Over the last couple of decades, sustainability has gained importance in the business world, and a concept that has often been used as a prime example of how to deal with today’s environmental problems is circular economy. Even though the topic is relatively new, there has already been quite some debate about its actual advantages and disadvantages, and while there is as of yet no consensus, the majority argues that the application of circular economy practices will be beneficial for the environment. Which is exactly what this research has attempted to ascertain by looking at 78 firms from a wide range of industries yet all from the Nordic region, since this geographical area has been hailed repeatedly for their sustainability. This was done by performing a hierarchical regression analysis on the data in order to explore a possible relationship between the score of a firm on the benchmark of circular economy practices and its corresponding environmental performance, specifically energy consumption, water usage and greenhouse gas emissions. The hierarchical regression analysis showed a significantly positive relationship between a firm’s score on the benchmark of circular economy practices and its energy consumption, while controlling for firm size, industry, debt ratio,slack resources and country of origin, which was contrary to expectations. No such relationship was found between a firm’s benchmark score and their water usage, the same goes for greenhouse gas emissions. Nevertheless, this research has taken an important step in understanding the relationship between circular economy practices and a firm’s environmental performance, and in doing so has opened up new avenues to explore in terms of future research. While the Nordic region is on the right track, there is still a long road ahead.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-324860 |
| Date | January 2017 |
| Creators | Horikx, Lotte, Beqiri, Bledar |
| Publisher | Uppsala universitet, Företagsekonomiska institutionen, Uppsala universitet, Företagsekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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