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Abstract
The growing attention paid to global environmental risks has gradually raised interest, both on the agendas of firms and governments towards the development of new business models such as Circular Economy. This study is focused on the luxury furniture industry and it is aimed at investigating how much furniture companies know about Circular Economy practices, what they specifically do for implementing them and what factors motivate, support or hinder their adoption. The role of product and process certifications in developing such sustainable practices is also analyzed, given their importance for implementing environmentally sustainable practices. The research method is based on a qualitative multiple case study carried out on four Italian companies operating in the luxury furniture industry. A worthy degree of awareness and knowledge of Circular Economy principles emerged from the analysis. Nevertheless, furniture companies analyzed are still little involved in Circular Economy practices, especially concerning reuse and recycle actions, which are particularly important within this perspective. Similarly, very little use of process and product certifications emerged from the study. Therefore, a potential gap seems to arise between the positive attitude towards Circular Economy practices and their actual implementation, which suggests useful implications for both institutions and managers involved in sustainable development processes.
Highlights
In recent decades, growing attention has been paid to global environmental risks and related consequences, such as the increasing amount of CO2 emissions, global warming, deforestation, acid rains and the depletion of resources, which are threatening humanity’s survival [1,2]
This study is focused on the luxury furniture industry and it is aimed at investigating how much furniture companies know about Circular Economy practices, what they do for implementing them and what factors motivate, support or hinder their adoption
The research method is based on a qualitative multiple case study carried out on four Italian companies operating in the luxury furniture industry
Summary
In recent decades, growing attention has been paid to global environmental risks and related consequences, such as the increasing amount of CO2 emissions, global warming, deforestation, acid rains and the depletion of resources, which are threatening humanity’s survival [1,2]. Since the early 2000s, more efficient resource allocation and utilization are expected to increase overall company competitiveness as well as improve the well-being of society and reduce environmental damage and economic inequalities [3,4] In this context, the concept of Circular Economy has gradually raised and received growing importance both on the agendas of firms and governments [5]. Companies and, more general, industries, could be forced to reorganize their industrial value chains in a way that a sustainable use of resource and treatment of waste can be effectively implemented within the production process Notwithstanding these changes, which could sometimes limit the development of Circular Economy among firms, its practical implementation will have positive effects on the economic dimension as well as on environmental and social ones [7]. As noted by Rizos and colleagues [17], circular business models can lead to technological and organizational innovation, in addition to new employment opportunities, improving the overall well-being of society [18]
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