Are circular economy policies actually reaching organizations? Evidence from the largest Spanish companies

Marco-Fondevila, M. (Universidad de Zaragoza) ; Llena-Macarulla, F. (Universidad de Zaragoza) ; Callao-Gastón, S. (Universidad de Zaragoza) ; Jarne-Jarne, J.I. (Universidad de Zaragoza)

Resumen: The Circular Economy (CE) model has recently gained a lot of attention as an effective way to cope with the urgent issues related to Climate Change and sustainability. The European Union (EU) has launched a series of reports, plans and activities known as the Circular Economy package which main goal is to expand the CE model throughout Europe, with large companies leading the initiative. This paper aims at assessing their engagement with the CE model, and if their actual understanding, practice and reporting of CE corresponds to the standards and principles promoted by the EU CE Action Plan. The research does also analyse if large companies’ reporting in terms of CE can be assimilated to their environmental sustainability reporting or if they consider it a different topic, with different drivers. The reports of the largest companies in Spain (IBEX35) were studied in full detail as well as their environmental scores (ESG) from DataStream database, and activity sector. Results show interesting implications highlighting how companies’ perception over CE, as reported, differs from the EU CE Action Plan approach and from the environmental sustainability framework, especially when taking into account the type of activity.

Idioma: Inglés

DOI: 10.1016/j.jclepro.2020.124858

Año: 2021

Publicado en: Journal of Cleaner Production 285 (2021), 124858
ISSN: 0959-6526

Factor impacto JCR: 11.072 (2021)

Categ. JCR: ENGINEERING, ENVIRONMENTAL rank: 9 / 54 = 0.167 (2021) - Q1 - T1
Categ. JCR: GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY rank: 5 / 47 = 0.106 (2021) - Q1 - T1
Categ. JCR: ENVIRONMENTAL SCIENCES rank: 24 / 279 = 0.086 (2021) - Q1 - T1

Factor impacto CITESCORE: 15.8 - Engineering (Q1) - Energy (Q1) - Business, Management and Accounting (Q1) - Environmental Science (Q1)

Factor impacto SCIMAGO: 1.921 - Environmental Science (miscellaneous) (Q1) - Strategy and Management (Q1) - Industrial and Manufacturing Engineering (Q1)

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)