TY - JOUR
T1 - Circular economy finance
T2 - Clear winner or risky proposition?
AU - Dewick, Paul
AU - Bengtsson, Magnus
AU - Cohen, Maurie J.
AU - Sarkis, Joseph
AU - Schröder, Patrick
N1 - Funding Information:
Thanks to the four anonymous reviewers and the editor for their scrutiny and valuable critique that have helped substantially to improve this article. The authors are all members of the Circular Economy Working Group of the Future Earth Knowledge-Action Group on Systems of Sustainable Consumption and Production (https://futureearth.org/networks/knowledge-action-networks/systems-of-sustainable-consumption-and-production).
Publisher Copyright:
© 2020 by Yale University
PY - 2020/6/18
Y1 - 2020/6/18
N2 - A major shift in private and public investment is needed to forge a transition to a circular economy. A recent surge of activity from policy makers, the financial industry, and other stakeholders suggests commitment and progress toward providing resources to facilitate this process. In this forum article, we provide a measured, and in some respects critical and corrective, assessment of these developments. We highlight the risk that progress toward a circular economy will be curtailed by strategic decisions based on contestable understanding, fuzzy indicators, and inadequate information. Before major industry actors implement international investment standards, launch innovative financing vehicles, and ramp up investment, we call for more effective oversight to prevent the circular economy from becoming yet another compromised and ultimately ineffectual sustainability concept.
AB - A major shift in private and public investment is needed to forge a transition to a circular economy. A recent surge of activity from policy makers, the financial industry, and other stakeholders suggests commitment and progress toward providing resources to facilitate this process. In this forum article, we provide a measured, and in some respects critical and corrective, assessment of these developments. We highlight the risk that progress toward a circular economy will be curtailed by strategic decisions based on contestable understanding, fuzzy indicators, and inadequate information. Before major industry actors implement international investment standards, launch innovative financing vehicles, and ramp up investment, we call for more effective oversight to prevent the circular economy from becoming yet another compromised and ultimately ineffectual sustainability concept.
KW - 512 Business and Management
KW - circular economy
KW - environment and finance
KW - industrial ecology
KW - socially responsible investing (SRI)
KW - sustainability indicators
KW - sustainable development
UR - http://www.scopus.com/inward/record.url?scp=85087294697&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/11f6eced-b6fb-32ca-b663-a0e15db732b0/
U2 - 10.1111/jiec.13025
DO - 10.1111/jiec.13025
M3 - Article
AN - SCOPUS:85087294697
SN - 1088-1980
VL - 24
SP - 1192
EP - 1200
JO - Journal of Industrial Ecology
JF - Journal of Industrial Ecology
IS - 6
ER -
