A Multidimensional Model for the Transition of SMEs to the Circular Economy

PRIN 2022 Aureli

Abstract

European small and medium enterprises (SMEs) account for 99% of total EU business and contribute 85% to employment by providing 2/3 of total private sector jobs (Eurostat, 2018). The challenge launched by the EU to make the economy more circular is a great opportunity that companies, even small ones, must be able to seize. The Covid-19 crisis, the war in Ukraine and the consequent volatility of raw materials price strengthen the need to shift from a linear economy (LE) to a circular economy (CE) to overcome a no longer sustainable development model. While large companies are more organised in handling transition to the CE in a holistic way, SME) apply isolated and focused circular practices and struggle to rethink their business model. Existing literature outlines the main assets for sustainable competitive success: a governance oriented towards responsibility; the relationships with stakeholders; the attitude to innovation. At the same time, great focus is put on various aspects of CE implementation (e.g., core principles, business models, risk management, measurement tools, reporting). However, the need for an integrated approach to the CE transition (Chen, 2020) still remains; in particular, such an approach should drive the objective setting Ministero dell'Università e della Ricerca MUR - BANDO 2022 and selection of actions and resources to support the adoption of circular models, jointly enhancing the main assets of sustainable development. This research aims to: fill a gap highlighted in the literature by providing a methodological approach to support SMEs’ strategic transition to the CE in a comprehensive manner (Lewandowski, 2016; Korhonen et al., 2017); provide SMEs with an application model, which takes the form of a strategic management tool for the evaluation and planning of circularity, and which guarantees a strategic and non-fragmented approach to the CE, also considering different sector specificities. The model planning is based on the engagement of key stakeholders for the selection of relevant sectors for the achievement of the SDGs, the identification of key performance indicators and sectoral benchmarks for each CE founding asset, as well as the testing activity in pilot companies and geographical areas. Finally, the research outcomes will be disseminated to the national and international scientific community and local territories to make the model usable by SMEs. The project proposal can have significant impacts. It benefits the international scientific community through further advancement of knowledge, bridging an existing gap by emphasising the need to approach the CE with a systemic and integrated governance vision. Moreover, the project provides a practical contribution to society and economy: SMEs will be able to enjoy support, also useful to attract both private funds, as required by the European regulation on taxonomy for sustainable activities, and public financing, as provided by Italy’s 2021 Budget Law and the National Recovery and Resilience Plan (NRRP).

Dettagli del progetto

Responsabile scientifico: Selena Aureli

Strutture Unibo coinvolte:
Dipartimento di Scienze Aziendali

Coordinatore:
Università  degli Studi di BRESCIA(Italy)

Contributo totale Unibo: Euro (EUR) 41.977,00
Durata del progetto in mesi: 24
Data di inizio 28/09/2023
Data di fine: 28/02/2026

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