Circular economy and sustainability capability: the case of HM

Mohammad B. Rana and Syed Ahmed Tajuddin

Chapter 11 in Upgrading the Global Garment Industry, 2021, pp 253-282 from Edward Elgar Publishing

Abstract: While sustainability has been a central focus of the multinational corporations and global value chain (GVC) literature, there has been a lack of understanding of sustainability capability (SC) and its link to the circular economy (CE) practice. Our study conceptualises SC in light of the CE and derives a framework to measure a firm’s SC in the GVC. Drawing on the three parameters, a) perfect duty, b) specific goals for economic, social and environmental sustainability, and c) a well-defined structure and strategies, we develop a framework to measure SC, leading to six different levels of SC: i) perfectly sustainable corporation, ii) imperfectly sustainable corporation, iii) occasionally sustainable corporation, iv) consistently sustainable corporation in selective areas, v) inconsistently sustainable corporation in selective areas, and vi) occasionally sustainable corporation in selective areas. In addition, we present a discussion of the challenges associated with SC achievement and CE practices. Our proposed framework is validated through the case of H&M. Our study bridges sustainability, the CE, and firm capability, thereby contributing to sustainable strategic management in the global value chain.

Keywords: Asian Studies; Business and Management; Development Studies; Economics and Finance; Geography (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781789907643/9781789907643.00019.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:19294_11

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().