Circular solutions in developing countries: Coping with sustainability tensions by means of technical functionality and business model relevance

Levänen, Jarkko; Park, Sukyung; Rosca, Eugenia

doi:10.1002/bsd2.224

Cited by 9 publications

(8 citation statements)

References 86 publications

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“…Adequate attention to environmental issues is needed to meet stakeholder expectations; on the other hand, transforming a business is a long‐term investment that is uncertain for future profits. Levänen et al (2022) explained that in implementing a circular economy, companies need to learn by experimenting with technology and business models to find features that are relevant. This process is an expensive cost that must be borne by the company which is certainly a risk faced by managers.…”

Section: Introductionmentioning

confidence: 99%

Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Wulansari

Adhariani

2023

Bus Strat Dev

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The role of corporations in waste management can reflect the superior performance in innovation and the risk a company is willing to take to engage in the circular economy. The superior performance of corporate waste management can be reflected in the corporate disclosure as a media of accountability and transparency. This research investigates the association between waste disclosure and corporate risk-taking and the moderating role of foreign ownership in companies in Indonesia as an emerging country struggling to find an effective solution toward environmental problems, including waste. The observation was performed on non-financial companies listed on the Indonesian Stock Exchange for the period 2018-2021. Panel regression was used to find the answers to the research questions of the direct and moderate associations among corporate waste disclosure, risk-taking and foreign ownership. The results show that waste disclosure encourages increased corporate risk-taking, which means that companies that disclose waste are companies with good accountability and environmental performance and tend to take risks that can increase value. Foreign ownership was not found to statistically strengthen the relationship between waste disclosure and corporate risk-taking, which is different from the expectation that improving the transparency of waste information can attract a greater inflow of foreign investor resources. This brings implication that investors need to increase attention to the issue of corporate waste management and put pressure on companies to provide information on corporate waste performance for investment decision-making. Furthermore, the results of the study also found that waste disclosure in Indonesia is still low compared to the international disclosure standard. This research contributes to the sustainability accounting literature in developing countries by outlining the role of waste disclosure.

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Section: Introductionmentioning

confidence: 99%

Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Wulansari

Adhariani

2023

Bus Strat Dev

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“…Such trade-offs are bound to happen, especially when designing for LRS that are already plagued with resource scarcity, institutional voids, and market affordability ( 104 – 106 ). However, continuous efforts to understand the local context are vital to navigating such trade-offs and delivering functional products that empower local communities ( 105 ).…”

Section: Discussionmentioning

confidence: 99%

Design of a syringe extension device (Chloe SED®) for low-resource settings in sub-Saharan Africa: a circular economy approach

Samenjo,

Ramanathan,

Gwer

et al. 2023

Front. Med. Technol.

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Underfunded healthcare infrastructures in low-resource settings in sub-Saharan Africa have resulted in a lack of medical devices crucial to provide healthcare for all. A representative example of this scenario is medical devices to administer paracervical blocks during gynaecological procedures. Devices needed for this procedure are usually unavailable or expensive. Without these devices, providing paracervical blocks for women in need is impossible resulting in compromising the quality of care for women requiring gynaecological procedures such as loop electrosurgical excision, treatment of miscarriage, or incomplete abortion. In that perspective, interventions that can be integrated into the healthcare system in low-resource settings to provide women needing paracervical blocks remain urgent. Based on a context-specific approach while leveraging circular economy design principles, this research catalogues the development of a new medical device called Chloe SED® that can be used to support the provision of paracervical blocks. Chloe SED®, priced at US$ 1.5 per device when produced in polypropylene, US$ 10 in polyetheretherketone, and US$ 15 in aluminium, is attached to any 10-cc syringe in low-resource settings to provide paracervical blocks. The device is designed for durability, repairability, maintainability, upgradeability, and recyclability to address environmental sustainability issues in the healthcare domain. Achieving the design of Chloe SED® from a context-specific and circular economy approach revealed correlations between the material choice to manufacture the device, the device's initial cost, product durability and reuse cycle, reprocessing method and cost, and environmental impact. These correlations can be seen as interconnected conflicting or divergent trade-offs that need to be continually assessed to deliver a medical device that provides healthcare for all with limited environmental impact. The study findings are intended to be seen as efforts to make available medical devices to support women's access to reproductive health services.

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“…The circular economy is a sustainable development model that reduces the environmental impact and enables products to be recycled effectively [ 74 ]. To promote sustainable development, global organizations should transform into a circular economy [ 75 ]. However, organizations need help transitioning to a circular economy [ 76 ].…”

Section: Literature Reviewmentioning

confidence: 99%

A scientometric review of hotspots and emerging trends in sustainable business model

Li¹,

Jin²,

Homapour³

2023

Heliyon

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Circular solutions in developing countries: Coping with sustainability tensions by means of technical functionality and business model relevance

Cited by 9 publications

References 86 publications

Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Design of a syringe extension device (Chloe SED®) for low-resource settings in sub-Saharan Africa: a circular economy approach

A scientometric review of hotspots and emerging trends in sustainable business model

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