Business Strategy and The Environment最新文献

{"title":"Are Retail Consumers Willing to Pay for All Circular Products? A Study on Consumer Perception of the Circular Economy in Retail","authors":"Agnes Toth‐Peter, Sadia Cheema, Rui Torres de Oliveira, Tam Nguyen","doi":"10.1002/bse.4269","DOIUrl":"https://doi.org/10.1002/bse.4269","url":null,"abstract":"The planetary crisis, stemming from overconsumption and unsustainable production patterns, necessitates a shift towards balanced economic, environmental and social growth. The circular economy presents a promising solution by promoting material recirculation. While its success relies on collaboration among various stakeholders, consumers are crucial for accepting circular economy products and business models. However, despite increasing environmental awareness, the literature shows that many consumers resist purchasing previously used products due to perceived inferiority, risk and low quality, which could hinder the adoption of circular economy products. Understanding consumer behaviour, particularly their willingness to buy and pay for circular economy products, is essential for businesses seeking to promote sustainable consumption and achieve market growth. This study investigates consumer perceptions of circular economy, using simplified terms of reused, recycled and recovered, across 11 product categories through a quantitative survey of 607 Australian respondents. The results indicate that personal financial benefits are prioritised over ecological reasons, and there is variability in perceived product performance across categories. Additionally, price sensitivity and affordability play a key role in consumer decision‐making. Notably, while younger and male consumers show a greater inclination to purchase circular economy products, the broader consumer base remains unwilling to pay a premium. These insights can guide businesses and policymakers in developing targeted strategies emphasising price, functionality and quality to enhance consumer acceptance and adoption of circular economy products. We advance theory by demonstrating that consumer decisions are primarily driven by personal financial savings, rather than ecological or social benefits, challenging the prevailing assumption in literature that environmental and social motivations are the key drivers of sustainable consumption, even in developed economies. We also emphasise the need for theories to account for significant variability in perceived product performance across categories when investigating willingness to pay for circular economy products.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"105 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143832126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate Climate Risk and Membership of Emission Trading Schemes","authors":"Gbenga Adamolekun, Ammar Ahmed, Nana Abena Kwansa, Rodiat Lawal, Rilwan Sakariyahu","doi":"10.1002/bse.4286","DOIUrl":"https://doi.org/10.1002/bse.4286","url":null,"abstract":"Using a sample of 5364 firms from 65 countries, we demonstrate that membership in the scheme increases firm climate risk. Further analysis reveals that the positive impact of membership on climate risk is pronounced among firms in carbon‐intensive industries. Our findings demonstrate that continental differences and legal origin could moderate or exacerbate the relationship between emission trading schemes (ETSs) and corporate climate risk. Similarly, the positive relationship between ETSs and corporate climate risk is only significant in the period after the Paris Agreement. This indicates that public interest in climate change discussions may have driven membership in the initiative rather than reflecting a real commitment to reducing carbon emissions. Additionally, we show that membership has short‐ to medium‐term effects on corporate climate risk. Our results are robust to a battery of tests such as propensity score matching (PSM) and generalized method of moments (GMM).","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"38 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143827195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Pathways to a Sustainable Blue Economy: Exploring Its Barriers in an Emerging Economy","authors":"Koppiahraj Karuppiah, Jose Arturo Garza‐Reyes, Naveen Virmani","doi":"10.1002/bse.4294","DOIUrl":"https://doi.org/10.1002/bse.4294","url":null,"abstract":"A sustainable blue economy is primarily intended for responsible consumption of ocean resources, achieving economic growth, and strengthening the overall ecosystem. The roots of the blue economy are embedded in sustainable development, exploiting opportunities for economic welfare and growth, simultaneously focusing on conserving marine health. A sustainable blue economy helps protect and restore ocean health and its ecosystem, facilitating biodiversity and reducing environmental degradation. Moreover, it provides sustainable ways for social well‐being by supporting the livelihood of the people living in nearby areas. However, adopting a blue economy is complex, as highlighted in the literature. Therefore, in the presented research, the barriers to adopting a blue economy are investigated using scholarly research and verified using expert opinions. Moreover, we used a hybrid approach in this proposed research, a Fermatean Fuzzy Set‐based Analytic Hierarchy Process (AHP), and a Decision‐Making Trial and Evaluation Laboratory (DEMATEL). The research results show that the marine environment and technological infrastructure are the most significant barriers. The research results are highly insightful for business professionals, policymakers, and researchers trying to adopt sustainable blue economy practices successfully. Also, it will mitigate environmental issues, improve ocean health, and improve sustainable fisheries and aquaculture.