Nexus of circular economy and sustainable business performance in the era of digitalization

Agrawal, Rohit; Wankhede, Vishal Ashok; Kumar, Anil; Upadhyay, Arvind; Garza‐Reyes, Jose Arturo

doi:10.1108/ijppm-12-2020-0676

Cited by 130 publications

(64 citation statements)

References 78 publications

(140 reference statements)

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“…Upadhyay et al ( 2021 ) showed that the goals of sustainability and social responsibility and the prosperity of the circular economy can be achieved by sharing knowledge and participation in the blockchain-based network. In this regard, Agrawal et al ( 2021 ) believe that digitalization can be a great help in the production of sustainable circular products. In addition, customer involvement is essential to creating sustainable circular products using digitization.…”

Section: Discussionmentioning

confidence: 99%

The effects of blockchain technology adoption on business ethics and social sustainability: evidence from the Middle East

Ronaghi

Mosakhani

2021

Environ Dev Sustain

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Sustainable development is not just possible with regard to the environmental and economic dimensions, and social issues are also important in achieving sustainable development. Social sustainability, as one of the dimensions of sustainable development, has been considered by policy makers and managers. Social sustainability and business ethics in the organization are affected by social and behavioral interactions of individuals. Blockchain technology, as a disruptive technology, leads to a peer-to-peer and decentralized network management using distributed architecture. Blockchain technology can affect the way information is exchanged and creates transparency in the organization. Therefore, the purpose of this study is to evaluate the impact of blockchain technology on business ethics and social sustainability in the organization. In the first part of the research, a conceptual model is extracted using previous studies. In the second part, the relationship between model variables among 411 managers of small and medium enterprises (SMEs) active in the Middle East region is evaluated according to the importance of sustainability in this region. Structural equation model and SmartPLS software have been used for data analysis. The research findings show that the use of blockchain technology has a direct impact on business ethics, corporate governance and social sustainability due to the creation of a decentralized system, information transparency and traceability. Also, business ethics and corporate governance have an impact on achieving social sustainability.

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Section: Discussionmentioning

confidence: 99%

The effects of blockchain technology adoption on business ethics and social sustainability: evidence from the Middle East

Ronaghi

Mosakhani

2021

Environ Dev Sustain

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“…The CE concept helps foster sustainable development [16]. The primary issue in sustainable growth with LE is that it pursues continual economic expansion at the cost of environmental degradation, with no clear grasp of whether this enhances social fairness [44]. As a result, global sustainability concerns are on the rise.…”

Section: Ce Concept For Sustainable Development In the CImentioning

confidence: 99%

Circular Economy in the Construction Industry: A Step towards Sustainable Development

et al. 2022

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Construction is a resource-intensive industry where a circular economy (CE) is essential to minimize global impacts and conserve natural resources. A CE achieves long-term sustainability by enabling materials to circulate along the critical supply chains. Accordingly, recent research has proposed a paradigm shift towards CE-based sustainability. However, uncertainties caused by fluctuating raw material prices, scarce materials, increasing demand, consumers’ expectations, lack of proper waste infrastructure, and the use of wrong recycling technologies all lead to complexities in the construction industry (CI). This research paper aims to determine the enablers of a CE for sustainable development in the CI. The system dynamics (SD) approach is utilized for modeling and simulation purposes to address the associated process complexity. First, using content analysis of pertinent literature, ten enablers of a CE for sustainable development in CI were identified. Then, causality among these enablers was identified via interviews and questionnaire surveys, leading to the development of the causal loop diagram (CLD) using systems thinking. The CLD for the 10 shortlisted enablers shows five reinforcing loops and one balancing loop. Furthermore, the CLD was used to develop an SD model with two stocks: “Organizational Incentive Schemes” and “Policy Support.” An additional stock (“Sustainable Development”) was created to determine the combined effect of all stocks. The model was simulated for five years. The findings show that policy support and organizational incentive schemes, among other enablers, are critical in implementing a CE for sustainable development in CI. The outcomes of this study can help CI practitioners to implement a CE in a way that drives innovation, boosts economic growth, and improves competitiveness.

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“…Digitalization might be extremely beneficial in the development of circular products that are both sustainable and circular. Furthermore, customers must be involved in the development of new, sustainable circular goods utilizing digitalization (Agrawal et al, 2021).…”

Section: Ecosystem Damage Assessment For Circular Economy Applicationsmentioning

confidence: 99%

How Can Collaborative Circular Economy Practices in Modular Construction Help Fédération Internationale de Football Association World Cup Qatar 2022 to Achieve Its Quest for Sustainable Development and Ecological Systems?

et al. 2021

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Embarking on the World Cup journey with circular collaborative strategies can positively impact the environment and socioeconomic outcomes to prosper development at the center of sustainability. World Cup mega-events are set with overriding priorities in cutting down environmental footprints to accelerate sustainable development across the Fédération Internationale de Football Association movement to leave an enduring legacy post-event in global sports. This paper conducts the first of its kind comprehensive critical analysis on ecological quality in life cycle impact assessment for 2022 Fédération Internationale de Football Association World Cup modular container stadiums in Qatar. A “cradle-to-cradle” life cycle assessment, including the material and resource production, construction, operation, and end-of-life (EOL) phase, is analyzed in this study, taking the case of Ras Abu Aboud stadium. Ecoinvent v3.7.1 life cycle inventory database was used to quantify the ecosystem damage-related impacts. Two scenarios were considered for the operation phase: scenario 1 (single year of operation) and scenario 2 (30 years of operation). A sensitivity analysis was used to understand the extent of impact per category indicator subject to material quantity variations. The results showed that the planned circularity contributed to savings in the EOL phase of more than 4.26 × 107 species.year compared with 1.7 species.year across the overall life-cycle impacts. Several perspective-based circular and sharing economy scenarios were assessed to reveal the benefits of circular collaborative economy applications in leveraging possible ecological burdens before, during, and post-mega events in sustainable construction. This research acts as a backbone for future single-sport mega-events to attempt to transition to a carbon-neutral, fully sustainable event with an everlasting legacy.

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Nexus of circular economy and sustainable business performance in the era of digitalization

Cited by 130 publications

References 78 publications

The effects of blockchain technology adoption on business ethics and social sustainability: evidence from the Middle East

The effects of blockchain technology adoption on business ethics and social sustainability: evidence from the Middle East

Circular Economy in the Construction Industry: A Step towards Sustainable Development

How Can Collaborative Circular Economy Practices in Modular Construction Help Fédération Internationale de Football Association World Cup Qatar 2022 to Achieve Its Quest for Sustainable Development and Ecological Systems?

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