Adoption of circular economy practices in small and medium-sized enterprises: Evidence from Europe and the UK

Prasanta Kumar Dey; Chrysovalantis Malesios; Somyadeb Chowdhury; Krishnendu Saha; Pawan Budhwar; Debashree De

doi:10.1016/j.ijpe.2022.108496

Adoption of circular economy practices in small and medium-sized enterprises: Evidence from Europe and the UK

Prasanta Kumar Dey^*
, Chrysovalantis Malesios
, Somyadeb Chowdhury
, Krishnendu Saha
, Pawan Budhwar
, Debashree De

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

280 Citations (SciVal)

111 Downloads (Pure)

Abstract

Circular Economy (CE) practices have the potential to enhance sustainability performance of organisations and therefore can help respond to United Nations Sustainability Development Goals. The aim of this research is to examine the adoption of CE in Euroepan small and medium sized enterprises (SMEs) and its impact on sustainability performance. We analyse the current state of CE practices and its impact on sustainability performance across key CE fields of action (design, procurement, production, distribution, consumption and recover) for SMEs in France, Greece, Spain and the UK A mixed-methods approach (survey, interviews, case studies) is undertaken to collect data from around 100 SMEs in each country, employing resource-based view as the theoretical lens. Our findings reveal that CE adoption can result into superior environmental performance through energy and resource efficiency, and waste reduction. Moreover, the ‘design’ function contributes the most towards the adoption of CE in SMEs, whereas the ‘recover’ function contributes the least, considering the current state-of-practices. From a theoretical perspective, we outline the issues and challenges, impact of support from customers and policymakers, and self-motivation of SMEs to adopt CE. Based on the findings, we propose an implementation framework for SMEs to develop organisation wide strategic initiatives for CE adoption in business operations.

Original language	English
Article number	108496
Journal	International Journal of Production Economics
Volume	248
Early online date	31 Mar 2022
DOIs	https://doi.org/10.1016/j.ijpe.2022.108496
Publication status	Published - Jun 2022

Bibliographical note

© 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/)

Funding Information:
This research has received funding from: (1) European Regional Development Fund (reference OC12R16P0367 ) for the project Support the Shift Towards a Low Carbon Economy in Greater Birmingham and Solihull Local area Enterprise Partnership; (2) MARIE SKŁODOWSKA-CURIE ACTIONS, EU Horizon 2020 (Agreement No. 788692 ) for the project Enhancing Sustainability Performance of Small and Medium sized Enterprises’ Supply chain.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure
SDG 12 Responsible Consumption and Production

Keywords

Circular economy
Closed loop supply chain
Resource-based view
Small and medium sized enterprises
Sustainability performance

Access to Document

10.1016/j.ijpe.2022.108496Licence: CC BY 4.0

Adoption of circular economy practices in small and medium-sized enterprises
© 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/)
Accepted author manuscript, 2.2 MBLicence: CC BY 4.0

Cite this

@article{23399dcba1ed4c64b84dcb8f5dc8449f,

title = "Adoption of circular economy practices in small and medium-sized enterprises: Evidence from Europe and the UK",

abstract = "Circular Economy (CE) practices have the potential to enhance sustainability performance of organisations and therefore can help respond to United Nations Sustainability Development Goals. The aim of this research is to examine the adoption of CE in Euroepan small and medium sized enterprises (SMEs) and its impact on sustainability performance. We analyse the current state of CE practices and its impact on sustainability performance across key CE fields of action (design, procurement, production, distribution, consumption and recover) for SMEs in France, Greece, Spain and the UK A mixed-methods approach (survey, interviews, case studies) is undertaken to collect data from around 100 SMEs in each country, employing resource-based view as the theoretical lens. Our findings reveal that CE adoption can result into superior environmental performance through energy and resource efficiency, and waste reduction. Moreover, the {\textquoteleft}design{\textquoteright} function contributes the most towards the adoption of CE in SMEs, whereas the {\textquoteleft}recover{\textquoteright} function contributes the least, considering the current state-of-practices. From a theoretical perspective, we outline the issues and challenges, impact of support from customers and policymakers, and self-motivation of SMEs to adopt CE. Based on the findings, we propose an implementation framework for SMEs to develop organisation wide strategic initiatives for CE adoption in business operations.",

keywords = "Circular economy, Closed loop supply chain, Resource-based view, Small and medium sized enterprises, Sustainability performance",

author = "Dey, \{Prasanta Kumar\} and Chrysovalantis Malesios and Somyadeb Chowdhury and Krishnendu Saha and Pawan Budhwar and Debashree De",

