| Title | Motivations and drivers for adopting sustainability and circular business strategies in businesses in Victoria |
|---|---|
| ID_Doc | 27296 |
| Authors | Gajanayake, A; Ho, OTK; Iyer-Raniga, U |
| Title | Motivations and drivers for adopting sustainability and circular business strategies in businesses in Victoria |
| Year | 2024 |
| Published | Corporate Social Responsibility And Environmental Management, 31.0, 1 |
| Abstract | With the need to transition to a Circular Economy being highlighted at government and industry level, business research has focused on how firms incorporate circular business practices. However, there is a lack of research on what motivates and drives businesses to implement environmental and CE practices, specially from an Australian context. This research aims to understand what factors drive and motivate businesses to implement sustainability practices, using a survey distributed among businesses operating in Victoria, Australia. The results show that the major motivation for businesses to implement actions was the belief of doing the right thing. Although financial returns were not considered a major driver, the results reveal that firms may not implement environmental activities if it is not financially viable. The responses also illustrate that understanding of CE-related terminology within businesses were low, and that this could be a result of common terms used within the Australian context. Improving the ethical and moral conscience of business decision makers and incorporating wider CE actions into the general concept of doing the right thing could increase businesses implementing CE practices more broadly. |
| https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/csr.2559 |
Similar Articles
| ID | Score | Article |
|---|---|---|
34587
|
Brennan, L; Binney, W; McCrohan, J; Lancaster, N Implementation of environmental sustainability in business: Suggestions for improvement(2011)Australasian Marketing Journal, 19, 1 | |
| 24776
|
Dinesh, LP; Gajanayake, A; Iyer-Raniga, U An exploration of drivers for small businesses to implement environmental actions in Victoria, Australia(2024)Business Strategy And Development, 7, 2 | |
| 2617
|
Masi, D; Kumar, V; Garza-Reyes, JA; Godsell, J Towards a more circular economy: exploring the awareness, practices, and barriers from a focal firm perspective(2018)Production Planning & Control, 29, 6 | |
| 798
|
Chakraborty, A; Lizarelli, FL; O'Loughlin, A; Barton, A; Kandra, HS Empirical evidence on circular economy adoption in Australian small and medium enterprises(2024) | |
| 3622
|
Dorado, AB; Leal, GG; Vila, RD Environmental policy and corporate sustainability: The mediating role of environmental management systems in circular economy adoption(2022)Corporate Social Responsibility And Environmental Management, 29, 4 | |
| 16821
|
Levänen, J; Park, S; Rosca, E Circular solutions in developing countries: Coping with sustainability tensions by means of technical functionality and business model relevance(2023)Business Strategy And Development, 6, 1 | |
| 619
|
Barreiro-Gen, M; Lozano, R How circular is the circular economy? Analysing the implementation of circular economy in organisations(2020)Business Strategy And The Environment, 29, 8 | |
| 16519
|
Horvath, B; Magda, R Possible bottlenecks in the strategic management of environmentally engaged companies - Transition to the world of circular businesses(2017) | |
| 967
|
Salvioni, DM; Almici, A Transitioning Toward a Circular Economy: The Impact of Stakeholder Engagement on Sustainability Culture(2020)Sustainability, 12, 20 | |
| 3719
|
Dey, PK; Malesios, C; De, D; Budhwar, P; Chowdhury, S; Cheffi, W Circular economy to enhance sustainability of small and medium-sized enterprises(2020)Business Strategy And The Environment, 29, 6 |