Sustainability and the Circular Economy Business Development

Albérico Travassos Rosário, Paula Lopes () and Filipe Sales Rosário
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Albérico Travassos Rosário: The Research Unit on Governance, Competitiveness and Public Policies (GOVCOPP), Universidade Europeia, 1200-649 Lisbon, Portugal
Paula Lopes: School of Communication, Architecture, Arts and Information Technologies (ECATI), CICANT—Lusófona University, 1749-024 Lisbon, Portugal
Filipe Sales Rosário: Faculty of Design, Technology and Communication (IADE), Universidade Europeia, 1200-649 Lisbon, Portugal

Sustainability, 2024, vol. 16, issue 14, 1-24

Abstract: Currently, there has been a tendency for companies to focus on the development of their businesses following circular economy trends associated with sustainability. European Community guidelines have established deadlines for the implementation of management strategies that allow creating and maintaining an effective and resource-efficient economic system, reducing the amount of energy and materials used in production. This study aims to analyze the existing literature review on the integration of sustainability and circular economy (CE) principles into business development. The research methodology is a systematic literature review using the SCOPUS database, in which 97 academic articles were analyzed after exclusion using keywords. The findings show that, after the analysis carried out in VOSviewer, business development, and circular economy are themes studied by many authors, with links related to the theme of sustainability. The conclusions indicate that CE and sustainability are interlinked, and companies must implement appropriate sustainability and CE strategies to increase their competitiveness and improve resource efficiency. These strategies can integrate innovative technologies, the use of sharing platforms, extending the useful life of products, recovering resources to minimize waste, and integrating sustainability concepts into business.

Keywords: sustainability; circular economy; business development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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