Analysis of environmental transitions for tool development

Abstract

In the pursuit of a sustainable economy, several transitions are initiated which affect the way of doing business. The most prominent transitions, the energy transition and the transition towards a circular economy, are exemplary for the way companies are impacted. By the analysis of the differences and similarities between the two transitions, the challenges for companies are identified. The value chain needs to implement the demanded adaptations to be competitive. Therefore, the environmental performance and capacity to make the required adaptation of all value chain partners are of relevance for business continuation. A future tool should support companies in the assessment of the value chain partners to be adaptive. The paper describes the design brief for the development of the tool that should incentivize companies to focus on and provide guidance for a multi-capital approach for value creation and to transition to a sustainable value chain.