| Title | Circular economy and firm performance: The influence of product life cycle analysis, upcycling, and redesign |
|---|---|
| ID_Doc | 3585 |
| Authors | Triguero, A; Moreno-Mondéjar, L; Sáez-Martínez, FJ |
| Title | Circular economy and firm performance: The influence of product life cycle analysis, upcycling, and redesign |
| Year | 2023 |
| Published | Sustainable Development, 31, 4 |
| Abstract | The transition toward a circular economy (CE) implies the introduction of innovative practices at the firm level. Nevertheless, an important question is under discussion: What are the consequences of these practices on firm performance? Using a survey approach, this article analyzes the effect of CE practices related to product design on economic and environmental performance: life cycle assessment (LCA), product upgradability, and design for disassembly, reuse, and recycling in a sample of 300 firms. Our findings show that, although most of the companies are carrying out some eco-innovation (innovations aimed to reduce the environmental damage of their activity), only process eco-innovations new to the market improve economic performance but not environmental performance. However, LCA is a tool for implementing CE principles, helping to improve both. Eco-design is positively associated with economic performance. The results provide managers and policy makers new insights on the long road to achieving this transition. |
| https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/sd.2509 |
Similar Articles
| ID | Score | Article |
|---|---|---|
28355
|
Chen, CW Improving Circular Economy Business Models: Opportunities for Business and Innovation A new framework for businesses to create a truly circular economy(2020)Johnson Matthey Technology Review, 64.0, 1 | |
| 16501
|
van Loon, P; Diener, D; Harris, S Circular products and business models and environmental impact reductions: Current knowledge and knowledge gaps(2021) | |
| 21736
|
Bjornbet, MM; Vildåsen, SS Life Cycle Assessment to Ensure Sustainability of Circular Business Models in Manufacturing(2021)Sustainability, 13.0, 19 | |
| 28193
|
Sakao, T; Bocken, N; Nasr, N; Umeda, Y Implementing circular economy activities in manufacturing for environmental sustainability(2024)Cirp Annals-Manufacturing Technology, 73.0, 2 | |
| 5336
|
Fernando, Y; Tseng, ML; Sroufe, R; Abideen, AZ; Shaharudin, MS; Jose, R Eco-innovation impacts on recycled product performance and competitiveness: Malaysian automotive industry(2021) | |
| 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 | |
| 3506
|
Spreafico, C An analysis of design strategies for circular economy through life cycle assessment(2022)Environmental Monitoring And Assessment, 194, 3 | |
| 416
|
Dragomir, VD; Dutescu, A New business models in the Circular Economy(2022)Proceedings Of The International Conference On Business Excellence, 16, 1 | |
| 20932
|
Das, A; Konietzko, J; Bocken, N How do companies measure and forecast environmental impacts when experimenting with circular business models?(2022) | |
| 16746
|
Wang, HY; Masi, D; Dhamotharan, L; Day, S; Kumar, A; Li, T; Singh, G Unconventional path dependence: How adopting product take-back and recycling systems contributes to future eco-innovations(2022) |