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Cited by 349Bioeconomy and Sustainability DevelopmentSustainable Supply Chain ManagementEnvironmental Sustainability in Business

The DOI matches its Crossref record, with a small difference in title or year; 9 of the 9 references it cites were found in a registry or an index.

Towards sustainability? Forest-based circular bioeconomy business models in Finnish SMEs

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D'Amato, Dalia, Veijonaho, Simo, Toppinen, Anne·2020·Forest Policy and Economics
DOI 10.1016/j.forpol.2018.12.004
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Abstract

In line with the Sustainable Development Goals of the UN 2030 Agenda, the circular bioeconomy concept is gaining greater political momentum and research interest. A circular bioeconomy implies a more efficient resource management of bio-based renewable resources by integrating circular economy principles into the bioeconomy. These ideas have been well received at industry level since they are deemed to foster cost reductions, innovation and competitiveness. While recent scientific literature has dwelt on sustainability-related circular business models, empirical research on company-level implementation is only just emerging. Our study contributes to addressing this research lacuna by seeking answers to two questions: 1. How do small and medium-sized enterprises (SMEs) propose, create and deliver, and capture value through circular bioeconomy business models?; and 2. What are the business challenges and opportunities related to the operationalization of such business models? To this end, we employed content analysis on interview data gathered from managers in Finnish SME companies from the field of packaging, textiles, composite materials, cosmetics and pharmaceutical products. We outlined the main business model archetypes, and identified the key characteristics that enable value capture and delivery for various stakeholders. The contribution of this study is duly two-fold. From the perspective of a theoretical contribution, we expand and refine the conceptualization of susta…

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Metadata

Authors
D'Amato, D., Veijonaho, S., & Toppinen, A.
Affiliations
University of Helsinki (FI)
ORCID
Toppinen, Anne
Venue
Forest Policy and Economics
Publisher
Elsevier BV
Published
2020-01
Volume
110
Pages
101848
ISSN
1389-9341 (ISSN-L)
DOI
10.1016/j.forpol.2018.12.004
OpenAlex
W2904440676
Cited by
349
References
61
Citations by year
2026: 32 · 2025: 47 · 2024: 46 · 2023: 61 · 2022: 71 · 2021: 48 · 2020: 30
FWCI
57.29
Type
journal article
Language
en
Update notices
erratum (2021-06-01)
Open access
Licence
Locations
  • Forest Policy and Economics (publishedVersion, cc-by-nc-nd)
  • Työväentutkimus Vuosikirja (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Funders
  • Jenny and Antti Wihuri Foundation
  • Academy of Finland
Topics
  • Life Sciences › Agricultural and Biological Sciences › General Agricultural and Biological Sciences › Bioeconomy and Sustainability Development
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Sustainable Supply Chain Management
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Keywords
circular bioeconomy, circular business models, small and medium-sized enterprises, forest industry, value creation, value capture, business model archetypes, sustainability transitions, Finnish SMEs, packaging industry, textiles, composite materials

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