Table Of ContentCircular Economy and
SUSTAINABILITY
1
VOLUME
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Circular Economy and
SUSTAINABILITY
1
VOLUME
Management and Policy
Edited by
ALEXANDROS STEFANAKIS
Assistant Professor,EnvironmentalEngineeringand Management
Laboratory, Schoolof Chemical and Environmental Engineering,
Technical University of Crete,Greece
IOANNIS NIKOLAOU
AssociateProfessor,BusinessEconomicsandEnvironmentalTechnology
Laboratory, Department of EnvironmentalEngineering,Democritus
University of Thrace,Greece
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Contents
Contributors xv
Preface xxi
1. Areview of circular economy literature througha threefold level framework
andengineering-management approach 1
IoannisE.NikolaouandAlexandrosI.Stefanakis
1. Introduction 1
2. Theoreticalbackground 2
3. Methodology 4
4. Results 8
5. Conclusionanddiscussion 14
References 14
2. Steering the circular economy: Anew role for Adam Smith's
invisible hand 21
KeithR.Skene
1. Introduction 21
2. Weakandstrongsustainability 23
3. Systemstheory 24
4. Thetripartiteinvisibleembrace 26
5. TheOgiekpeopleandthehoneyeconomy 28
6. Conclusions 30
Acknowledgment 31
References 31
3. Asystemsthinkingperspective for the circular economy 35
SeigoRobinson
1. Introduction 35
2. Structureasadriverofbehavior 36
3. Systemcharacteristics 43
4. Leveragepoints 46
5. Conclusion 50
References 51
v
vi Contents
4. Conceptualizing the circular bioeconomy 53
WarrenE.Mabee
1. Introduction 53
2. Circularbioeconomies 54
3. Benefitsofacircularbioeconomy 60
4. Barrierstothecircularbioeconomy 63
5. Waysforward 65
References 66
5. Circular economy andfinancial performances of EuropeanSMEs 71
CristinaMocanu,EvaMilitaru,AnaMariaZamfir,andMonicaMihaelaMaer-Matei
1. Introduction 71
2. Literaturereview 72
3. Methodology 74
4. Resultsanddiscussions 77
5. Conclusions 81
A. Appendix1 82
B. Appendix2 84
References 85
6. History andevolution of the circular economy and circular
economy business models 87
AlishaTuladhar,KonstantinosIatridis,andDimoDimov
1. Introduction 87
2. Methodology 88
3. Circulareconomy:History,evolution,anddefinition 88
4. Circularbusinessmodel(CBM) 95
5. Futureresearchagenda/conclusion 102
References 103
7. A triple-levelframework to evaluate the level of involvementof firms
in the circular economy (CE) 107
G.Lanaras-Mamounis,A.Kipritsis,ThomasA.Tsalis,KonstantinosΙ.Vatalis,
andIoannisE.Nikolaou
1. Introduction 107
2. Theoreticalbackground 108
3. Researchmethodologicalframework 111
4. Questionnairesurvey 113
5. Conclusionanddiscussion 120
A. Appendix1 121
References 124
Contents vii
8. Exploringresource-service systems—Beyond product-servicesystems
and toward configurationsof circular strategies, business models,
and actors 127
FennaBlomsma,MikeTennant,andGeraldineBrennan
1. Introduction 127
2. Theresource-servicesystemliteratureanditslimitations 129
3. Researchdesign 132
4. Results—AnalysisofRiversimple—Acar-as-a-servicecompany 136
5. Discussionandconclusion—Resource-servicesystems 140
References 143
9. Complementing circular economy with life cycle assessment: Deeper
understanding of economic, social,andenvironmentalsustainability 145
MehzabeenMannanandSamiG.Al-Ghamdi
1. Introduction 145
2. LCA:Aholisticapproach 145
3. LCAinCE 151
4. CEandLCA:Casestudies 153
5. Summary 157
References 158
10. Lifecyclecostingasawaytoincludeeconomicsustainabilityin
thecirculareconomy.Newperspectivesfromresource-intensive
industries 161
M.SoniaMedina-Salgado,AnnaMariaFerrari,DavideSettembre-Blundo,
MarcoCucchi,andFernandoE.García-Muiña
1. Introduction 161
2. Literaturereview 162
3. Methodologicalframework 164
4. TheaggregateLCCcalculationmodel 165
5. Interpretationanddiscussionoftheresults 171
6. Conclusions 173
Acknowledgments 174
References 174
11. Circular economy duringprojectlife cycle 177
IbtisamSulaimanAlhosni,OmarAmoudi,andNicolaCallaghan
1. Introduction 177
2. Methodology 178
viii Contents
3. CEinconstruction/builtenvironment 178
4. Conclusionsanddiscussion 186
References 186
12. The role of ecodesign inthe circular economy 189
KarineVanDoorsselaer
1. Introduction 189
2. Ecodesign 190
3. Ecodesigntools 198
4. Theroleofthedesignerinthevaluechain 203
5. Conclusion 204
References 205
Furtherreading 205
13. Sustainable finance andcircular economy 207
AnastasiosSepetis
1. Introduction 207
2. Sustainablefinanceandcirculareconomypolicies 208
3. Theenvironmental,social,andgovernance(ESG)riskandthecircularrisk 212
4. Sustainablefinanceandcirculareconomyforasustainable
capitalmarket 216
5. Resultsanddiscussion 221
6. Conclusion 223
References 225
14. How to advance sustainable andcircular economy-orientedpublic
procurement—A review of the operational environment and a case study
from the Kymenlaakso region in Finland 227
R.Husgafvel,L.Linkosalmi,D.Sakaguchi,andM.Hughes
1. Introduction 227
2. Aimsofthestudy 242
3. Materialandmethods 242
4. Results 244
5. Discussion 254
6. Conclusions 267
Acknowledgments 270
References 270
Contents ix
15. A framework tointegrate circular economy principles into public
procurement 279
IoannisE.Nikolaou,ThomasA.Tsalis,andKonstantinosI.Vatalis
1. Introduction 279
2. Theoreticalunderpinnings 280
3. Methodology 283
4. Computationalexamplesandresults 286
5. Conclusionanddiscussion 286
References 289
16. The role of publicpolicy inthe promotion ofsustainability bymeans of
corporate social responsibility: The case of the chemicalssector
worldwide 293
JoanaCosta,ManuelaCastroSilva,andT^aniaFreitas
1. Introduction 293
2. Literaturereview 294
3. Methodology 301
4. Econometricestimations 302
5. Conclusionsandpolicyrecommendations 304
References 305
17. Awareness-led social labon circular economy in Switzerland:
Exploring serendipity 309
DaryaGerasimenkoandEricaMazerolle-Castillo
1. Introduction 309
2. BeyondWaste:CircularResourcesLab2018 311
3. Theserendipitouslearningsfromtheexperienceofourcohostingteam 318
4. Selectionoftheserendipitousinsightsfromthelabcohortmembers 323
5. Discussion 329
Acknowledgments(Financialsupport) 331
References 331
18. How circular design atsignify brings economic, environmental,
and social value 335
AntonBrummelhuisandThomasMarinelli
1. Introduction 335
2. Sustainabledesignforbrighterlivesandabetterworld 336
