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

Sustainability reporting in view of the European sustainable finance taxonomy: Is the financial sector ready to disclose circular economy?

“…Previous studies highlighting a multiple-stakeholder vision for the CE at the micro-level(Reike et al, 2018) bring our analysis closer to stakeholder theory, consistent with Aranda-Us on et al(2020). However, future approaches based on legitimacy and institutional theory are required, which are undoubtedly of interest when analyzing environmental and CE-related information disclosure in the financial sectorMarco-Fondevila et al (2021) and in response to institutional driversDaddi et al (2020).Similar to Bonifácio Neto and Branco (2019), our findings suggest that disclosing information on sustainable finance and financing the CE is not widespread. Based on our dataset, we cannot confirm the results of previous studies, such asAndrikopoulos et al (2014) andSharma (2014), who explored the determinants of CSR disclosure practices in a cross-section of listed financial institutions and found that disclosure is more extensive in large companies.…”

“…In the present CE framework, as a source of differentiation and competitive advantage, companies report on CE‐related activities and respond to stakeholders as part of their entire sustainability strategy under a framework of normative, instrumental, legitimate, or reputational strategies (Marco‐Fondevila et al, 2021). Therefore, in the framework of the triple bottom line (Elkington, 2004) and corporate social responsibility (CSR), financial institutions have to broaden the range and breadth of their reporting practices, increasing their environmental disclosures related to sustainable financing including investments and actions linked to the CE (Portillo‐Tarragona et al, 2022).…”

Recycling Technology Innovation as a Source of Competitive Advantage: The Sustainable and Circular Business Model of a Bicentennial Company

“…Furthermore, the circular economy facilitates sustainable development [18] and requires financial and non-financial indicators for its management and control [19]. Therefore, a circular business model is fundamental for tackling the urgent problems of climate change and sustainability, and the European Union (EU), with the reports, plans and activities knows as the circular economy package, intends to expand the circular economy model around Europe [20]. Additionally, according to current literature, the circular economy is a driver of the sustainable manufacturing sector, with the goal of regenerating resources [21].…”

“…The environmental impact of manufacturing using scrap copper, through the patented Cosmelt process, is much lower than the environmental impact of manufacturing using mined copper: lower SO 2 and CO 2 emissions, less ozone layer depletion, lower water consumption and less fossil fuel depletion. Therefore, the company's strategy is in line with the 2030 Agenda for Sustainable Development and the European Green Deal, which seeks to extend the circular economy all over Europe [20]. Among the current environmental challenges of the company are identifying the carbon footprint, as well as reducing the consumption of gas during the recycling process of copper, with the aid of a Next-Generation EU project.…”

Regulatory Elements on the Circular Economy: Driving into the Agri-Food System

“…In the past, issues [2] such as resource scarcity and environmental pollution were underestimated in their threatening nature on a global scale, whereas, nowadays, they are assessed and supported through the lens of the circular economy. Those issues have quickly proven to be emergencies [3,4], becoming fundamental objectives of policymaking, aimed at finding possible solutions even about the growing world population. The growth trend, "approximately 83 million people each year" [5], has shown the need to decrease the overexploitation of primary resources in a sustainable perspective, as resources are scarce and finite [6].…”