note = "{\textcopyright} 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/) Funding Information: This research has received funding from: (1) European Regional Development Fund (reference OC12R16P0367 ) for the project Support the Shift Towards a Low Carbon Economy in Greater Birmingham and Solihull Local area Enterprise Partnership; (2) MARIE SK{\L}ODOWSKA-CURIE ACTIONS, EU Horizon 2020 (Agreement No. 788692 ) for the project Enhancing Sustainability Performance of Small and Medium sized Enterprises{\textquoteright} Supply chain. ",

year = "2022",

month = jun,

doi = "10.1016/j.ijpe.2022.108496",

language = "English",

volume = "248",

journal = "International Journal of Production Economics",

issn = "0925-5273",

publisher = "Elsevier",

}

TY - JOUR

T1 - Adoption of circular economy practices in small and medium-sized enterprises: Evidence from Europe and the UK

AU - Dey, Prasanta Kumar

AU - Malesios, Chrysovalantis

AU - Chowdhury, Somyadeb

AU - Saha, Krishnendu

AU - Budhwar, Pawan

AU - De, Debashree

N1 - © 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/) Funding Information: This research has received funding from: (1) European Regional Development Fund (reference OC12R16P0367 ) for the project Support the Shift Towards a Low Carbon Economy in Greater Birmingham and Solihull Local area Enterprise Partnership; (2) MARIE SKŁODOWSKA-CURIE ACTIONS, EU Horizon 2020 (Agreement No. 788692 ) for the project Enhancing Sustainability Performance of Small and Medium sized Enterprises’ Supply chain.

PY - 2022/6

Y1 - 2022/6

N2 - Circular Economy (CE) practices have the potential to enhance sustainability performance of organisations and therefore can help respond to United Nations Sustainability Development Goals. The aim of this research is to examine the adoption of CE in Euroepan small and medium sized enterprises (SMEs) and its impact on sustainability performance. We analyse the current state of CE practices and its impact on sustainability performance across key CE fields of action (design, procurement, production, distribution, consumption and recover) for SMEs in France, Greece, Spain and the UK A mixed-methods approach (survey, interviews, case studies) is undertaken to collect data from around 100 SMEs in each country, employing resource-based view as the theoretical lens. Our findings reveal that CE adoption can result into superior environmental performance through energy and resource efficiency, and waste reduction. Moreover, the ‘design’ function contributes the most towards the adoption of CE in SMEs, whereas the ‘recover’ function contributes the least, considering the current state-of-practices. From a theoretical perspective, we outline the issues and challenges, impact of support from customers and policymakers, and self-motivation of SMEs to adopt CE. Based on the findings, we propose an implementation framework for SMEs to develop organisation wide strategic initiatives for CE adoption in business operations.

AB - Circular Economy (CE) practices have the potential to enhance sustainability performance of organisations and therefore can help respond to United Nations Sustainability Development Goals. The aim of this research is to examine the adoption of CE in Euroepan small and medium sized enterprises (SMEs) and its impact on sustainability performance. We analyse the current state of CE practices and its impact on sustainability performance across key CE fields of action (design, procurement, production, distribution, consumption and recover) for SMEs in France, Greece, Spain and the UK A mixed-methods approach (survey, interviews, case studies) is undertaken to collect data from around 100 SMEs in each country, employing resource-based view as the theoretical lens. Our findings reveal that CE adoption can result into superior environmental performance through energy and resource efficiency, and waste reduction. Moreover, the ‘design’ function contributes the most towards the adoption of CE in SMEs, whereas the ‘recover’ function contributes the least, considering the current state-of-practices. From a theoretical perspective, we outline the issues and challenges, impact of support from customers and policymakers, and self-motivation of SMEs to adopt CE. Based on the findings, we propose an implementation framework for SMEs to develop organisation wide strategic initiatives for CE adoption in business operations.

KW - Circular economy

KW - Closed loop supply chain

KW - Resource-based view

KW - Small and medium sized enterprises

KW - Sustainability performance

UR - https://linkinghub.elsevier.com/retrieve/pii/S0925527322000895

U2 - 10.1016/j.ijpe.2022.108496

DO - 10.1016/j.ijpe.2022.108496

M3 - Article

SN - 0925-5273

VL - 248

JO - International Journal of Production Economics

JF - International Journal of Production Economics

M1 - 108496

ER -

Adoption of circular economy practices in small and medium-sized enterprises: Evidence from Europe and the UK

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this