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"183 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143827201","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Propelling the Transition to Circular Economy: Exploring the Role of Corporate Circular Economy Performance‐Based Incentive Policy","authors":"Emmanuel A. Morrison, Douglas A. Adu, Danson Kimani","doi":"10.1002/bse.4285","DOIUrl":"https://doi.org/10.1002/bse.4285","url":null,"abstract":"This study examines the impact of executive compensation (EC) and corporate circular economy performance incentives (CCEPI) on corporate circular economy initiatives (CCEI) and corporate circular economy performance (CCEP) by integrating legitimacy theory and the resource‐based view. Despite increasing attention to sustainability, there is limited understanding of how governance mechanisms, such as EC and CCEPI, drive circular economy practices. Addressing this gap, we analyse 41,370 firm‐year observations from 50 countries over the period 2002–2022. The findings reveal four key insights: (1) higher EC significantly enhances CCEI, demonstrating greater corporate commitment to circular economy practices; (2) CCEPI positively influences the effectiveness of CE efforts; (3) CCEPI does not directly improve CCEP but strengthens CCEI as a long‐term strategic investment; (4) these relationships vary by country, sector and over time. The study offers crucial implications for policymakers and practitioners, emphasising the role of targeted incentives in promoting sustainable business practices and recognising the contextual factors that affect their effectiveness.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"218 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143827196","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Correction to ‘Developing a Circular Economy Framework for E‐Commerce Packaging Materials: A Study on Behavioural Intentions of Online Consumers’","authors":"","doi":"10.1002/bse.4298","DOIUrl":"https://doi.org/10.1002/bse.4298","url":null,"abstract":"","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"218 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143822651","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Restoring Food System Resilience in a Turbulent World: Supply Chain Actors' Shared Responsibility","authors":"Steffen Hirth, Elizabeth Morgan, Gülbanu Kaptan, Romain Crastes dit Sourd, Anne Tallontire, William Young, Michael Winter","doi":"10.1002/bse.4287","DOIUrl":"https://doi.org/10.1002/bse.4287","url":null,"abstract":"Ecological and economic crises increasingly affect the long‐term resilience of the food supply chain. This qualitative study draws on semistructured interviews and public evidence to analyse the perspectives of British supply chain actors. Asking which pathways towards food system resilience arise and which forms of social and environmental governance they require, the aim is to elucidate power relations in the fresh produce supply chain and clarify governance requirements and responsibilities to transform food systems towards resilience and sustainability. The stakeholders addressed responsibilities for a sustainable and resilient food system, including effective policies and appropriate pricing, to ensure both high social and environmental standards in the supply chain and widespread affordability of healthy and sustainable foods. Findings emphasise the importance of policy to resolve conflicts of interest over low or high prices and the adoption of hybrid governance and shared responsibility, while also accounting for actors' different spheres of influence.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"39 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143819214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Digital Transformation on the Sustainable Performance of Organizations: A Configurational Approach","authors":"Manting Luo, Jiabao Lin, Xin (Robert) Luo","doi":"10.1002/bse.4279","DOIUrl":"https://doi.org/10.1002/bse.4279","url":null,"abstract":"Sustainable development has emerged as a critical concern globally, and digital transformation holds enormous potential for advancing the sustainable development of organizations. However, the relationship between digital transformation and sustainable performance remains largely unclear. To gain an in‐depth understanding of this relationship, we explore the effects of digital transformation dimensions on sustainable performance across diverse environmental and organizational conditions from a configuration perspective. The findings show that efficiency transformation and value transformation have different combinatory effects (facilitating or inhibiting) in achieving economic and environmental performance configurations in agribusinesses, considering organizational and environmental factors, such as firm size, industry type, and market turbulence. This study offers new perspectives on this relationship and provides managerial insights into how agribusinesses can achieve sustainable performance in different organizations and environments.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"75 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143813507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Strategic Role of Circular Economy Innovations and Stakeholder Engagement in Advancing Responsible Production and Consumption","authors":"Li KaoDui, Maxwell Kongkuah","doi":"10.1002/bse.4267","DOIUrl":"https://doi.org/10.1002/bse.4267","url":null,"abstract":"As the urgency of global sustainability goals intensifies, achieving responsible production and consumption (RPC) has become a critical priority, especially in emerging markets where economic growth must be balanced with environmental stewardship. Businesses play a pivotal role in advancing sustainability, and understanding how governance practices influence RPC is essential for aligning corporate strategies with global objectives. This study investigates how circular economy innovations and stakeholder engagement moderate the link between indigenous directors and RPC. Using secondary data from 439 manufacturing firms across MENA countries between 2012 and 2022, we employed the method of moments quantile regression (MMQR) and fixed effects estimations, addressing endogeneity through GMM modeling and propensity score matching techniques. Our findings demonstrate that indigenous directors