclosure effect. In terms of the corporate scale, mandatory disclosure of CSR plays a greater role in large-scale enterprises. In terms of the structure of property rights, mandatory CSR disclosure has a greater effect on non-state-owned enterprises.

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The Strategic Role of the Corporate Social Responsibility and Circular Economy in the Cosmetic Industry

Cited by 97 publications

References 40 publications

Proposing Circular Economy Ecosystem for Chinese SMEs: A Systematic Review

Proposing Circular Economy Ecosystem for Chinese SMEs: A Systematic Review

Overcoming Current Challenges for Circular Economy Assessment Implementation in Public Sector Organisations

Can Mandatory Disclosure Policies Promote Corporate Environmental Responsibility?—Quasi-Natural Experimental Research on China

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