FM - Sustainability

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Browsing FM - Sustainability by Subject "Circular economy"

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    Social economy enterprises contributing to the circular economy and the green transition in Romania
    (CIRIEC Spain, 2023) Barna, Cristina; Zbuchea, Alexandra; Stănescu, Simona Maria
    Recently, there is a new European Union commitment to the potential of the social economy which is a pioneer in job creation linked to the circular economy that will be further leveraged by the mutual benefits of supporting the green transition and strengthening social inclusion. Considering this general context, we propose in this paper an exploratory research aiming to investigate the potential of the Romanian social economy sector as part of a circular economy approach that could advance the green transition in the following years. Our paper is based on the findings of preliminary systematic content analysis for the identification of the social enterprises in Romania which include circular economy and/or green economy in their business model, and on qualitative research based on semi-structured in-depth interviews with the social economy organizations’ managers. We have highlighted five good practice examples (Recicleta, Atelierul de Pânză, Educlick/Reconect, Remesh, and Bio&co Farm), which clearly show that combining the principles of social economy with the ones of circular/green economy is a strategy that might lead to overcoming the current challenges of the society. Our investigations represent the first approach to this topic, aiming to understand the specific challenges of the circular or green economy and social economy models when joining forces together for sustainable development in the context of an emerging social economy, as is the case of Romania.
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    Sustainability trends in the fast fashion industry
    (Tritonic, 2023-10-27) Pătruți, Petra
    The Fast Fashion industry is a highly polluting industry generating much concern in the academic world. The paper maps the global sustainable trends in the fast fashion market found in 2 databases, Scopus and Web of Science, from January 2000 till July 2023 and contains a literature review of these trends and dimensions. The fact that we want to offer a complex view of the actual trends in the global fashion industry reflects our research gap, which may significantly impact tomorrow's sustainability. The trends are also further discussed and addressed and will be of high value as they better understand the barriers to adopting these sustainable trends on larger scales, leading practitioners to announce proactive solutions for a better and more sustainable future. From a theoretical point of view, we want to expand the knowledge of what the sustainability of the fashion industry on a global level can look like based on different components and dimensions. Similarities were found in analyzing the trend from the two databases as general directions for the international trends.
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    Sustainable behaviour of B Corps fashion companies during Covid-19: A quantitative economic analysis
    (Elsevier, 2022-09-14) Ferioli, Matteo; Gazzola, Patrizia; Grechi, Danieli; Vătămănescu, Elena Mădălina
    This paper investigates whether or not Italian Certified B Corps® in the fashion industry achieved levels of corporate social responsibility (CSR) and financial performance that are comparable to listed companies in the same industry during the Covid-19 pandemic. After a review of the literature concerning B Corps, CSR and the circular economy, as well as some coverage of pandemic impacts, a quantitative approach is used to analyze the data empirically. Based on the data available, the study incorporated the entire population of Italian listed companies and B Corps in the fashion industry. Moreover, this study confirms the relationship between CSR and financial performance. The availability of sustainability documents other than the required social responsibility report does not directly affect a company’s profitability, but they are necessary for the long term. The results also confirm the positive relationship between sustainability certification and higher financial performance, as the most sustainable companies were also the most profitable. Certified B Corps® declare their willingness to adopt circular economic principles to the same extent as non-certified listed companies. Moreover, the results show that consumers mainly remember the information disclosed on a company’s homepage; therefore, managers should publish more there. However, they should not underestimate the importance of their sustainability report because it is an effective social communication tool, especially in the long term. Finally, obtaining the B Corp certification will allow companies to inform stakeholders of their social responsibility and achieve higher financial results.