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2021 | OriginalPaper | Chapter

Towards Sustainable Business Strategies for a Circular Economy: Environmental, Social and Governance (ESG) Performance and Evaluation

Authors : Rashmi Anoop Patil, Patrizia Ghisellini, Seeram Ramakrishna

Published in: An Introduction to Circular Economy

Publisher: Springer Singapore

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Abstract

This chapter seeks to give a foundational overview of Environmental, Social, and Governance (ESG) metrics. The definition of individual ESG factors is first introduced to highlight sustainability considerations in businesses and how these can be considered and support circularity in business operations. The chapter further develops the concept that ESG reporting serves as an enabling tool with which the business operations can drive circularity and remedy the existing limitations of the linear economy in practice. The rise in ESG reporting from companies, and the ESG considerations of companies based on their disclosures are discussed. Incorporation of ESG factors into business operations is also evidenced through real-world case studies. The impact of ESG performance and the growing awareness of sustainability among businesses, consumers, and investors on the current investing trends and its contribution to embracing circularity is presented as the conclusion of the chapter.

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previous chapter Life Cycle Costing: Methodology and Applications in a Circular Economy
next chapter Circular Economy Practices in India
Footnotes
18
The explanation provided here reflects Refinitiv’s ESG scoring methodology [22].
 
20
The Coca-Cola Company (KO) ESG Risk Ratings by Sustainalytics Inc. (Last updated on 1/2020) https://​sg.​finance.​yahoo.​com/​quote/​KO/​sustainability/​.
 
23
Intel Corporation (INTC) ESG Risk Ratings by Sustainalytics Inc. (Last updated on 1/2020) https://​finance.​yahoo.​com/​quote/​INTC/​sustainability/​.
 
24
Apple Corporate Social Responsibility (CSR) by John Dudovskiy https://​research-methodology.​net/​apple-corporate-social-responsibility-csr/​.
 
26
Apple Inc. (AAPL) ESG Risk Ratings by Sustainalytics Inc. (Last updated on 1/2020) https://​sg.​finance.​yahoo.​com/​quote/​AAPL/​sustainability/​.
 
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Metadata
Title
Towards Sustainable Business Strategies for a Circular Economy: Environmental, Social and Governance (ESG) Performance and Evaluation
Authors
Rashmi Anoop Patil
Patrizia Ghisellini
Seeram Ramakrishna
Copyright Year
2021
Publisher
Springer Singapore
Book
An Introduction to Circular Economy

Print ISBN: 978-981-15-8509-8

Electronic ISBN: 978-981-15-8510-4

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-981-15-8510-4_26

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