Convergences between ESG and circular economy: A comparative analysis of implementation practices in Brazil
A COMPARATIVE ANALYSIS OF IMPLEMENTATION PRACTICES IN BRAZIL
DOI:
https://doi.org/10.15675/gepros.3039Palavras-chave:
Sustainability, ESG Implementation, Circular Economy Guidelines, ISO 59000, Comparative AnalysisResumo
Purpose: The aim of this study is to analyze and compare the stages of implementation of ESG (Environmental, Social, and Governance) practices with the implementation of Circular Economy (CE) practices based on existing guidelines.
Theoretical framework: Climate Change has generated global challenges that demand actions/practices, such as ESG and CE, to mitigate impacts and promote sustainability, balancing environmental preservation and economic development, especially in Brazil due to its challenges in terms of preservation and development.
Methodology/Approach: This article carried out a documentary analysis of sources on ESG and CE practices and recommendations in Brazil. The comparative analysis used the “Guide to ESG Sustainability in Companies” from the Brazilian Stock Exchange (B3) and the CE implementation practices included in the ISO 59000 series and in the guide “Circular Economy in Practice” from the Brazilian National Confederation of Industry.
Findings: The results of this analysis and comparison revealed high convergence between the steps and recommendations of these practices, which highlights the strong complementarity in the implementation of ESG and CE practices, suggesting other issues to be investigated by future research.
Research, practical & social implications: Given the relevant and growing concern with sustainability and the search for more responsible and resilient business models, studies like this can help guide a more sustainable future and even create value for companies and society.
Originality/Value: In addition to being unprecedented, this comparative analysis and the theoretical basis raised original questions for future research related to the theme.
Keywords: Sustainability; ESG Implementation; Circular Economy Guidelines; ISO 59000; Comparative Analysis.
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