significantly enhance RPC across all quantiles. Additionally, circular economy innovations not only advance RPC but also amplify the positive effects of indigenous directors on sustainable practices. Stakeholder engagement further strengthens this relationship, particularly in higher quantiles, underscoring the importance of inclusive governance for achieving sustainability goals. These insights provide actionable implications for business leaders and policymakers, particularly in the MENA region, by emphasizing the strategic integration of Indigenous leadership and circular economy innovations into corporate governance. This study offers a framework for aligning business strategies with global sustainability objectives, notably SDG 12 while also contributing to the literature on strategic management and sustainability. By highlighting the role of Indigenous leadership in driving sustainable practices, this research provides valuable guidance for firms and policymakers seeking to advance environmental sustainability in emerging market economies.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"183 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143797881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Transparency or Map‐Washing? Digital Geospatial Visualisation Tools in the Palm Oil Industry","authors":"Rory Padfield, Suzana Matoh, Adam Tyson, Chee Wong, Gemma Bridge, Alexandra Dales","doi":"10.1002/bse.4280","DOIUrl":"https://doi.org/10.1002/bse.4280","url":null,"abstract":"We introduce the notion of map‐washing and ask whether digital geospatial visualisation (DGV) tools distort information or provide greater supply chain transparency. Map‐washing explains a process of disclosing spatial information that has little or no value to the intended users, but rather creates, conforms to or distorts a particular narrative. In the context of advancements in satellite technology, cloud‐based geographic information systems and sophisticated web‐based digital programming, we observe the rise of sophisticated web‐based tools that offer geospatial visualisations of business activities. Firms across a broad range of agro‐commodities are investing in DGV tools as part of efforts to achieve greater levels of transparency in their operations. The function of these tools, their intended audiences and the broader environmental and social outcomes remain unclear. Our research is based on a desk‐based analysis of DGV tools employed across the palm oil industry, and interviews with informed stakeholders in the palm oil and related industries. From 97 companies assessed in the study, we identified 16 companies with active DGV tools. We found that companies employ a spectrum of geospatial visualisation tools that differ in the technologies used, data inputs, level of interactivity, type of collaborations and the outcomes and degree of stakeholder participation. We argue that the spatialisation of palm oil supply chains achieves a sophistication in corporate communication that is more difficult to achieve with traditional CSR reporting. Yet we also contend that the transformative power of these tools is open to debate, arguing that map‐washing may deflect attention away from negative externalities. We propose guidelines and regulation as a means to enhance the positive contributions of DGV tools to sustainability and transparency.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"16 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143797819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Accounting and Accountability in the Transition to Zero‐Carbon Energy for Climate Change: A Systematic Literature Review","authors":"Assunta Di Vaio, Meghna Chhabra, Anum Zaffar, Daniel Balsalobre‐Lorente","doi":"10.1002/bse.4282","DOIUrl":"https://doi.org/10.1002/bse.4282","url":null,"abstract":"This study investigates the body of literature on decarbonization management practices that use renewable resources and green technologies to meet zero‐carbon energy targets for achieving Sustainable Development Goal (SDG) 13 to ‘Take urgent action to combat climate change and its impacts’. Starting with the ongoing discussion surrounding the development of an information architecture to support effective decision‐making in decarbonization processes, this study explores the role of accounting models in measuring and reporting decarbonization effects and accountability models that ensure that firms track progress, take responsibility for their environmental and social impacts and address challenges. These models guide resource allocation and adoption of green technologies to meet sustainability targets. A systematic literature review (SLR) was performed to clarify how scholars have addressed issues regarding zero‐carbon energy for mitigating climate change through accounting and accountability models. SLR was performed on 319 English articles published in the Scopus database and Google Scholar between 1990 and 2024. The results highlight that firms face extensive pressure from stakeholders and regulatory bodies regarding the legitimacy and transparency of decarbonization practices to meet zero‐carbon energy requirements. The content analysis results revealed that sustainability reporting is useful for firms in rethinking decarbonization initiatives and linking them to the achievement of zero‐carbon energy goals. Accounting and accountability models that embrace green technologies and renewable resources have increased institutional and stakeholder acceptance. This study is the first to examine how accounting and accountability systems can play a key role in firms through integrated thinking, which moves from integrated zero‐carbon reporting to zero‐carbon energy and the adoption of green technologies in decarbonization processes. This approach allowed us to discover accounting and accountability models through sustainable thinking for integrated accountability reporting during the twin transition process.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"183 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143784711","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}